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GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice
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GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Grantmaking Practice

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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 …

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 Financial SCAN can help your institution save time and add insights to your grantmaking process and conversations with nonprofits.

Published in: Business, Economy & Finance
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  • 1. Scott Menzel Product & User Experience Manager GuideStar Peter Kramer Manager Nonprofit Finance Fund January 30, 2014
  • 2. We believe that financial health supports impact Sound Financial Health Strong Organizations Quality Programs Effective Solutions
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. Financial SCAN 2.0: New Features!  Excel Download  Peer Group Comparison  Customized Enterprise Access  7 Day Nonprofit Access
  • 7. 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.”
  • 8. Financial SCAN demonstration
  • 9. Q&A
  • 10. Thank you! Peter Kramer Manager, Advisory Services 617-204-9772 peter.kramer@nffusa.org To learn more: www.guidestar.org/financialSCAN 9

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