Financial Health Questionnaire

Email*

example@example.com

1. How many people are actively involved in managing your day-to-day financial processes?*

12-45 or more

2. How overwhelmed is the person or team in handling these responsibilities?*

They are barely treading waterIt ebbs and flows with the time of the monthIt's under controlThey are rocking it

3. How confident are you in the expertise and skill of the persons managing the finances?*

I love them on the team, but they're in the wrong positionThey can do the job if someone guides themI'm confident they know what they're doing

4. How clear is the financial picture of your organization?*

I have no idea where our money came from or where it went and how much money we have left at the end of the monthGenerally speaking, I understand our financial situation, but I need some clarity in a few areasI know where every dollar is coming from and going, and our financial picture is crystal clear to meI am confident that our entire leadership team understands our financial situation

5. How frequently are you receiving statements and updates on your finances?*

Weekly - I prefer updates as often as possibleMonthly - I am happy to see reports by 10-15 days after the previous month closesQuarterly - We are usually a couple of months behind, but I eventually get somethingGood question! We don’t have a reporting schedule

6. Do you have an annual budget, and do the individuals responsible for each department receive reports that allow them to spend responsibly?*

No, we don’t have a budgetWe have a budget, but departments are not updated regularlyWe have a budget in place, and our leaders are spending responsibly

7. Do you have an efficient process for accurately coding credit card transactions and filing receipts?*

We don’t have a credit card. We reimburse our staff or use a debit cardWe struggle with this task and often have to hunt down receipts from cardholdersWe have a good system in place

8. Do you understand the difference between restricted and designated funds and accurately track those in the books?*

I’m not sure I understand the differenceI understand the difference, but I am not confident we track the funds wellI’m confident we handle these funds well

9. How often do you worry about having the cash to make payroll or other bills? *

This is a constant concernWe always pay our bills, but we sometimes have to delay paymentsThis is never a concern

10. Do you regularly evaluate spending and strategize ways to cut costs so that you can be efficient in funding your current and new endeavors?*

No, we have a hard time knowing what we’ve spent, let alone looking to the futureWe try, but we never seem to find ways to cut costsYes, this is an exercise we successfully engage in regularly

11. Our financial policies are documented.*

We don’t have any policiesWe have some policies, but they’re not written downWe have some policies written down, but more policies need to be createdOur finance team is full of rockstars, and this work is all done

12. Do you have an internal or external audit completed annually?*

NoYes

13. Do your debts preclude you from having the resources you need to accomplish other parts of your mission?*

No, we don’t have any debtsNo, we easily make our debt payments, and we have enough funds for other key initiativesOur debt payments consume too much of our resources

Total point is