Business Intelligence for Independent Schools (BIIS)

BIIS

Business Intelligence for Independent Schools (BIIS) is NBOA's signature data platform. Available exclusively to NBOA members, BIIS was designed by business officers, for business officers. It offers independent school leaders a comprehensive look at their financial health and sustainability metrics, as well as business office compensation and staffing information, all of which can be benchmarked against similar schools in a national data set.

Watch NBOA's announcement about the combined data collection efforts.

NBOA partners with NAIS on collection efforts for financial operations data. As a result, schools will enter data in NAIS’s Data and Analysis for School Leadership (DASL). This data will populate and inform reporting in both DASL and NBOA’s BIIS. This means you need to enter financial data only one time — in DASL — and this data will port over to NBOA’s BIIS data platform to populate your reports, benchmarking tools, and financial sustainability tools, including NBOA’s financial dashboard and CFI calculator.

2022 BIIS Key Dates

  • June 14: DASL opens for data entry. Please wait until your school receives its audited financials to enter the applicable data in the balance sheet, revenues and expenses sections.
  • October 14: DASL Foundations data entry closes.
  • November 18: DASL/BIIS Financial Operations data entry closes
  • December 20: DASL/BIIS Financial Operations data reporting opens

Data Entry for the 2022-23 School Year

Please wait until your school receives its audited financials to enter the applicable data in the balance sheet, revenues and expenses sections.

Reporting for the 2020-21 School Year

BIIS reporting for the 2020-21 school year is now available if your school entered data for this period.

Need Help with Reporting?

This document outlines the reporting tools in BIIS, including how to create peer groups, export data and provide access to others from your school.

To optimize your BIIS experience, we highly recommend using Google Chrome as your internet browser.

Questions? Contact Elizabeth Dabney at elizabeth.dabney@nboa.org or call 202-407-7149.

 

BIIS Reporting Tools Include

  • Trend and Analysis Reports
    Understand key trends in independent school finance and operations that can help business officers, heads of school and other independent school leaders make strategic decisions.
  • Peer-to-Peer Benchmarking
    Create your own peer groups to use with the benchmarking tools. Slice the data by school type, size, location and more, and distill it into accurate and meaningful graphs that you can use to set benchmarks.
  • Financial Position Survey (FPS) Ratios
    These ratios are based on leading financial indicators formerly used by Moody's credit analysis. This view of a school uses approximately 50 data points which provide the foundation for key ratios to facilitate important financial sustainability conversations vital to the health of our schools. Be sure to look at your FPS range table to see how your school’s ratios compare to other schools that have participated in BIIS.
  • The NBOA Financial Dashboard for Independent Schools
    Identify, understand and monitor the financial indicators that have the greatest impact on your school's financial health.
  • Composite Financial Index (CFI) Calculator
    This sophisticated tool will help you think strategically about your school's overall financial health and communicate succinctly with school leaders. Please note: You’ll need two years’ worth of data for CFI access.

 

With generous support from A.W.G. Dewar
Dewar

FEATURED

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The Business of Independent Schools: A Leader's Guide

This new book provides business officers and business office staff with key considerations in advancing the school, finance, human resources, risk management, operations and more.

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