Advancing Financial Goals with NBOA's Heat Map

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Please note: This workshop is available to NBOA members only, as it requires access to the BIIS data analysis platform.

The NBOA Financial Sustainability Heat Map is a tool that allows trustees and school leaders to quickly identify trends in key financial and operational metrics and see through a simple color-coding scheme whether they are trending up, down or holding steady. Join experts in independent school finance and data analysis, including the business officer who originally created the Financial Sustainability Heat Map, as you set up your school’s heat map in BIIS, identify the most important metrics to track, and determine the targets and ranges for the KPIs you select. We will use case studies to explore how benchmarking in BIIS can assist you in using the tool.

Recommended Audience: Heads of School, Business Officers, Controllers and Trustees from NBOA member schools that have completed BIIS/DASL data collection for one reporting year if not more.

Learning Objective(s): Learn how to use the NBOA Financial Sustainability Heat Map tool in BIIS and determine appropriate targets and ranges for the KPIs selected.

Pricing

Members: $320.00

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Credit Information

CPE Credit

Field of Study: Finance
Delivery Method: Group Live Based
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Recommended CPE Credits: 3.6

HRCI Credit

Recommended HRCI Credits: 3.0
HRCI Category: HR (Business)

SHRM Credit

SHRM PDC Credit: 3.0
SHRM BoCK: Analytical Aptitude

Instructors

Elizabeth Dabney

Senior Director, Research and Data Analysis

NBOA

Seattle, WA

As NBOA’s director, research and data analysis, Elizabeth Dabney leads the development, planning and management of industry research using data from the association’s Business Intelligence for Independent Schools (BIIS, pronounced “biz”) platform, in addition to other research activities as identified by the association’s strategic plan. Dabney’s research and analysis supports NBOA’s mission to inform NBOA members and other external stakeholders and encourage data-driven decision making throughout the independent school community. Dabney brings to NBOA more than 20 years of research experience. Previously, she was the director, research and policy analysis at the Data Quality Campaign, a nonprofit education policy and advocacy organization, and the nation’s leading voice on education data policy and use.

Full Bio »
Mary Kay Markunas

Mary Kay Markunas

Senior Director, Member Resources and Programs

NBOA

Glen Ellyn, IL

Mary Kay Markunas supports NBOA's full line of professional development offerings including the NBOA Annual Meeting, Business Officer Institute, webinars and online courses, and also provides resources and support to members. A former independent school business officer, she develops and delivers programs and content related to independent school business operations, leadership and governance, and nonprofit accounting practices. Markunas joined NBOA in early 2015 after serving as the director of finance and operations at The Avery Coonley School for 12 years. While a business officer, she served on the NBOA board of directors for five years (2010-2015). Before joining the independent school community, she worked in corporate finance at a global corporation and in engineering consulting.

Full Bio »
Chad Stacy

Chad Stacy

Director of The Robert W. Jurgensen Entrepreneurship Program

The Dunn School

Los Olivos, CA

For 12 years, Chad Stacy served as CFO at Dunn School, a 250-student day and boarding school for grades 6-12 in Los Olivos, California. In that time, he led the school to a position of greater financial strength, from the aftermath of the Great Recession through the COVID-19 pandemic. His creation and long-term use of a financial sustainability heat map has not only been key to Dunn’s financial health but has also helped other schools that picked up the tool after Stacy shared it in NBOA’s Net Assets magazine in 2016. In fall 2022, Stacy transitioned to serving as director of the Robert W. Jurgensen Entrepreneurship Program at Dunn. He had previously mentored student entrepreneurial efforts across campus, such as a student investment program, and in his current role, he oversees real world student-led consulting and business efforts. Before Dunn, Stacy served as director of finance at Literacy Pittsburgh for eight years, and he began his career as a certified public accountant at Ernst & Young. He has been a board chair, treasurer, trustee and vestry member for several nonprofit churches, arts and social services organizations.
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CPE Information
NBOA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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SHRM Information
NBOA is recognized by SHRM to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). Webinars that have met SHRM's criteria to be pre-approved for recertification credit will be noted above. For more information about certification or recertification, please visit www.shrmcertification.org.

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HRCI Information
NBOA is a recognized provider of recertification credits. Webinars that have met the HR Certification Institute's criteria to be pre-approved for credit towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification will be noted above.