Online Financial Health Assessment for Arts & Culture Nonprofits

NFF has partnered with the Cultural Data Project (CDP), an emerging national standard that gathers reliable data on the arts and cultural sector, to create a free online analysis and reporting tool. Our Financial Health Analysis (FHA) is an in-depth look at an arts organization’s financial condition over time. It is available for free to all users of the CDP – arts organizations and funders alike – in the 11 states where CDP operates. View a short video on the FHA below.

FHA_CDP

This new reporting suite is part of larger efforts by NFF and CDP to bring to the sector comprehensive, uniform and comparable data that can support improved communications and decision-making by arts leaders and their supporters. It is a starting point for dialogue to help strengthen the financial foundation supporting the creation of excellent art. Arts and culture organizations can use the analysis:

Sample cdp report

  • As an annual financial “check-up” for management & board
  • To communicate your financial story to funders
  • As a training resource for new staff & board members
  • To inform the annual budgeting & financial planning process
  • To educate program and/or “non-financial” staff about the nonprofit's financial health

The Financial Health Analysis draws on audited financial information available through the CDP and includes a dashboard, multi-year graphs and educational context about your data and its implications. By looking at operating performance, revenue dynamics, full costs, balance sheet health and liquidity, the reports help answer the question: what metrics should we look at and what do they mean for our organization?

Financial Health Analysis

  • Click below to learn more about the Financial Health Analysis.

Inquire about an NFF Loan

Funding for the Financial Health Analysis by Nonprofit Finance Fund’s Philadelphia Arts Initiative has been provided by the William Penn Foundation, a founding supporter of the Cultural Data Project.

 

Not in the CDP?

Financial SCAN, an online financial data platform we've developed in partnership with GuideStar, is available to all organizations that file the IRS Form 990. Learn more or purchase it here.

Related Articles