Chief Financial Officer

MICHAEL R. McGOVERN, CPA

● East Meadow, New York 11554 ● 917-***-**** ● ************@***.*** ●

Experienced Chief Financial Officer & Controller

SUMMARY Dynamic, action-oriented and hands-on CFO / Controller with more than 25 years of experience in non-profits, small privately-owned firms, medium-sized corporations, securities’ broker/dealers, as well as retail, wholesale entities. Demonstrates a “fixer” mentality with the ability to streamline operations that drive growth, increase efficiency and elevate bottom-line profitability. Able to establish and achieve financial and operational infrastructure goals to create stability and growth. Acknowledged and well-respected for communication style and adaptability. AREAS OF STRENGTH

● Financial Reporting / Analysis ● AR / AP / GL / Cash Flow ● CFR, SOP and Form 990 Reporting

● Internal and Remote Supervision ● Budget / Impact / Cost Control ● Public Relations

● Operations Management / Compliance ● Short / Long Term Planning ● Leadership

● Internal Controls & Procedures ● Retail Operations ● HR Administrative CAREER HIGHLIGHTS

Non-Profit Financial Leadership

Strategic Financial Consultant in the start-up and growth in the early stages of the September 11th Widow’s and Victim’s Families Association currently known as the 9/11 Tribute Museum

Recognized for turnaround of non-profit educational institution from negative to positive revenue stream

Successfully reviewed and implemented changes in IT technologies, policies and procedures

Saved $100K by effectively negotiating IPad purchase vs lease for the staff and students

Decreased operating expenses by $2M, improving Lines of Credit and cash flow

Addressed tuition receivable issues: Within 24 months collected $1M+, reducing delinquencies to low of under $200K

Managed and successfully reduced $1.5 million Line of Credit interest expense by 52%

Coordinated and negotiated $2M loan with private equity fund, reducing 12% interest rate to 6% Corporate Finance and Accounting

Successfully managed broker dealers with $100M in combined revenue with ~ 1,600+ employees

Successfully negotiated NYS Sales Tax audit reducing liability from $1.3M to $300,000 with no penalties

Created regulatory compliance manuals that were successfully utilized for several years

Established base line and clear lines of financial reporting, Implemented successful budgets adherence

Cross-trained staff to maximize productivity and minimize downtime

Successfully eliminated unnecessary spending by reinforcing and following up on cost-control issues NON-PROFIT EXPERIENCE

Acoustical Society of America (ASA), Melville, NY 09/19-Present Registered 501c3, $5M Budget

Financial Director

Responsible for a $5M annual budget, entailing financial reporting to Executive Director, Board of Trustees and all cost center principals

Responsible for (9) cost center budgets, variance review, analysis and implementation of corrective measures

Perform financial planning entailing year-end projections, future forecasting that include revenue opportunities

Oversee all aspects of preparation for execution of annual audit; work with all ASA Board committees

Interact with government agencies on Federal, State and local levels New York Institute of Special Education, Bronx, NY 11/17-09/19 Formerly The New York Institute for the Blind and Visually Impaired Registered 501c3, $30M Budget (Government Funded Reports to Executive Director and Board of Trustees Director of Fiscal Affairs – Student body: 3 tp 21 years of age on a 17-acre campus

Responsible for a $30M annual budget, entailing financial reporting to Executive Director and Board of Trustees and all cost center principals; this includes AR, AP, payroll, benefits Donor gifts and Alumni funds, as well as all compliance requirements; establish budgetary controls to reduce risk.

Payroll encompassed ~$15M for 300+ staff members. Supervised 5 direct reports

Work cooperative with SED, NYC in relation to funding for 4201 and 4410 programs

Responsible for (6) cost center budgets, variance review, analysis and implementation of corrective measures

Reported to Investment Committee and Board of Trustee regarding review, implementation and daily monitoring of the school’s $150M+ Endowment and professional money manager’s performance

Reporting included the annual Consolidated Fiscal Report (CFR); quarterly Standard Payment (SOP) filings; FTE reporting; annual Form 990; monthly cost center actual to budget analysis and variances

Prepared and presented Treasurer’s report to the Executive Committee and Board of Managers MICHAEL R. McGOVERN, CPA - Page Two

NON-PROFIT EXPERIENCE (Continued)

Martin De Porres School, Elmont, NY 08/16-08/17

Registered 501c3, $20M Budget (Government Funded / Reported to COO) Comptroller/CFO – Elementary School, High School and Group Home Special Needs Students (12.1.1 ratio)

Responsible for all financial reporting including the annual Consolidated Fiscal Report (CFR); quarterly Standard Payment (SOP) filings; FTE reporting; Form 990; quarterly board reports; YTD budget analysis and variances

Maintained hands-on responsibility for all accounting functions, supervising a staff of five (5)

Established internal controls monitoring long- / short-term objectives throughout budget process

Responsible for 3 cost center budgets, variance review, analysis and implementation of corrective measures

Managed financials and budget for the high school that was faced with several financial challenges

Conducted reimbursement billing from State Education Dept., NYC DOE, and Nassau / Suffolk participating schools

Initiated/active in renegotiation of system-wide contracts; remove/reduce nepotism/cronyism/expenditures Xaverian High School, Brooklyn, NY 01/14-12/15

Registered 501c3, $14.2M Annual Budget

Chief Financial Officer – 2 Year Contract – Private Catholic School, Grades 6-12

Established / implemented financial reporting and controls that included, net income planning, capital investments, tuition forecasts, expense budgets, along with necessary controls and procedures to effectuate positive change

Responsible for all aspects of budget process; interacted with all departments to establish, monitor & analyze variances

Established / implemented internal controls to monitor long/short-term objectives of school through of budget process

Responsible for oversight of Development and Philanthropic financial activities

Co-planned, solicited and procured $15M tax exempt bond financing to ensure facility modernization and strategic planning, including historical transformation from an all-boys school to a co-ed school

Supervised Director of Finance, Comptroller and HR personnel (4)

Sitting member of Investment Committee regarding $12M Endowment and money manager’s performance BUSINESS EXPERIENCE

MAC Consulting Group, Inc., New York, NY 01/05-12/13 CFO and Controller for Small Business Owners – Combined Revenue of $100M+

Functioned in the capacity of CFO / Controller / FinOp for multiple clients while simultaneously achieving eight years of continuous growth and profitability

Managed / directed 29 broker / dealers, monitoring firms’ daily cash and net capital usage which entailed reporting to Sr. Management / department heads; ensured compliance with regulatory agencies and firms’ internal capital levels

Managed annual audits by firms’ independent auditors and periodic exams by SEC, FINRA, NYSE and DOL

Hired and evaluated employee performance for clients, made recommendations on salaries and bonuses

Supervision of controllers, accountants and full-charge bookkeepers both in house and at client offices

Ensured accuracy in all accounting and financial reporting including supervision and hands-on preparation and analysis of GL through financial statements, as well as account analyses and reconciliation

Provided corporate, partnership, trust, foundation and individual tax planning and preparation

Performed daily reconciliation, approved equity monies and transfers between firms, their banks’ and clearing firms

Assisted outside counsel with firms’ compliance with supervisory regulatory organizations’ rules / regulations

Reviewed, analyzed and presented financial statements to firms’ outside partners and investors

Perform similar financial, regulatory and tax reporting functions for highly visible non-profit entities Arrow Security, Smithtown, NY 01/16-08/16 and 08/17-11/17 Established commercial, uniformed-security firm with $40-45 million in annual revenue and two companies Chief Financial Officer- Interim

Responsible for financial reporting, financial operations, planning, risk management, compliance, funding, leadership, as well as cash flow, negotiations, bid quotation, budget process and hiring / evaluations / recommendations Reviewed, analyzed and presented financial statements for firm’s outside partners / investors

Implemented internal controls / changes, prepare monthly, quarterly and year-end financial statements in compliance with GAAP; review payroll tax returns, sale tax returns and biennial statements

Submitted reports to Federal, New York State and New York City agencies and tax authorities

Tracked / analyzed metrics: ensured accuracy in all accounting and financial reporting, including supervision and hands-on preparation an analysis of GL through financial statements, as well as account analysis and reconciliation

Provided corporate, partnership, trust and individual tax planning and preparation MICHAEL R. McGOVERN, CPA - Page Three

PRIOR PUBLIC ACCOUNTING EXPERIENCE

Gettenberg Consulting (Presently ATI Corp.), New York, NY 12/01-101/05 Senior Staff Accountant – Wall Street Community / SEC / Regulatory Reporting Mark Mandel & Co., CPA’s, Mineola, NY 12/89-12/01

Junior Partner

Ernst & Young, New York, NY 01/88-11/89

Senior Staff Accountant

EDUCATION St. John Fisher College, Rochester, NY

BS in Accounting

REGISTRATION & LICENSES

New York State Certified Public Accountant

FINRA Financial and Operations Principal (Series 27) FINRA Registered Representative (Series 6, 63 and 99) COMPUTER SKILLS MS Office Suite (Excel, MS Word, MS Outlook, Power Point), QuickBooks (Stand-Alone through Enterprise) Blackboard, CA Adagio ACCPAC Plus, ADP / Paychex Payroll, Peachtree, Fund EZ, Financial Edge Tax Prep Software – Lacerte (20 + Year User); Turbo Tax; Pro Series; and Pro Series – FX

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