GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Nonprofit's Story

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Information about GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your...
Business & Mgmt

Published on February 4, 2014

Author: guidestar

Source: slideshare.net

Description

Join us for a half-hour live demonstration of Financial SCAN, an online financial analysis platform developed in partnership by NFF and GuideStar. Learn about new features for enhanced peer benchmarking and data customization, and how it can help your nonprofit with its communications, planning, and decision-making.

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 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 WHAT health and fostering dialogue among all stakeholders health, making data driven decisions and involved in making social grantmaker-grantee dialogue informing impact 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 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 engage staff, board members, and funders in conversations about recent dynamics and current needs  To map visually the organization’s financial story  To benchmark against peer organizations, assessing financial similarities and differences within and across sectors, sizes and markets  To provide historical context to inform budgeting and planning “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 2.0: New Features!  Excel Download  Peer Group Comparison  Customized Enterprise Access  7 Day Nonprofit Access

Financial SCAN demonstration

Q&A

Thank you! Peter Kramer Manager, Advisory Services Nonprofit Finance Fund 617-204-9772 peter.kramer@nffusa.org To learn more: www.guidestar.org/financialSCAN nonprofitfinancefund.org 9

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