Bernstein Launches Nonprofit Financial Health Assessment Tool
Bernstein Private Wealth Management has introduced a new digital tool to help nonprofits assess their financial health and improve communication with stakeholders. The Nonprofit Financial Health Assessment evaluates six quantitative metrics, including administrative ratio and debt service coverage ratio, alongside three qualitative factors like revenue diversification and board governance. This resource is designed to support strategic planning by identifying strengths and risks while offering transparency for donors. The tool complements Bernstein's existing Reserves Analysis Tool, providing a more comprehensive view of financial resilience across operations, liquidity, and long-term sustainability. The launch follows research conducted with Indiana University’s Lilly Family School of Philanthropy, analyzing over 800,000 IRS Form 990s to establish nonprofit benchmarks. Bernstein's Foundation and Institutional Advisory team supports more than 1,000 organizations nationwide using this new tool. The initiative aligns with Bernstein's broader mission to provide tailored financial advice for nonprofits, foundations, philanthropists, and board leaders.
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Topics: digital tools financial health nonprofits stakeholder communication