Published on February 4, 2014
Scott Menzel Product & User Experience Manager GuideStar Peter Kramer Manager Nonprofit Finance Fund January 30, 2014
We believe that financial health supports impact Sound Financial Health Strong Organizations Quality Programs Effective Solutions
When it comes to nonprofit finance, funders face common challenges: Knowing which metrics to focus on for assessing financial health Having the time and skills to collect, parse and apply financial data to inform grantmaking decisions Fostering a candid dialogue with grantees about financial health and resource needs
Financial SCAN at a glance What: Data platform for assessing nonprofit financial Data platform for assessing nonprofit financial WHAT health and fostering dialogue among all stakeholders health, decision making, and informing involved in making social impact dialogue grantmaker-grantee Who: Private and public grantmakers/donors, Nonprofit organizations, private and public WHO nonprofit organizations, philanthropic advisors, grantmakers, individual donors, philanthropic consultants and advisors, and consultants media Draws data directly and automatically from How: Private and public grantmakers/donors, IRS Forms 990,* presenting complex nonprofit organizations, philanthropic advisors, HOW consultants and information in an easy-to-analyze and media communicate format (313K orgs) *Note: Financial SCAN does not include data from Form 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: Users select peer organizations for financial benchmarking
Financial SCAN 2.0: New Features! Excel Download Peer Group Comparison Customized Enterprise Access 7 Day Nonprofit Access
What are grantmakers saying? Reveals trends and critical information about surpluses, deficits, debt, liquidity, and restricted funds Allows for consistent analysis while offering context and accessible narrative Helps identify strengths and raise red flags, informing conversation among ourselves, and with our grantees Will help us present to our board the financial issues our grantees are dealing with Saves us time and resources “We have a small staff, “Financial SCAN so adding an in-depth helps us manage financial review to our our financial due diligence was close analysis in a to impossible. With It’s systematic way. Financial SCAN, it’s tool a very valuable almost as if didn’t have that we we hired a part-time before.” staff member to do financial analysis for us. It’s really streamlining our efforts in a tremendous way.”
Financial SCAN demonstration
Thank you! Peter Kramer Manager, Advisory Services 617-204-9772 firstname.lastname@example.org To learn more: www.guidestar.org/financialSCAN 9
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