posted Feb 03, 2012 in ACADEMICS
The new vice president for finance at McPherson College – Rick Tuxhorn – was already familiar with the college’s finances before he was hired at the beginning of January. After all, he spent many of the last 20 years as a CPA with Swindoll, Janzen, Hawk and Loyd, LLC auditing the college’s financial statements.
“I understand the accounting that is unique to not-for-profit, private colleges,” Tuxhorn said. “I believe this unique experience will serve me well in this position and make my job much easier right from the start.”
Tuxhorn has worked as a public accountant for 30 years, and had created a niche market in his work auditing colleges throughout the area. He holds a degree from Sterling College and has been a CPA since 1986.
Tuxhorn is currently learning the nuts-and-bolts of the college’s finances, as he goes from looking at the big picture of the college’s finances as an auditor to managing the day-to-day operations. But he has a number of longer-term goals to continue to improve the college’s finances.
Among these are to streamline the budget of the college and to go beyond the budget to provide full financial statements to the board of trustees throughout the year, allowing them to make better decisions. Tuxhorn will also work on creating cash flow reports – helping to break down income and expenses and project those trends into the future. He’ll work closely as the college’s new master’s degree in education gets started.
“Rick has the experience and drive to keep the college on a strong financial footing,” President Michael Schneider said. “We’re excited to have him as part of the McPherson College family.”