New Tools to Help Tell Your Nonprofit’s Financial Story
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
- 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