Nexus Vice President of Finance and Chief Financial Officer Alan K. Nordby has announced his retirement, effective Jan. 20, 2017. Nordby joined Nexus in 1995.
As Vice President of Finance and CFO, Nordby has been responsible for developing, implementing, and auditing Nexus’ compliance with all financial policies and procedures; assuring Nexus' compliance with all contract, state, and federal standards and regulations; and developing, implementing, and managing final review of Nexus site and consolidated operating and capital budgets.
His financial oversight helped grow the national nonprofit 501(c)(3) organization from a $38-million budget in 2008, serving 300 youth a day through four business units, to an-over-$80-million budget in 2016, serving nearly 1,000 youth and families a day through seven business units in three states. Today, Nexus sites and affiliates include Mille Lacs Academy, Onamia, Minn.; Nexus Glen Lake, Minnetonka, Minn.; Kindred Family Focus foster care, adoption, and home-based services, Minnesota; Gerard Academy and Gerard Mental Health Services, Austin, Minn.; Onarga Academy, Onarga, Ill.; Indian Oaks Academy, Manteno, Ill.; and Woodbourne Center and Woodbourne Treatment Foster Care, Baltimore, Md.
Before joining Nexus, Nordby served as Director of Finance, Diversified Services Division, for Allina Health System, Minneapolis, Minn.; Director of Finance for LifeSpan, Inc., Minneapolis, Minn.; Treasurer and CFO of Health Affiliates, Inc., Lynnvile Treatment Center and Home Health Agency, TransHealth, Inc., divisions, Minneapolis, Minn; and the Minneapolis Psychological Institute. Nordby also served as Treasurer of Minnesota Visiting Nurse Agency. He earned a Bachelor of Science degree in Accounting and a Bachelor of Science in Mathematics from Mankato State University.
Nexus has selected Hilke S. Riechardt-Martinez as incoming Vice President of Finance, CFO, following Nordby’s retirement. Nordby and Riechardt-Martinez will work together in the next month to assure a smooth transition of financial leadership on Jan. 20, 2017.
Riechardt-Martinez comes to Nexus with expertise in nonprofit healthcare, including assisted living and residential treatment, and a proven track record of strong financial leadership; supporting growth, generating cost savings, and improving operational effectiveness. Her passion for mission and support for underserved populations is a good fit for Nexus’ mission-driven operations.
Incoming CEO, Brock Wolff, said, “We owe Alan a debt of gratitude for his devotion and attention to our mission of strengthening lives, families, and communities. He will be missed. We wish him the very best in his next stage of life.’’