The Age of Transparency and Accountability
Amid increasing demand for transparency and accountability, today’s nonprofits are seeking ways to both produce and to demonstrate successful outcomes.
Heightened expectations and heightened scrutiny come from several sources—including ever more-engaged funders looking for financial management techniques and principles employed by for-profit businesses.
To meet this demand, nonprofit organizations are embracing outcome metrics to measure and report their performance.
Outcome metrics not only show funders and constituents how the organization is performing; they also help pave the way for sustainable growth and greater efficiency.
What are Outcome Metrics?
Outcome metrics are powerful, essential tools for demonstrating accountability and transparency.
They can measure financial or non-financial criteria that reflect an organization’s, program’s, or initiative’s efficacy. They’re derived by carefully defining out com indicators, data-collection methods, analytical techniques, and presentation vehicles that collectively show a rich picture of organizational performance.
These outcome metrics may go by many names and fit in countless categories. Many nonprofits obtain their best results by measuring across multiple dimensions for blended scorecards that encompass activities, capacities, financial results, and other metrics. Ultimately, well-defined outcome measures help organizations to continuously adapt and improve.
Resource Sponsored By
Please fill out the form to access the content