We gathered via Zoom to do a few things:
A few key conversation threads:
Meeting participants included Anna Hartman, Jenna Turner, Amy Gudgeon, Michael Halpern, Shelli Patt, Alan Brown, Bonnie Neubauer, Cherene Radis, Elizabeth Foster, Janet Sear, Jean Losek, Lisa Spewak, Lorrie Appleby, Michael McCarthy, Ray Sherman, Roger Wolf, Saralyn Peritz, Sasha Kopp, Scott Aaron, Shelli Patt, Susie Wexler, Turhan Karabey, and Zahava Berman.
We are getting closer! This is our last meeting before we go behind the scenes, code the survey, and then do some beta testing. We came up with some very cool ideas, like estimating the hourly tuition. This will let us do some comparisons across sites (though we know there are some assumptions baked into our calculations). Next step is to test the tool and then we hope to start data collection in late August!
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.
During our August meeting, the Task Force helped refine the Request For Proposal (RFP) that we intend to send out in the fall. We both strengthened and clarified the RFP while also prioritizing the data points that we hope to see addressed in the final report. In the coming weeks we will send out the RFP. If you are interested in reviewing the proposals, please let Kate know.
On July 16th, 2018 we kicked off the Business Model Task Force. This group, comprised of directors and lay leaders is charged with helping to identify a number of sustainable business models that our system can try to emulate.
During the meeting we examined data that helped illuminate some of the operational pain points that the schools experience. We then went through protocols to help