Thomas McDermott, CPA
Chief Financial Officer
Professional Overview
Thomas McDermott is an accomplished finance executive with over 30 years of experience in the healthcare and non-profit sectors. As the Chief Financial Officer at the National Youth Advocate Program (NYAP), he is responsible for overseeing the organization's financial strategy, reporting, and compliance, contributing to its mission of empowering youth and families.
Experience Summary
Current Role
As the Chief Financial Officer at NYAP since 2020, Thomas is a strategic partner to the executive team, providing financial leadership and guidance to support the organization's growth and sustainability. He is responsible for managing the organization's $50 million annual budget, ensuring accurate financial reporting, and implementing robust internal controls to mitigate risks. Under his leadership, NYAP has achieved strong financial performance, enabling the organization to expand its services and reach more youth in need.
Career Progression
Prior to joining NYAP, Thomas served as the Chief Financial Officer at Atrium Centers Inc., a large healthcare provider, where he played a crucial role in streamlining operations, improving financial reporting, and strengthening the organization's fiscal position. Before that, he held the CFO role at Wexner Heritage Village and Fayette County Memorial Hospital, demonstrating his ability to drive financial and operational excellence in complex healthcare environments.
Earlier in his career, Thomas was an Associate at Plante & Moran, PLLC, a leading accounting and consulting firm, where he gained valuable experience in financial analysis, audit, and consulting, working with clients across various industries.
Academic Background
Thomas holds a Bachelor of Science in Accounting from The Ohio State University. He is a Certified Public Accountant (CPA) and has demonstrated a commitment to continuous learning, staying abreast of industry trends and best practices.
Areas of Expertise
- Financial planning and analysis
- Budgeting and forecasting
- Accounting and financial reporting
- Internal controls and risk management
- Healthcare and non-profit finance
- Mergers and acquisitions
- Talent development and team leadership
Professional Impact
Throughout his career, Thomas has consistently delivered measurable financial and operational improvements for the organizations he has served. At NYAP, he has implemented data-driven decision-making processes, leading to a 15% increase in program funding and a 10% reduction in administrative costs. His financial acumen and strategic insights have been instrumental in supporting the organization's mission and expanding its reach.
Conclusion
With his proven track record of financial leadership, Thomas McDermott is a trusted advisor and strategic partner. His deep industry knowledge, technical expertise, and collaborative approach make him an invaluable asset to the organizations he serves. As he continues to drive the financial success of NYAP, Thomas remains committed to creating lasting impact and supporting the organization's mission of empowering youth and families.
