March 3, 2016 We believe that financial health supports impact - - PowerPoint PPT Presentation
Cody Cassady Marketing & Outreach Coordinator GuideStar Peter Kramer Manager Nonprofit Finance Fund March 3, 2016 We believe that financial health supports impact Sound Financial Health Strong Organizations Quality Programs Effective
Cody Cassady Marketing & Outreach Coordinator GuideStar Peter Kramer Manager Nonprofit Finance Fund March 3, 2016
Effective Solutions Sound Financial Health Strong Organizations Quality Programs
We believe that financial health supports impact
When it comes to finance, nonprofits face common challenges
Knowing which metrics to focus on for assessing
financial health
Having the time and skills to collect, parse, and
report financial data
Communicating your financial situation and resource
needs
Financial SCAN at a glance
What: Data platform for assessing nonprofit financial health and fostering dialogue among all stakeholders involved in making social impact Who: Private and public grantmakers/donors, nonprofit organizations, philanthropic advisors, consultants and media How: Private and public grantmakers/donors, nonprofit organizations, philanthropic advisors, consultants and media
WHAT Data platform for assessing nonprofit financial health, making data driven decisions and informing grantmaker-grantee dialogue WHO Nonprofit organizations, private and public grantmakers, individual donors, philanthropic advisors, and consultants HOW Draws data directly and automatically from IRS Forms 990,* presenting complex information in an easy-to-analyze and communicate format (350K+ orgs)
*Note: Financial SCAN does not include data from Forms 990 EZ
What’s in a Financial SCAN?
Organizational Dashboard: Five years of key financial trends and ratios Graphs & Explanatory Text: More detailed overview of an organization’s:
Expenses Revenue Profitability Balance Sheet Liquidity
Peer Comparison Dashboard: Select peer organizations for financial benchmarking
How are nonprofit leaders using Financial SCAN?
To provide a clear visual display of
financial trends and indicators
To provide historical context to inform
future budgeting and planning
To benchmark with peer organizations,
assessing financial similarities and differences within and across sectors, sizes and markets
To engage in conversations with staff,
board members, and funders about recent dynamics and current needs
“My organization never thought about strategically and proactively planning its financial future until I presented them with Financial SCAN. Executive Director,
Diversified Community Services, Philadelphia, PA
Financial SCAN demonstration
nonprofitfinancefund.org 8
Thank you!
Peter Kramer Associate Director, Advisory Services Nonprofit Finance Fund 212-457-4735 pkramer@nff.org
To learn more: www.guidestar.org/financialSCAN
Cody Cassady Marketing & Outreach Coordinator GuideStar USA ccassady@guidestar.org