Signs of Corporate Financial Stress
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
Tom joined Lumsden McCormick in 1999 with experience from a nationally based commercial business. In his role as principal, he has extensive experience in the planning and performance of auditing and accounting services for commercial businesses, nonprofit organizations, and governmental units. Tom specializes in employee benefit plans for a variety of organizations, and coordinates the Firm’s affiliation with the AICPA's Employee Benefit Plan Audit Quality Center. In addition, he has performed dozens of Service Organization Control (SOC) examinations.
State University of New York at Buffalo, Bachelor of Science in Accounting
American Institute of Certified Public Accountants
- Employee Benefit Plan Audit Quality Center, Member
New York State Society of Certified Public Accountants
- Buffalo Chapter, Past President
- Buffalo Chapter, Cooperation with Bar Association of Erie County, Past Chair
Institute of Management Accountants
- Buffalo Chapter, Past Treasurer
- Certified Management Accountant
International Foundation of Employee Benefit Plans
Plymouth Crossroads, Past Treasurer
Tapestry Charter School, Past Treasurer
Western New York Charter School Coalition, Past Trustee
United Way Leadership Society, Member
- Day of Caring, Volunteer
Buffalo Niagara Partnership (BNP)
- Board Membership 101, Presenter
Habitat for Humanity, Volunteer
Lumsden McCormick Making A Difference (MAD) Committee, Member
Tom enjoys outdoor activities such as skiing, hiking, camping, kayaking, and motocross. In his free time, he plays guitar and collects Lionel trains.