Honorable Henry T. (Hank) Wilfong Jr., MBA, CPA
An advocate for small businesses for over 20 years, Henry T. (Hank) Wilfong Jr. founded the National Association of Small and Disadvantaged Business in 1987 after his return from serving in the Ronald Reagan Administration. The NASDB has nearly 300 small, minority firm members and is a trade association that seeks the full involvement of minority-owned high-tech firms in mainstream American business.
Mr. Wilfong Jr. began his career serving his country in the U.S. Army as a staff sergeant, and was honorably discharged in 1956. After his military service, he received his bachelor of science degree and was the first African-American to receive a master of business administration from the UCLA School of Business. He graduated with honors and was selected to Beta Gamma Sigma, the honorary scholastic society.
Owner of the second largest Black CPA firm, Henry Wilfong Jr., MBA, CPA, specialized in audits of the construction industry and governmentally funded programs and municipalities. These included audits of the city of Los Angeles, county of Los Angeles, Los Angeles International Airport, and Southern California Rapid Transit District. Mr. Wilfong’s firm pioneered the practice of joint venturing minority CPA firms with larger majority CPA firms: Coopers & Lybrand; Peat, Marwick, Mitchell & Co.; and Touche Ross.
In 1992, he was appointed to chair the NASA Minority Business Resources Advisory Committee (NMBRAC). Daniel S. Goldin, the longest-tenured administrator at NASA, gave Mr. Wilfong tacit instructions to, “create the best small disadvantaged business (SDB) program in the government.” Today, NASA’s SDB program is among the best anywhere. In a 1995 interview with MBE Magazine, President Bill Clinton cited NASA’s SDB Program as “exemplary.”
Mr. Wilfong Jr.’s notable achievements include twice being selected as chair of the Los Angeles County Task Force. He was successful in eradicating a $110 million-dollar shortfall for the Southern California Rapid Transit District FY93 budget. He secured a contract with the International Space Station Alpha (ISSA) to devise a working plan by which NASA could dramatically improve the SDB’s involvement with the Space Station project. The Space Program improved its SDB gures by almost 100% since the initiative began in 1994.
In 2000, he served on the Bush-Chaney transition team and was given the unique opportunity to influence the overall transition policy effort. He was elected as a city councilman in Pasadena, California. In 2004, he received the Asian American Business Roundtable Lifetime Achievement Award.
His past and present civic and professional affiliations include: National Association Small Disadvantaged Businesses; former associate administrator, SBA; former chair, NASA Minority Business Resource Advisory Committee; NASA Advisory Council; Presidential Task Force on International Private Enterprise; National Council For Policy Review (Black Capitalism Committee); founder, former president, National Association of Minority CPA Firms; National Business League; NAACP Life Member; National Urban League; C.O.R.E.; founder, Afro-American Leadership Council.