Nonprofit Sector

New Tools to Help Tell Your Nonprofit’s Financial Story

October 12, 2018

Originally published in Guidestar , October 12, 2018

Financial SCAN is now the Financial Trends Analysis tool, which can be accessed within GuideStar Pro.

This new tool can be used to explore:

  • Key financial indicators and trends
  • Profitability and progress toward full cost coverage (yes, nonprofits need surpluses to cover the full costs of delivering impact and keeping the lights on!)
  • Revenue and expense composition
  • Liquidity
  • Balance sheet composition

Click here to read more. 

Authors: Sandi Clement McKinley, Vice President, Advisory Services, Nonprofit Finance Fund; Scott Menzel, Senior Product Manager, GuideStar

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