A dashboard allows a nonprofit to monitor both the effectiveness of this enterprise or business model, as evidenced by the organization’s financial health, and the impact of the programs and services being provided.
The process of developing a powerful organizational dashboard should be inclusive and based on strategy, but the metrics should be sparing—with a laser-like focus on the organization’s key drivers. And all of the above must be presented on a clear, easy-to-scan platform.
A dashboard must do the following:
• Align definitions of success across the organization
• Encourage dialogue about progress toward goals
• Facilitate timely identification of successes and challenges
• Ground decisions in concrete data and evidence
• Illuminate relationships between different activities
Successful dashboards also do the following:
• Effectively communicate strategic-level results
• Present data in a user-friendly visual format
• Create a snapshot of current status as well as trends over time
• Clearly show performance against defined targets
• Highlight out-of-the-ordinary results
• Include a manageable set of key performance indicators (KPIs)
Download our free whitepaper to get the full guide on how to build a powerful and strategic nonprofit dashboard.
Learn how you can maximize communication and transparency with a clear & easy to scan platform
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With over 19 years working exclusively with nonprofits, we pride ourselves in having a unique understanding of nonprofit accounting needs. We believe that nonprofits deserve personalized, quality service and should not settle for a one-size-fits-all approach. We collaborate with you to provide a fully virtual and customized solution that is not only cost-effective but also strengthens your accounting function. We offer a team of industry experts at your disposal to provide advice, leading technology, and to supplement existing staff to improve efficiency and compliance.