Chief Financial Officer, The Democracy Collaborative
Stephanie McHenry is the chief financial officer and chief operating officer of The Democracy Collaborative. She was formerly the vice president of policy, advocacy, and strategic initiatives at Cleveland Neighborhood Progress. Before that, she was the chief financial officer and senior vice president for business affairs and finance at Cleveland State University (CSU).
In this capacity, she oversaw critical university functions including finance, information systems & technology, capital planning, campus safety, facilities management, purchasing, and human resources. Located on 85 acres in the heart of downtown Cleveland, CSU has nine colleges and more than 200 academic programs serving 17,000 students. With an annual budget of $300 million, total assets were $700 million on June 30, 2016. She also serves as the President of the Euclid Avenue Development Corporation, a nonprofit, public benefit corporation, operating for the benefit of Cleveland State University in the capacity of student housing and parking facilities with assets of $100 million. She has been an administrator at Cleveland State since March 2011, and served on its board by appointment of Governor Ted Strickland from 2007–2011.
Prior to joining CSU, Ms. McHenry served as the president of Urban Partnership Bank, Cleveland Region, where she managed local assets of $75 million. She served in various leadership roles at ShoreBank Corporation, beginning as an intern in Chicago in 1986, then at affiliates in Arkansas and Cleveland, OH where she served as president of the bank for seven years. From 1998 – 2002, Ms. McHenry was senior director of minority business development for The Greater Cleveland Growth Association. There she led successful efforts to support minority business growth and was executive director of Northern Ohio Minority Business Council.
Ms. McHenry is an active board director with organizations related to economic development, finance and education. In Cleveland, she is a board director at ideastream (public radio and television), Village Capital Corporation (non-bank community lender), Midtown Cleveland (local community development corporation) and Campus District, Inc. (local community development corporation). Nationally, she served on the boards of National Cooperative Bank (2004 – 2009, including a term as chair) and the affiliated Capital Impact Partners in Washington, D.C. (2001–2015, including terms as chair). She completed six years of service on the Board of Visitors of the Rockefeller Center for Public Policy at Dartmouth College (Hanover, NH) in 2013. Stephanie has been recognized as a “Woman of Achievement” by Crain’s Cleveland Business and the Cleveland YWCA, and is a member of the Leadership Cleveland Class of 2003. She is a 1984 graduate of Dartmouth College with a bachelor’s degree in economics.