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 Solutions

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 Data platform for assessing nonprofit financial health and fostering dialogue among all stakeholders WHAT health, making data driven decisions and involved in making social impact informing grantmaker-grantee dialogue Who: Private and public grantmakers/donors, Nonprofit organizations, private and public nonprofit organizations, philanthropic advisors, WHO grantmakers, individual donors, philanthropic consultants and media advisors, and consultants Draws data directly and automatically from How: Private and public grantmakers/donors, IRS Forms 990,* presenting complex nonprofit organizations, philanthropic advisors, HOW information in an easy-to-analyze and consultants and media 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 “My organization financial trends and indicators never thought about strategically and proactively planning  To provide historical context to inform its financial future future budgeting and planning until I presented them with Financial SCAN. Executive Director,  To benchmark with peer organizations , Diversified Community Services, assessing financial similarities and Philadelphia, PA differences within and across sectors, sizes and markets  To engage in conversations with staff, board members, and funders about recent dynamics and current needs

Financial SCAN demonstration

Q&A

Thank you! Peter Kramer Associate Director, Advisory Services Nonprofit Finance Fund 212-457-4735 pkramer@nff.org Cody Cassady Marketing & Outreach Coordinator GuideStar USA ccassady@guidestar.org To learn more: www.guidestar.org/financialSCAN 8 nonprofitfinancefund.org