Many SCORE clients, especially start-ups, require accounting and financially-oriented support that stretches beyond the traditional client-mentor relationship. Their needs include financial forecasting, selection of an appropriate accounting system, financial records clean-up and support in interactions with third-party professionals. These clients are not yet at the stage to properly utilize or afford the services of an accounting firm. FACT formalizes the expertise within the chapter, strengthens the referral process from both inside and outside the chapter and prepares clients for effective professional relationships.
The mission of FACT is to help potential and existing small business owners and not-for-profit entities understand the financial implications and requirements of the lifecycle of a business or organization.
We will accomplish this by:
- Assessing financially-related needs and current abilities
- Assisting in the preparation of a coherent and achievable financial plan
- Advising in the selection of an appropriate accounting system
- Identifying areas for improvement in existing financial records and controls
- Providing basic financial education
- Supporting interactions with third-party professionals
Members are experienced SCORE counselors with extensive education and experience in the financial service industry. Biographies of the initial members are attached.
SCORE counselors and third-party firms within our service area including accounting firms, banks, law firms, insurance companies and other financial-service providers.
Dick Kress - Dick is a graduate of the University of Dayton with a degree in Economics and Finance. He has spent his forty year banking career working for both community banks and large regional banks. During his banking career of forty years, his primary focus was lending. This Lending Career has included Commercial Lending to Large Businesses and Middle Market Businesses, Consumer Lending, and Real Estate Lending to Businesses and Consumers. His responsibilities include management of lending teams but also the development and implementation of bank lending policies. During his career, he has attended Advanced Banking Schools at the University of Oklahoma, Ohio State University and the University of Delaware. Also Dick has taught at Walsh College and Stark State. Presently he has a private Business Advisory and Consulting Service. He continues to be involved in community activities which include being on the Boards of Better Business Bureau, Central Catholic High School, Prescription Assistance Network, St Joseph Care Center and Walsh University President Advisory Board.
Jim Lurie - Jim Lurie is a certified public accountant (OH-retired). Jim holds a bachelor's degree in psychology from Michigan State and a M.S. in Industrial management from the University of North Dakota (earned while on active duty in the Air Force). After the Air Force, Jim worked as a commercial banker at Manufacturers Hanover Trust Company in New York. He then moved to industry, working in treasury departments at Revlon and Sony and running Sony's national credit operations. Jim moved back to banking in 1987, managing commercial loan and real estate loan recovery groups and was a senior member of the loan committees for a Norwegian bank's New York subsidiary and for the Vermont subsidiary of Bank of Boston. As a CPA, Jim worked primarily in advisory services with an active practice in turnaround management, business valuation, and merger and acquisition advisory work. He has been certified in business valuation by each of the major certifying organizations and, prior to his retirement was a regular speaker and instructor on valuation topics.
Patricia Ripple - Pat Ripple, a certified public accountant (OH inactive), earned a bachelor's degree in accounting at Mount Union College and a Master's of Taxation at the University of Akron. During her business career that began in 1978, Pat worked for four leading companies -- Ernst & Whinney, Goodyear Tire & Rubber Company, American Greetings Corporation and Esmet Inc. At American Greetings she rose to senior vice president, gaining significant experience in the greeting card industry. At Esmet she served as chief financial officer. Pat joined SCORE in 2002 and served as chair of the Canton Chapter in 2006. Beginning in 2007 she has served as assistant director of SCORE's Northern Ohio District and is on the National Advisory Council. Pat has also taught in Walsh University's MBA program and the University of Akron's Master of Taxation Program and previously served as treasurer for the Wilderness Center and The Canton Palace Theatre.