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Steven Farrell
Works at Farrell and Associates LLC
Attends Thomas Edison State College
Lives in Clifton, New Jersey


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Steven F. Farrell

Having over 33 years experience in accounting and finance, I've heald the Chief Financial Officer position in a variety of companies.

Currently I am a "leased" Chief Financial Officer for The Barber Shop Studios Cutting Edge in Sound Design, a state-of-the-art recording studio in Hopatcong NJ; Waffle Makers Productions, a full-service music production company serving producers, professional songwriters, artists, and publishers worldwide; Dream Makers Music LLC, an owner of artist recording contracts, publishing companies, and joint venture development deals; Dream Makers MP3, an internet based music distribution and talent showcase for the up and coming musician in all genre of music; Dream Makers Music, a recording company; Riverstyx Properties LLC, a real estate holding and property management company. I am also the principal of Farrell and Associates LLC, a management and financial consulting firm that provides professional services to several high tech and entrepreneurial companies in Northern New Jersey.

My early business involvement was primarily in Fortune 500 companies. After a 10 year stint with   E. I. du Pont de Nemours and Company , I became interested in a more entrepreneurial environment with assignments ranging from biomedical research to computerized testing equipment for the military and other companies.

I holdsa BS degree in accounting and management science from Kean University and a MBA in finance from the Rand Graduate School of Business-Lincoln University Currently, Steve is working on an MS degree at Thomas Edison State College in the field of International Finance. I am also a Certified Business Manager and a member of the Institute of Management Accountants. I am a published author in the field of personal computers and accounting.

An Eagle Scout and Scoutmaster, I have been involved in the Boy Scouts of America for over 48.5  years. I am an Executive Officer and Treasurer and sit on the Board of Directors for the Northern NJ Council. Active in my community,I am also a member of the Rotary International.

  • Thomas Edison State College
    M.A. in Int'l Finance, 2009 - present
  • Kean University
    Accounting, 1978 - 1982
  • Lincoln University
    MBA - Finance, 1996 - 1998
Basic Information
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Business Management & Financial Consulting
Senior level financial executive with over 34 years of quantifiable achievement. Strategic and tactical expertise with strong qualifications in all areas of accounting and finance. Instrumental in achieving significant cost reductions, revenue and profit improvements through reengineering, team building, and leadership expertise. Skilled negotiator and analyst. Acquisitions experience. Consistently employ an energized, participative management style, encouraging motivation, teamwork, approachability, empathy, empowerment, and accountability.
  • Farrell and Associates LLC
    Financial Management and Consulting, 2002 - present
    SKILLS AND SERVICES RENDERED • Banking relationships , insurance, & non-organizational personnel to facilitate financial activities • Budgeting – monthly – quarterly & yearly • Business management • Cash management & treasury functions • Computer hardware, networking & software • Construction cost management • Cost accounting, ERP & MRP • Disaster recovery & business continuity planning • Due diligence performance, assessing performance improvement opportunities • Financial management & finance analysis • Financial reporting & statements in accordance with GAAP, local & state regulations • Inventory management & loss prevention expertise • Maintain and continue to cultivate longstanding relationships with banking, insurance, & accounting • Payroll processing & payroll tax filing • Trained in facility security, document sensitivity and anti-terrorism by the FBI, DOD & DOJ • Purchasing & price negotiation expertise • Possess a Secret Security Clearance – Vetted by The U.S. Defense Department Security Agency • Sarbanes–Oxley Act Compliance, Corporate Governance, Internal Control Assessments • Strategic planning for nonprofit & for-profit organizations • Systems integration to create opportunities & drive high performance • Tax planning to align company financial goals with tax efficiency & planning
  • Instrumentation Engineering Inc.
    Chief Financial Officer, 1999 - 2002
    Appointed as the first Chief Financial Officer for Instrumentation Engineering, Inc., a $200+ million dollar Sub-S corporation providing custom made Automated Test Equipment and System Integration for private industry and the military. Member of the management team and supervised a staff of 25. Successfully managed the hyper-growth and financial integrity of this privately held test engineering company that went from $4 million to $200 million in sales in 2 years while maintaining a solid 30% margin. All of this was accomplished without the need to borrow working capital or utilize any outside financing. Successful developing and implementing a company-wide project cost accounting system. Authored business plan and developed and implemented system of key-performer indicators. Held the position of Facility Security Officer, vetted by the U.S. Defense Department Security Agency receiving a SECRET security clearance. Trained in facility security, document sensitivity and anti-terrorism. Authored the company's first disaster recovery plan and. Trained key management for specific duties during recovery and continuity. Managed to a successful conclusion the sale of this company to a publicly held $13 billion contract manufacturer. Performed the due diligence and regulatory compliance, including the Hart-Scott-Rodino filing leading to the approval and successful sale of Instrumentation Engineering Inc. (purchased by (Flextronics International in 2002) Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns. Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies. Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties. Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards. Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes. Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals. Develop and maintain relationships with banking, insurance, and non-organizational accounting personnel to facilitate financial activities. Advise management on short-term and long-term financial objectives, policies, and actions. Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations. Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
  • Chock Full O'Nuts Coffee Company
    Corporate Accounting Mgr, 1995 - 1999
    Directly reporting to me were 28 accounting professionals. Also responsible for AP, AR and inventory control. I was responsible for monthly closings and the financial statements of this NYSE listed company. Provided expertise in the areas of inventory control and logistics for a multi-location distribution system. Responsible for inventory control spanning 38 locations with a combined value of $86 million dollars. Designed & implemented loss prevention controls and procedures reducing unexplained warehouse losses by 90%. Directed the valuation of inventory and assets on the closing date of the acquisition of a major manufacturer in the Midwest. Integrated their systems and product lines into Chock Full O'Nuts existing MIS systems. Maintained financial records and reports. Analyzed financial information. Prepared financial reports. Examined and analyzed accounting records and financial statements. Assessed records for accuracy, completeness and procedural compliance. Reported finances to management. Established tables of accounts. Assigned entries to correct accounts. Developed and revised accounting systems. Employed current computer technology. Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards. Report to management regarding the finances of establishment. Establish tables of accounts and assign entries to proper accounts. Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology. Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs. Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice. Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities. Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value and location of property. Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.
  • Hydromer, Inc.
    Chief Financial Officer, 1993 - 1995
    Hydromer Inc. is a publicly owned biotechnology-focused company engaged in the business of inventing, developing, patenting, licensing, manufacturing and selling hydrophilic polymer-based products in the Medical Devices, Pharmaceuticals, Transdermal drug delivery systems and Biotechnology Markets. In addition to my day-to-day duties, I was responsible for preparing the 10-K & 10-Q for the SEC. I wrote the Annual Report and handled the Annual Meeting. Acted as company liaison with the DEA that included oversight of internal diversion of regulated chemical & drug products
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Clifton, New Jersey
The Passaic County Clerk's office is very service orientated to the citizens of the County. Having multiple evenings available throughout the month and at different locations makes it easy to avail yourself of their services. They are friendly and knowledgeable, always willing to take that extra minute to explain in plain English what can be confusing to those of us not having that expertise. Having those extra evenings at the various County locations is great. You don’t have to worry about navigating those narrow Paterson streets and then try to find a non-existing parking space among the hundreds of other cars. Ms. Corrado and her staff provide an accessible and professional service to those of us living in Passaic County. Keep up the good work!
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Public - 3 years ago
reviewed 3 years ago
Great staff & value. Clean property and rooms. The free breakfast was a plus with a wide selection and a clean eating area.
Quality: ExcellentFacilities: ExcellentService: Excellent
Public - 3 years ago
reviewed 3 years ago
Good service & fair prices.
Quality: ExcellentAppeal: ExcellentService: Excellent
Public - 3 years ago
reviewed 3 years ago
5 reviews
Public - 3 years ago
reviewed 3 years ago
Nice family theatre.... clean, very nice employees, great candy selection. I've been going there since the 1960's and it still has the cleanest bathrooms I've ever seen.
Appeal: ExcellentFacilities: ExcellentService: Excellent
Public - 3 years ago
reviewed 3 years ago