Dabney Wellford

Nonprofit finance executive and CPA with C-level leadership across financial strategy, budgeting, forecasting, compliance, audit, risk management, and operational systems. Currently leads finance for JABA, overseeing restricted and unrestricted revenue across 15–17 programs, advising the Finance Committee and Board, and strengthening investment, insurance, and retirement-plan governance. Track record includes improving financial reporting and controls, negotiating vendor and insurance costs, managing audits, and financing capital initiatives across nonprofit, financial-services, and commercial organizations.

Brings additional expertise in HR and payroll, IT, banking relationships, tax strategy, and investment reporting.

Chief Financial Officer - JEFFERSON AREA BOARD FOR AGING (JABA)

(2022)

• Lead finance for 15–17 programs, managing restricted and unrestricted revenue streams and supporting organizational financial stewardship.
• Direct budgeting and financial strategic planning, and regularly advise the Finance Committee and Board.
• Negotiate and oversee insurance programs, including cyber, employee benefits, and employment liability coverage.
• Oversee information technology systems, including internet connectivity.
• Moved the 457 retirement plan to Lincoln Financial, improving employee investment options and strengthening fiduciary protection for the organization and Trustees.
• Negotiated audit fees and reduced on-site audit time.
• Implemented a new budgeting platform and negotiated software fees for Blackbaud (Financial NXT), Paycor, and EUNA Budget Pro.
• Redesigned the Investment Policy to clarify how funds are to be used.

Senior Director of Finance and Facilities (CFO) - ADVANCED STUDIES IN CULTURE FOUNDATION

(2018 - 2022)

• Refinanced the Foundation’s building and accessed a portion of its equity.
• Led the 1,800-square-foot attic build-out and negotiated 15% savings.
• Modified APLOS to support GAAP compliance and improve reporting capabilities and scalability.
• Activated donor reporting.
• Negotiated and implemented the Foundation’s first Directors and Officers’ Liability coverage.
• Developed and implemented a 401k plan with matching, achieving 70% employee participation.
• Negotiated the Foundation’s entry into the UVA Foundation Insurance Consortium, enhancing benefits and lowering costs.
• Implemented a new phone system.
• Recast budgets and developed a five-year forecasting model.
• Liquidated large stock donations and gained control of UVA endowments for the Institute’s benefit.

Director of Finance - LAKE MONTICELLO OWNERS ASSOCIATION

(2015 - 2018)

• Led strategic planning and budgeting, strengthening the budget process and managing organizational risk.
• Implemented ADP (Workforce Now) for payroll, timekeeping, and HR, and managed payroll and HR functions.
• Managed restricted investments, including investment accounting and reporting.
• Managed marina and pool operations, increasing revenue at both amenities.
• Installed the Thompson-Reuters Fixed Asset system, corrected asset records, and investigated physical assets.
• Negotiated banking relationships that improved deposit and reporting efficiency while lowering costs.
• Developed an online bill-payment function for members.
• Coordinated funding for $7 million in major capital projects, including the main clubhouse renovation and a new golf and recreation facility.
• Built a food and beverage accounting and reporting system and installed point-of-sale systems at the pool and marina.

Business, Financial and Risk Management Consultant - WELLFORD CONSULTING

(2009 - 2015)

• Advised clients on financial systems, analyzed project data, and assessed financial practices.
• Advised clients on healthcare strategies.

Chief Financial Officer - POWER MONITORS, INC.

(2008 - 2009)

• Managed and executed the company’s financial functions.
• Redesigned strategic planning and budgeting, establishing financial and operating goals.
• Managed payroll processing, the NetSuite HR system, tax reporting, and risk management.
• Managed a 501(c)3 nonprofit entity promoting innovation in power monitoring.
• Re-engineered executive financial reporting for the accounting system implemented in early 2008.
• Advised the CEO/Owner on strategy, helping convert a seven-figure 2008 loss to near breakeven in 2009.
• Negotiated with IT vendors, generating annual savings of 40% to 50%.
• Created an extended warranty program that helped the company gain revenue and market share.

Chief Financial Officer - VERIFIED PERSON, INC. (Now part of Sterling Talent Solutions)

(2007 - 2008)

• Led strategic planning and budgeting and managed organizational risk.
• Secured funding through an equity lender and capital and operating leases; managed stock options.
• Developed and implemented tax-saving strategies that resulted in a refund of 80% of the prior-year liability.
• Led operations consolidation, saving $500,000 annually.
• Accelerated invoice processing and added customer payment options to improve cash flow.

Vice President - Operations, Chief Financial Officer/Controller - MEMPHIS NETWORX, LLC

(2004 - 2007)

• Led Finance and Operations and developed a preferred bank-debt strategy, negotiating a $7 million facility for working capital and capital expansion based on a three-year strategic plan.
• Set budgets for all years of the strategic plan and ran payroll and HR systems using ADP.
• Reorganized customer installation, service, and support functions to improve responsiveness to customer requests.
• Developed and managed a data center expansion that tripled power capacity at 75% of expected cost.

Vice President, Chief of Staff - JPMORGAN CHASE BANK (CHASE BANKRUPTCY INFORMATION SYSTEMS, INC.)

(2001 - 2004)

• Integrated the acquired organization with JPMChase Bank standards and led staffing, risk, and software matters.
• Led financial activity, managed expenses, and resolved vendor disputes, achieving a 31% profit before tax.
• Led strategic planning and budgeting.
• Established a Disaster Recovery/Business Continuity Plan that included a backup collocation center.

Chief Financial Officer/Controller - SOUTHERN SECURITY FEDERAL CREDIT UNION

(1997 - 2001)

• Developed Asset Liability Management modeling to monitor interest-rate risk.
• Led strategic planning and budgeting and managed organizational risk.
• Led development and implementation of accounting, payroll, operations, voice-response, and internet-banking systems, increasing operating efficiency.
• Collaborated with the CEO on investment of a $23 million portfolio, enhancing returns and managing investment accounting and reporting.

Chief Financial Officer - RAYMOND B. GILL COMPANY

(1995 - 1997)

• Led commercial and residential real estate management; developed valuation and sales-strategy models and negotiated property tax appraisals.
• Negotiated leases, refinanced and restructured properties, and managed property sales and risk.
• Upgraded IT systems and developed systems to manage homebuilding financing, budgeting, and actual-cost measurement.

Vice President, Finance and Administration - DECA INTERNATIONAL

(1994 - 1995)

• Developed a cotton inventory tracking system and integrated it with the accounting function.

THE MALLORY GROUP

(1989 - 1994)

• Real estate management

Bachelor of Science in Accounting - University of Tennessee, Knoxville, TN