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We believe that financial healthsupports impact            Sound Financial Health             Strong Organizations        ...
Some common financial “pain points” across the sector… It’s difficult to know what metrics to focus on for  assessing fin...
Financial SCAN At a Glance      What: Data platform for assessing nonprofit financial                      Data platform f...
What’s in a Financial SCAN?Organizational Dashboard: Fiveyears of key financial trends and ratiosfor a selected organizati...
What are grantmaker users saying? Reveals trends and critical information about     “We have a small staff,              ...
How are grantmakers using FinancialSCAN?Program officers at one foundation use Financial SCANas a key component of their d...
Financial SCAN Demonstration
Thank you!   Peter Kramer   Senior Associate, Consulting Services   617-204-9772   peter.kramer@nffusa.orgTo learn more:ww...
GuideStar Demo (02/26/13) - Financial SCAN for Grantmakers
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GuideStar Demo (02/26/13) - Financial SCAN for Grantmakers

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Researching a potential or current grantee's financial dynamics can be time-consuming. The lack of a consistent, objective method to analyze and compare nonprofit finances makes this task even more challenging. GuideStar has partnered with Nonprofit Finance Fund (NFF) to develop Financial SCAN, an online platform and report that draws multi-year financial data directly from nonprofits' IRS Forms 990, presenting a standardized and comprehensive analysis of an existing or potential grantee's financial well-being. Join Peter Kramer of Nonprofit Finance Fund to learn more about how Financial SCAN can help your grantmaking process.

Presenters: Peter Kramer, Senior Associate, National Consulting Services, Nonprofit Finance Fund, and Usma Ziard, Senior Marketing Director, GuideStar

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Transcript of "GuideStar Demo (02/26/13) - Financial SCAN for Grantmakers"

  1. 1. We believe that financial healthsupports impact Sound Financial Health Strong Organizations Quality Programs Effective Solutions
  2. 2. Some common financial “pain points” across the sector… It’s difficult to know what metrics to focus on for assessing financial health Financial data collection, reporting, and analysis is time and skills intensive Communicating a financial situation and resource needs can be challenging
  3. 3. 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, decision making, and informing involved in making social impact dialogue grantmaker-grantee Who: Private and public grantmakers/donors, Nonprofit organizations, private and public nonprofit organizations, philanthropic advisors, WHO grantmakers, individual donors, philanthropic consultants and media and consultants advisors, How: Private and public grantmakers/donors, Draws data directly and automatically from IRS Forms 990,* presenting complex nonprofit organizations, philanthropic advisors, HOW information in an easy-to-analyze and consultants and media communicate format (313K orgs)*Note: Financial SCAN v. 1.0 does not include data from Form 990 EZ
  4. 4. What’s in a Financial SCAN?Organizational Dashboard: Fiveyears of key financial trends and ratiosfor a selected organizationGraphs & Explanatory Text: Moredetailed overview of the nonprofit’s:  Expenses  Revenue  Profitability  Balance Sheet  LiquidityPeer Comparison Dashboard:Comparison with up to five peernonprofits you select
  5. 5. What are grantmaker users saying? Reveals trends and critical information about “We have a small staff, “Financial SCAN surpluses, deficits, debt, liquidity, and so adding an in-depth helps us manage restricted funds financial review to our our financial due diligence was close analysis in a to impossible. With It’s systematic way. Allows for consistent analysis while offering Financial SCAN, it’s tool a very valuable almost as if didn’t have that we we hired a context and accessible narrative part-time before.” staff member to do financial analysis Helps identify strengths and raise red flags, for us. It’s really streamlining our efforts informing conversation among ourselves, and in a tremendous way.” with our grantees Will help us present to our board the financial issues our grantees are dealing with Saves us time and resources
  6. 6. How are grantmakers using FinancialSCAN?Program officers at one foundation use Financial SCANas a key component of their diligence process Uses include: Regularly used by: First look at applicants  Program staff Means of identifying areas of  Grants administrators deeper analysis  Trustees Component of board packetsThey make frequent use of single-page FinancialHealth Dashboards and are beginning to run analysesusing grantee-provided peers
  7. 7. Financial SCAN Demonstration
  8. 8. Thank you! Peter Kramer Senior Associate, Consulting Services 617-204-9772 peter.kramer@nffusa.orgTo learn more:www.guidestar.org/financialSCAN 8
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