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
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
When it comes to nonprofit finance, funders face common challenges:
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, decision making, 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 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
“Financial SCAN helps us manage
our financial analysis in a
systematic way. It’s a very valuable tool that we didn’t have
before.”
“We have a small staff, so adding an in-depth financial review to our due diligence was close to impossible. With Financial SCAN, it’s almost as if we hired a part-time staff member to do financial analysis for us. It’s really streamlining our efforts in a tremendous way.”
Financial SCAN demonstration
Q&A
Thank you! Peter Kramer
Manager, Advisory Services 617-204-9772
To learn more:
www.guidestar.org/financialSCAN
9