Financial Management |
Enter your school’s data into BIIS between now and Friday, October 11.
Independent schools often contact Mary Kay Markunas seeking benchmarks such as percent of total spending on administrative costs, percent of revenues from fundraising and average debt load. The answer, NBOA’s director of research and member resources explained, is NBOA’s BIIS, which provides streamlined data actionable to the business office. Any member school that enters data has access to national data sets that can be broken into different cohorts and comparison groups. “We can’t help you unless you help us,” by entering data, explained Markunas.
In addition, schools that meet the October 11 data collection deadline will be able to use the newly improved NBOA Financial Dashboard to easily access key markers financial sustainability markers, as well as NBOA's Composite Financial Indicator Calculator that helps administrators assess their school’s financial health over time and communicate strengths and challenges with board members.
Still on the fence? Seven reasons to participate:
Enter your school’s data into BIIS between now and Friday, October 11.#Planning#Budget
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