Scott Menzel Product & User Experience Manager GuideStar Peter Kramer Manager Nonprofit Finance Fund January 30, 2014

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 (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

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Thank you! Peter Kramer

Manager, Advisory Services Nonprofit Finance Fund

617-204-9772 peter.kramer@nffusa.org

To learn more:

www.guidestar.org/financialSCAN