Due to a necessary reschedule in February, we held two Financial Metrics Taskforce meetings in March. It was a quick turn around! At the first meeting we re-introduced the idea of this taskforce and the goals for the initiative. We shared a high level view of the indicators we were looking to collect. By the second meeting we were able to share a more in-depth view of the indicators (including the metric data sources). The group had a chance to look through the indicators and decide: what would be really challenging to collect, what doesn't need to be collected, and what was missing. The group brought up some really great points, and we are well on our way to finalizing the indicators.
We have done a lot of work since this group last convened in October 2018! We have contracted with Studio Watershed and CoMetrics to help us with this work-stream. Our goal is to increase financial sustainability and efficiency by understanding each program's individual data and by building knowledge of industry best practices.
We had to reschedule our February meeting for early March. At this meeting we presented the indicators that we think we want to capture, and received feedback from the taskforce. Our next meeting is in a couple of weeks and we'll continue to refined our indicators and then discuss the data collection plan.