Title: Chief Financial Officer
Company: Spectrum Inspire
Location: Lyndhurst, Ohio, United States
Thomas F. Babb, Chief Financial Officer at Spectrum Inspire, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements and leadership in Finance.
Mr. Babb has cultivated a distinguished career in finance, marked by his current role as chief financial officer at Spectrum Inspire since 2023. In this capacity, he oversees the day-to-day financial activities, generates reports for the organization, and prepares the Form 990 information return for the IRS. His responsibilities also include reconstructing books and tax returns that were not filed and ensuring the books are up to date. Mr. Babb’s expertise in finance is further demonstrated through his ownership of TFB3 since 2019 in Cleveland, where he assists clients with tax accounting and provides valuable insights into financial management.
Before his current endeavors, Mr. Babb served as the chief financial officer at Constellation Schools from 2014 to 2019. During his tenure, he played a pivotal role in managing the financial operations of the schools and worked closely with the Help Foundation and the school district. His leadership was instrumental in navigating the complexities of educational finance, contributing to the success of Constellation Schools. Mr. Babb also held dual roles as the treasurer and chief financial officer between 1998 and 2014, showcasing his long-standing commitment to educational institutions.
Mr. Babb’s career also includes significant contributions to public education, serving as treasurer and chief financial officer for West Geauga Schools from 2001 to 2004. Additionally, he served as a controller for the Help Foundation in 2001 and as a financial controller for the Cleveland San Jose Ballet between 1997 and 2000. Mr. Babb’s time with the ballet company was marked by challenges due to fiscal disagreements, yet it underscored his ability to manage complex financial situations.
From 1995 to 1997, Mr. Babb was a fiscal manager for the Empowerment Zone in the City of Cleveland, where he oversaw management initiatives aimed at revitalizing urban areas. His earlier career included a notable tenure as financial controller for the Cleveland Housing Network from 1987 to 1995. During this period, Mr. Babb successfully contested a $200 million revenue claim by city officials, ultimately securing a favorable ruling that fostered a collaborative relationship with the city of Cleveland.
Mr. Babb’s foundational experience began at Standard Oil Company Inc., where he started working in 1987 as a contract administrator and auditor. This role provided him with invaluable insights into corporate finance and auditing practices. Complementing his professional journey, Mr. Babb shared his knowledge as an adjunct instructor at John Carroll University from 2014 to 2022, further solidifying his reputation as an expert in finance.
In preparation for his future, Mr. Babb received a bachelor’s degree in accounting from the University of Akron in 1980 and a master’s degree in nonprofit administration from John Carroll University in 2014. His designations include holding a public school treasurer license from the Ohio Department of Education and Workforce since 2001, a notary public license in Cuyahoga County since 2018, and credentials as a certified public accountant by the Ohio Accountancy Board since 2019.
Beyond his professional achievements, Mr. Babb is actively involved in civic organizations, such as Saint Peter Roman Catholic Church in downtown Cleveland. Reflecting on his remarkable career, he attributes his success to honesty. He emphasizes that the only aspects of life people can truly control are their behavior and reputation. Mr. Babb also emphasizes the importance of transparency, ensuring that those working with him understand their responsibilities and maintaining an open-door policy.
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