Credit & Balance Sheet Stress Testing
Custom stress frameworks for debt issuance, revolvers, and post-shock scenarios — built to survive board, regulator, and rating-agency scrutiny.
Ruffner Heitger Enterprises LLC
Stress-tested thinking forhigh-stakes capital decisions.
Independent infrastructure finance advisory for executives, boards, and federal stakeholders navigating large, scrutinized, and often politically charged capital commitments.
$22B
in IIJA funding shaped through grant terms & oversight
$9B
Northeast Corridor grants evaluated and awarded
$3B
annual capital portfolio led at Amtrak FP&A
$5B+
in legislative savings supported at The Pew Charitable Trusts
About the practice
Twenty years inside the rooms where infrastructure capital actually moves.
Ruffner Heitger Enterprises is the independent practice of Nick Heitger, a finance, analytics, and policy professional whose career spans corporate FP&A, federal oversight, and non-profit policy work in Washington, D.C.
The work sits where corporate finance, federal grant programs, and infrastructure delivery collide — the same intersection that shaped roles at Amtrak, the Federal Railroad Administration, The Pew Charitable Trusts, Fannie Mae, and CSC (now General Dynamics).
Clients get a sole-contributor practice with a federal-grade standard of work: stress-tested models, defensible methodology, and communication built for executives, boards, and congressional staff.
What I do
Three engagements, one standard of rigor.
Capital Planning & Portfolio Strategy
Multi-year capital portfolios reshaped around constraint, return, and political reality. From $3B portfolios to single-project investment cases.
Federal Grant Finance & Oversight
Grant terms, conditions, and financial oversight for infrastructure programs. IIJA, FSP-NEC, and DOT-grade compliance built in from day one.
New engagements