EcOp Memphis is a transformative non-profit dedicated to providing justice-impacted and under-resourced individuals in the Greater Memphis area with sustainable employment opportunities. Through its Shepherd’s Work program, EcOp supports individuals with job placement, life coaching and mentorship. As the organization transitioned into a standalone 501(c)(3) non-profit, it faced new financial and operational challenges. That’s where CFO Leverage stepped in.
In 2017, EcOp Memphis expanded its impact by launching a third-party employment ministry, hiring Shepherds to directly support local employers. However, when the organization moved away from the Memphis Leadership Foundation and became an independent 501(c)(3), it needed robust financial oversight, back-office support and compliance expertise to ensure sustainable growth.
The organization required financial structure and guidance—from handling accounting audits and payroll reconciliations to maintaining accurate invoicing and accounts receivable. EcOp needed a financial partner who could provide these essential services without the high cost of hiring a full-time CFO.
After an introduction by a stakeholder, CFO Leverage quickly became an invaluable partner to EcOp Memphis. The team provided comprehensive financial management, ensuring that all aspects of the organization’s back-office operations were handled efficiently.
This included:
Beyond financial services, CFO Leverage became an active strategic partner, attending board meetings, providing financial updates and participating in community networking events. Their hands-on approach made them feel like an extension of EcOp’s team.
Significant Cost Savings
Avoiding the high salary and benefits package of a full-time CFO.
Scalability for Growth
Financial support that will continue to be essential as EcOp expands beyond Memphis.
Operational Efficiency
Streamlined financial processes, ensuring compliance and accuracy.
