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Improved Data Accuracy, Faster Reporting Shifts Financial Management Culture at Bay Area Nonprofit

Break-Even Point Analysis Key to Effectively Allocating Resources

Because of the flexibility of Adaptive Planning, I can now do a lot of what-if planning and what-if scenarios to see where we're going, what programmes are effective, and what programmes are worth keeping.

Enrico "Rico" Hernandez, Chief Financial Officer, Lincoln Child Centre

  • Lincoln Child Centre has served surrounding communities in the San Francisco Bay Area for more than 100 years, but the nonprofit needed a solution for managing finances in the modern age. Effectively allocating resources to strengthen programmes for children and families required immediate financial insight. Adaptive Planning, part of the Adaptive Suite, put the nonprofit’s mission first. Nimble reporting fueled faster what-if scenario planning and quicker processes, such as the monthly close. These capabilities, along with strengthened confidence in data accuracy and budget collaboration, became vital in ensuring a viable future for the Lincoln Child Centre and the families it serves.

    Challenges

    • Lacked budget collaboration across the organisation
    • Needed more visibility into operating costs, such as a break-even point for programmes
    • Desired immediate insight into what-if scenarios

    Results

    • Reduced monthly close by two days, allowing more time for data analysis
    • Increased focus on strategy rather than tactics
    • Improved collaboration and budget accountability changed company culture
  • About:
    Lincoln Child Centre promotes the resiliency and success of children, youth and families impacted by trauma, poverty and other challenging socioeconomic circumstances. Founded in 1883 as the first integrated orphanage in Northern California, Lincoln now serves approximately 4,000 children and youth through school, home, and community-based services.
    Location:
    Oakland, CA
    Industry:
    Nonprofit