IBJNews

2012 CFO OF THE YEAR: Jack A. Gochenaur

Sam Stall
November 27, 2012
Back to TopCommentsE-mailPrintBookmark and Share

Honoree, Not-For-Profit

The career of Manchester University vice president, CFO and treasurer Jack A. Gochenaur has followed a distinctly circular path. He graduated from Manchester in 1970, worked numerous positions around the Midwest, then returned to his alma mater in 2003 as vice president of financial affairs and treasurer. There he oversees a $34 million annual budget that includes investments, recordkeeping, student financial aid, information technology—even the campus food service.

During his nine years on the job he’s helped increase enrollment, strengthened the school’s finances and overseen both a $9.1 million renovation and expansion of the Academic Center on the school’s main campus, and creation of a Fort Wayne satellite campus with a $19 million main building that houses Manchester’s pharmacy school.

jack-gochenaur02-1col.jpg (IBJ Photo/ Perry Reichanadter)

Age: 64

Family: wife Dianna; daughters Heather, 41, Heidi, 38; son Hans, 35

Hometown: Columbia City, Ind.

Education: degrees in accounting and business education, Manchester College; CPA

Civic Involvement: Various church related groups

Hobbies: Family time, home projects

“Jack provided the financial projection data and a compelling argument to help convince a risk-averse board of trustees that the College of Pharmacy was financially viable,” said Manchester University President Jo Young Switzer.

All of this was accomplished in the teeth of the great recession. “The university’s ability to be true to its mission and live within its means during this difficult period was in no small part due to the respect and trust that Jack has with other members of the leadership team,” says university trustee Chuck Winger.

As for revenue, Gochenaur has focused administrative and board attention on gaining dollars from all aspects of enrollment, from room and board to tuition, and facilitated enrollment growth from 1,050 to 1,300 students. Gochenaur was also the driving force behind the creation of the Indiana Risk Management Association, an insurance consortium of nine private colleges that self-insure casualty and liability coverage.

He’s also made a difference simply by hanging around for so long. “Before Jack’s arrival, Manchester had four CFOs in 10 years,” said former trustee Ken Metzger. “Jack brought much-needed stability to the institution’s finances.”

Gochenaur, who refinanced the school’s debt into a new tax-exempt bond to take advantage of today’s low rates, is also a strong advocate of student financial literacy, and counsels individual students facing financial and personal challenges.

“Colleges are receiving a lot of challenging press lately around the topics of affordability, accessibility, high levels of student debt, student loan default rates, graduation rates in four or five years that are too low, and competition from non-traditional providers,” he says. “It requires bold leadership from faculty and staff to explore our delivery methods in light of the demands of the marketplace, to make changes where required but not to sacrifice our mission.”

This year Gochenaur thinks students will continue to struggle to find the cash necessary to pay for a four-year degree. As for the rest of the country, he sees a significant amount of pessimism among the citizenry.

“It can be contagious and self-fulfilling,” he says. “I believe that next year will be much the same as 2012. There are no clear ‘fixes’ in sight. We are in a world economy and heavily influenced by world economies and events. Learning to deal with a world of uncertainty without becoming paralyzed will afford us the possibilities of being leaders in our own organizations.”•

___

Click here to return to the CFO of the Year landing page.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Angela IS the best RD

  2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

  3. Good day! I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}

  4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

  5. Hello everyone, My name is Marian Gareth, I am from the Texas, United State, am here to testify of how i got my loan from Mr Andre Frank {frankloancompany@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right in this forum,i thought their lending where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan.Until a friend of mine introduce me to Mr Andre Frank the C.E.O of Andre Frank Loan Company who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Andre Frank, who really help me with my loan and changed my lief for better. I don't know if you are in need of an urgent loan, free feel to contact Mr Andre Frank on his email{ Frankloancompany@yahoo.com} for help

ADVERTISEMENT