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The Rise of the Data-Driven Nonprofit Finance Leader: How nonprofit finance leaders can drive strategy and performance with data-driven decision making

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13 13 Go Beyond GAAP Reporting with Multi-Dimensional Analysis Data-driven nonprofit organizations make the GL the center of their data strategy. The GL already contains the key financial information needed to create GAAP financial reports, including an organization's income statement, balance sheet, and financial ratios. By enhancing the GL with non-GAAP statistical data, nonprofits can track and report on key metrics that reflect your organization's success in accomplishing your mission. Multi-dimensional analysis brings together your financial data with important operational and funding data to give wider visibility across your organization. Decision Support Non-financial metrics could reflect program delivery, such as headcount or labor hours from an HR system. Or you may want to measure and report on the impact your organization makes in terms of meals served, patients treated or educational courses delivered. You could also include donation and funding data from your donor management system.

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