Community & Family Service Agency, Chief Financial Officer
477 Petaluma Ave., Sebastopol, 95472, 707-829-5717, community-family-services.org
Forty years of experience in the finance field in the nonprofit and medical fields. He is the author of a 50-page manual “Setting Up a Bookkeeping System for a Workers’ Cooperative” used in leadership training courses around the country.
Education: B.S. Business Management, University of Southern Indiana
Comment about Davie Koressel: “Dave is a smart, patient, strategic thinker who has the capacity to manage and report on an unbelievable volume of detail-level data that managers need to fulfill our mission, while simultaneously producing high-level board reports that capture the complexity of our organization on a single sheet of paper. Without Dave our organization would have struggled to survive this economic downturn and the funding roller coaster it created for the nonprofit sector.” –Katrina Thurman, executive director, Community & Family Service Agency
Questions for Mr. Koressel:
What do you see as the essential role of a financial leader in the current environment?
A financial leader needs to have a sense for potential opportunities, and be able to rationally support the idea with sound cost benefit analysis.
What are the biggest changes you’ve seen in your industry?
The biggest change I’ve seen in the past few years is the steady decline of government funding — particularly at the county level.
Tell us about the particular challenges and opportunities your organization has met in the recent past?
Over the past few years we had to make drastic cuts in our operating budget, including very difficult personnel decisions.
What advice would you give to young emerging financial leaders?
Don’t forgo your vacations. Live a balanced life.
What’s the best advice for weathering today’s economic environment?
It’s important for non-profit agencies to develop revenue streams independent of government and foundation sources, such as social enterprises.
How do you think your business will change in the next five years?
I believe mergers and consolidations among non-profits will be the trend.
What is a decision you wish you hadn’t made? What did you learn from it?
I once declined an invitation from friends to backpack in the Grand Canyon. I learned that to not take a vacation due to career responsibilities is a bad idea.
What is your most memorable business experience?
The last time the Russian River flooded I had been with West County Community Services (our name at the time) less than a year. I was so impressed with the way my co-workers responded to that crisis.
What is your greatest business success?
With my team, successfully merging with Family Services Agency last year.
What was your toughest business decision?
Many years ago a bookkeeper I supervised had the skill set and ability that got her promoted out of my accounting department. I supported that move but it was tough to let her go.
What would your friends be surprised to find out about you?
I enjoy watching one or two pro football games a season; I don’t miss the Super Bowl.
Most admired businessperson outside the company: Catherine Austin Fitts
Current reading: Making Plant Medicine by Richo Cech
Most want to meet: Paul Hawken, author
Stress relievers: Yoga, meditation and the elliptical machine.
Favorite activities outside work: Gardening, reading, playing with my grandson.
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