Data for Financial Resilience
Sones de México
Juan Dies was a musician with little experience in nonprofit accounting when he co-founded Chicago-based Sones de México Ensemble, which is dedicated to Mexican regional folk music. He quickly saw a need to sharpen his skills in financial tracking and analysis.
Analyzing Sones' revenue patterns over time gave him and his board the understanding of Sones' business structure, and the value of new revenue streams that could offset unpredictable performance and album sales revenue.
Today, Sones de México continues to use data to help them understand how all their programs, including a new music school, work together to support both their mission and their bottom line.
Next steps:
- Watch this three-minute video on analyzing your revenue mix to help you understand your organization and better plan for the future.
- Take our free online course Strength in Numbers: Financial Data Essentials to learn the basics of understanding your finances.
- If you participate in the Cultural Data Profile, you can review changes to your revenue over time with DataArts' revenue trend report. See sample (below).
- Sample Revenue Trend Report.pdf
- Free online courses: Data Literacy for Arts Professionals
- Blog Post: Getting Smart with Arts Data
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