Lorraine L. Coates

Certified Public Accountant | Financial Strategist

Lorraine L. Coates

Professional Overview

Lorraine L. Coates is a Certified Public Accountant (CPA) and financial strategist dedicated to ensuring the fiscal excellence and sustainable growth of family enterprises. Her expertise in financial management, accounting principles, and strategic financial planning provides essential support to the Coates family's multiple business ventures and investment portfolio.

Professional Focus: CPA providing strategic financial guidance, business accounting, and fiscal management expertise.

Expertise & Credentials

As a Certified Public Accountant, Lorraine brings professional credentials and expertise including:

  • Financial Accounting: Rigorous application of Generally Accepted Accounting Principles (GAAP)
  • Business Accounting: Comprehensive accounting systems for commercial operations
  • Tax Strategy: Optimization of tax positions for business entities
  • Financial Analysis: Deep analysis of financial statements, trends, and performance
  • Budget Planning: Development of financial forecasts and strategic budgets
  • Audit & Compliance: Ensuring regulatory compliance and financial accuracy

Role in Family Enterprises

Lorraine's work as CFO-equivalent for family enterprises is critical to their success. Her responsibilities include:

  • Financial Oversight: Maintaining accurate records and ensuring fiscal responsibility
  • Strategic Planning: Developing financial strategies aligned with business objectives
  • Cash Management: Ensuring adequate liquidity and working capital
  • Investment Decisions: Providing financial analysis for major capital and investment decisions
  • Stakeholder Reporting: Communicating financial performance to investors and stakeholders
  • Risk Management: Identifying and managing financial risks

Financial Stewardship

At Coates International and across family investments, Lorraine serves as a steward of financial resources. This responsibility extends beyond simple bookkeeping to strategic financial decision-making that impacts the company's ability to fund research, develop new technologies, and pursue growth opportunities.

Excellent financial management provides the foundation upon which innovative organizations like Coates International can thrive, enabling investment in R&D, attraction of top talent, and pursuit of breakthrough technologies.

The Essential Financial Function

While George's engineering innovations and Gregory's research leadership drive technological advancement, Lorraine's financial expertise ensures organizational sustainability. No organization can pursue long-term innovation without financial stability and sound fiscal management.

Lorraine's work exemplifies how different professional disciplines—in this case, accounting and financial management—integrate to create successful organizations. Financial expertise is as essential to organizational success as technical innovation.

Family Business Integration

Lorraine demonstrates the importance of professional expertise in family enterprises. Rather than operating informally, successful family businesses integrate professional accounting practices, financial controls, and strategic planning. Her CPA credentials and professional standards bring accountability and rigor to family financial management.