How Do Your Financials Measure Up?
Dust off those financial statements and put them to work! Our team at Blue Fox created this Magical Ratio Matrix to help your organization measure its financial health against industry standards.
So, how do you measure up? What are the red flags for each ratio? Is your organization in a healthy, sustainable position?
BUT FIRST! Before you start your calculations, make sure your financial data is current. Complete Step 1 on our Ultimate Financial Checklist. Check each box to ensure your data is squeaky clean. Remember: Accurate data = accurate insights = informed decision-making.
LET’S CRUNCH THOSE NUMBERS
How did it go? Are your ratios within the acceptable range? Did you get a red flag? If so, that’s okay. That’s important information to have. The question is: what are you going to do about it? Do you know what steps you can take to improve your nonprofit’s financial position?
If you have any questions about your results, our friendly team at Blue Fox will happily help. Feel free to schedule time with our CEO to get some answers.
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Blue Fox offers monthly back office financial services (bookkeeping, HR, payroll, tax) and financial consulting specific to social impact organizations. Our team members have broad expertise in the social impact space, with backgrounds as nonprofit leaders, board members and volunteers. The entrepreneurial spirit runs deep on our team. This means we manage your back-office from the same perspective as you would. Meet some of our clients!
Welcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy!
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