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.
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GuideStar Webinar (01/30/14) - Weaving Financial Data Into Your Nonprofit's Story
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 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
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, 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
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: Select
peer organizations for financial
benchmarking
6. 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
7. Financial SCAN 2.0: New Features!
Excel Download
Peer Group Comparison
Customized Enterprise Access
7 Day Nonprofit Access