Measuring Financial Health of Non-Profits: A Data Analysis Initiative with Corelytics
If non-profits were able to analyze their financial data and predict future trends, would they know whether they are on the road to fiscal health or financial failure? Using historical accounting data on non-profit organizations from the Corelytics financial dashboard, we undertook an observational study that identifies key indicators of financial health in non-profits. A novel ranking system was created through appraising each non-profit on key metrics identified and weighted through qualitative research conducted using interviews with industry experts. We provide recommendations to Corelytics on how they can improve their services to non-profit clients, and to non-profits on how to better use Corelytics to track key financial health metrics. The services provided by these non-profits to the communities they reach out to can ultimately be improved through this informed and scientific approach to tracking their fiscal health.
Anupama Garimella
MSIM
Akhila Chitiprolu
MSIM