Charter Schools
"Struggling financially and enduring several leadership transitions our board contracted with Orbital as a turnaround consultant. Taking immediate control of the organization’s finances, Orbital significantly improved our financial position by aggressively managing cash flow, implementing policies & procedures, revising contractual agreements and negotiating account settlements. Orbital worked with our lenders rebuilding their confidence by significantly improving our operating metrics, bringing our financial reporting current and debt covenants into compliance. Orbital performed their role perfectly, allowing the Board and the administration to focus on our core mission."
Board Treasurer, Charter Management Organization
Charter schools offer their own set of special operational and financial circumstances that only experience can help manage.
- Is all the compliance reporting current? Does the organization manage to and understood the compliance?
- Is the capital structure optimized to assure the lowest cost of capital?
- Is there a cost accounting structure in place that allows the school to make informed decisions?
- Is there a plan that the organization follows to assure all resources are efficiently utilized?
- Is clear/concise data provided to all outside stakeholders?
- Are there systems in place to efficiently manage financial and operational information?
- Are the right people in place to manage the financial and operational data?
- Are buildings well maintained and safe?
- Are there capital projects that could improve overall performance?