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Social Serves Not-For-Profit

This organization provides mental health and foster care services in a large east coast city. Funded by contracts with the municipal government, this not-for-profit had suffered serious financial turmoil for several years. As advisor to the senior lender, Waypoint evaluated the organization’s current financial status and turnaround efforts, determining the validity of their restructuring process. Our investigation enabled the lender to agree to an extension of its credit facilities.

National Bill of Rights Advocacy Group

This not-for-profit was started over 50 years ago and had developed a strong advocacy effort for its core focus. Recently, however, it had expanded its activities beyond its financial abilities. Working with the organization’s management and board, Waypoint developed a plan of restructuring to stabilize the situation and allow for future expansion, once additional funding sources were secured.

Financial Services Firm

Having been significantly affected by the recession of past two years, this firm revenues and profitability had declined decline dramatically. Its senior lender was very concerned about the viability of the firm. Waypoint’s professionals analyzed the financial situation and business plan, developing a detailed cash flow projection that allowed the firm to renegotiate its loans and remain open for business.

Government Contractor

Advising the senior lender, Waypoint reviewed and examined this company’s financial condition, with a detailed focus on the terms of government contracts and validity of receivables. The result was a forbearance agreement that allowed the company the time it needed to resolve disputed contracts with the DCAA.

Assisted Living Provider

This company expanded quickly but was not able to generate the revenue required to support its multiple locations. Its senior lender was ready to foreclose when Waypoint was called in. We assessed the situation, generated cash flow projections and developed a restructuring plan acceptable to the lender. This gave the company the time to sell one of its locations and stabilize the company. The lender has extended its credit facilities with the company.

Commercial Plumbing Company

This regional contractor had expanded rapidly and had outrun its funding. Its poor financial position endangered ongoing contracts. Our professionals, acting as interim CEO and CRO/CFO, stabilized the company, completed contracts, paid vendors and paid off the secured lender. The company’s assets were purchased by another commercial plumbing company which also hired all of the company’s employees.

Regional Industrial Cleaning Company

This company provided industrial cleaning services to commercial companies and governmental units, mainly in Washington DC. Because of its rapid expansion and management shortcomings it experienced a serious financial shortfall. The company filed a Chapter 11 bankruptcy. Working with the company’s attorneys and lender, Waypoint guided the company through the bankruptcy process. Through our efforts the lender extended Debtor in Possession financing, allowing the company time for an orderly shut-down and liquidation. This allowed the owners to retire financially secure.

Medical Device R&D Company

Due to the untimely death of its founder and chief scientist, the company entered Chapter 11 bankruptcy. Our professionals assisted the company with the bankruptcy process allowing the company to sell its technology and settle all of its debts.

Modular Home Builder

Acting as interim CFO, a Waypoint partner assisted the company in stabilizing and analyzing the situation, preparing and reviewing bank required financial disclosure statement and analyses. This gave the company time to pay the bank a significant portion of the debt due before liquidating.

Independent School for Special Needs Children

Working for the school, Waypoint prepared an organizational financial assessment that was utilized by the school to negotiate a forbearance agreement with its lender.

Government Technology Contractor

Acting as advisor to the President and Executive Committee, our professionals developed and implemented a professional finance and accounting system for this rapidly growing company. Our hands-on experience allowed the systems to come on line rapidly and with no disruption to business.

Non-Profit Foundation

This large foundation provided social services to under-served communities throughout the country, but was unable to prepare and file required reports with its funders on a timely basis. Waypoint developed and implemented a stop gap process that allowed the foundation to accumulate the necessary data to prepare and file its reports within an acceptable time, allowing the foundation the time needed to install a state-of-the-art reporting system.

Cellular Telecommunications Dealer

The company had experienced a 50% to 100% annual growth rate for several years. Without a sound financial structure, its growth left the company with significant debts. Margins were also declining significantly, leaving the company with no ability to pay its debts. After analyzing the situation, Waypoint developed a restructuring and stabilization plan, giving the company time to sell an operating division and pay outstanding debts.

Commercial Electrical Contractor

This company experienced a severe decline in business, leading to a Chapter 11 bankruptcy. Our professionals assisted the company and its attorney through the bankruptcy process, eventually performing an orderly liquidation. Through Waypoint’s efforts, the company was able to pay off the secured lender and vendors, leaving the owners with no further liabilities.

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