Getzler Henrich Advises Colleges to Develop Financial Contingency Plans

NORTHBROOK, Ill., Aug. 2, 2024 /PRNewswire/ -- Getzler Henrich has issued a timely and relevant perspective titled "Does Your College Have a Financial Contingency Plan?" Authored by Mark Podgainy, Managing Director at Getzler Henrich & Associates LLC, a Hilco Global Company, the article addresses the urgent need for colleges and universities to prepare for financial challenges due to demographic shifts, rising interest rates, and increased labor costs.

The article emphasizes the importance of creating financial contingency plans similar to emergency preparedness drills. These plans help institutions navigate potential financial crises by assessing financial health, ensuring sufficient cash flow, conducting scenario analyses, and fostering transparent communication with stakeholders.

"In the face of ongoing financial challenges, it is imperative that educational institutions prepare proactively to ensure their long-term sustainability," says Podgainy. "Our article provides a comprehensive guide for colleges to develop effective financial contingency plans."

For more insights and to schedule an interview with Mark Podgainy, contact Julia Lechowicz, Hilco Global at [email protected].

About Getzler Henrich & Associates: Getzler Henrich & Associates LLC (www.getzlerhenrich.com), a Hilco Global Company (www.hilcoglobal.com), is one of the nation's oldest and most respected names in middle-market corporate restructuring and operations improvement and has successfully worked with thousands of companies to achieve growth and profitability. Working with a wide range of companies, including publicly held firms, private corporations, and family-owned businesses, Getzler Henrich's expertise spans more than fifty industry sectors, from "new economy" technology and service firms to "old economy" manufacturing and distribution businesses.

Getzler Henrich & Associates is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization, advisory, and capital solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

SOURCE Getzler Henrich & Associates