The Cultural Data Project (CDP) is excited to announce the launch of our newest tool for arts and cultural organizations. Developed with financial experts at Nonprofit Finance Fund (NFF) and powered by CDP data, the Financial Health Analysis helps participating organizations do more with their data by providing fresh context with which to understand, assess, and talk about their financial picture.
Available beginning May 22nd, the NFF Financial Health Analysis (FHA) is a suite of reports that provides an in-depth look at an organization’s financial strengths, weaknesses, and business dynamics. Organizations can use it as an annual financial health “check-up” and as a financial guide for strategic and business planning.
Click the image below to watch a brief video on the NFF Financial Health Analysis (90 sec.)
The FHA also serves as a vital communications tool, suggesting language to help arts organizations communicate their needs to funders and inform staff, board members, and other stakeholders about their financial stability. The Financial Health Analysis digs deeply into an organization’s data to help reveal a comprehensive financial story.
The FHA is a free tool for arts and cultural organizations participating in the Cultural Data Project, and we at the CDP hope the Financial Health Analysis will be the first in a series of resources developed in collaboration with experts in the field. These resources will provide additional perspectives and analysis of an organization’s CDP data, and represent our continuing effort to create more tools to ensure the vitality of the arts and cultural sector.
The Financial Health Analysis is a collaboration between the Cultural Data Project and Nonprofit Finance Fund, funded in part by the William Penn Foundation.