Are you able to tell your financial story comprehensively and compellingly? Do you have the information you need to analyze your organization's financial health—and a clear, easy-to-understand way to convey this information to your board, employees, funders, and other supporters? GuideStar has partnered with Nonprofit Finance Fund (NFF) to develop Financial SCAN, a sophisticated analysis that helps nonprofits—and their supporters and advisors—incorporate financial health insights into decisions that advance your organization's program goals and mission success. Join Peter Kramer of Nonprofit Finance Fund to learn more about how Financial SCAN can help your organization. Presenters: Peter Kramer, Senior Associate, National Consulting Services, Nonprofit Finance Fund, and Usma Ziard, Senior Marketing Director, GuideStar

2. We believe that financial health
supports impact
Sound Financial Health
Strong Organizations
Quality Programs
Effective Solutions

3. 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

4. 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

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:
Comparison with up to five peer
nonprofits you select

6. What are nonprofit users saying?
 Presents numbers in an accessible, holistic
“My organization
way along with definitions and text never thought about
strategically and
proactively planning
 Helpful for communicating recent financial its financial future
past with the Board and funders until I presented them
with Financial SCAN.
Executive Director,
 Allows for clear and comprehensive Diversified Community Services,
comparison with peer organizations Philadelphia, PA
 Generating the report is quick and easy
 Looking at trends and benchmarking peers
can help us plan for the future

7. How are nonprofits using Financial
SCAN?
One nonprofit leader says they lean on the report’s
graphs to help communicate past trends
Uses include: Regularly used by:
 Reference for planning,  Executive Director,
 Communicating financial  Development Director, and
needs to external audiences,  Board Finance and Executive
 Board review Committees
They already plan to make changes that will result in a
better cash reserve and cashflow management process

8. Financial SCAN Demonstration

9. Thank you!
Peter Kramer
Senior Associate, Consulting Services
Nonprofit Finance Fund
617-204-9772
peter.kramer@nffusa.org
To learn more:
www.guidestar.org/financialSCAN
nonprofitfinancefund.org 8