June 27, 2018
8:30 am - 11:00 am

Nonprofit mergers and acquisitions can make great financial and programmatic sense in some cases and can be calamitous in others.  The regulatory, financial, risk, employment, and governance issues these transactions present are as complicated as those in business mergers, and nonprofits often lack the resources to pay for the lawyers and other professional advisors they need to get the job done right.
TANGO has developed a method to help nonprofits navigate these waters.  It works by “front loading” and explaining at an early stage the issues, options, and variations these deals present, so that governing boards can decide to proceed (or not) as soon as possible, and to increase the likelihood of success if they proceed.  This system has the added benefit of setting the stage for the lawyers, accountants, and other professional advisors when they become involved.
This early stage advisory services will be explained in the context of a merger case study presented by Jack Horak, Esq., TANGO’s Director of Nonprofit Education and consulting. The case study will identify three specific issues that are always present when two separate organizations become one:  internal financial reporting, risk management, and employee benefits which will be addressed by the following TANGO Partners in our case study.

The Farmington Country Club

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With over 1,600 nonprofit organizations throughout New England, TANGO has become a powerful community helping nonprofit organizations reach their mission.

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