Clyde Cornett, CPA, was honored at the 2014 Virginia Business CFO awards banquet on Thursday, June 19. Cornett, who has been with VCC since 2008 as its CFO, is this year’s award recipient in the Small Nonprofit Category.
Cornett’s nomination highlighted a $250,000 increase in revenue for 2013 and noted that VCC’s assets have grown 356 percent since 2008. In addition, VCC has financed over 4,600 units of affordable housing, created or saved over 1,950 Virginia jobs and financed 6 community health care centers.
“The awards honor chief financial officers whose ingenuity and dedication have contributed to their companies’ growth and profitability,” according to the announcement by Virginia Business.
Forty-eight nominations were submitted this year. A panel of judges from the 2013 CFO Award winners chose the winners from among 26 finalists. CFOs from five categories are honored including small nonprofits, large nonprofits, small private companies, large private companies, and publicly traded companies. The full list of winners and their profiles are featured in the August issue of Virginia Business (virginiabusiness.com) in the article Virginia Business Names Five ‘CFO Awards’ Winners.