FINANCE PROJECT| Financial Modeling & Forecasting
Organization: FamilyWise
Website: Home - FamilyWise : FamilyWise
Established: 1976 Number of Employees: 50+
Mission Statement: To strengthen families by promoting the safety, stability, and wellbeing of children
Organization’s Challenge: FamilyWise operates a fully licensed daycare in addition to other programming. The daycare is not at maximum enrollment capacity; this has been a trend for multiple years. There are possible significant changes coming in programming due to financial losses and limitations. FamilyWise has one simple tool they use at the beginning of the year to input enrollment numbers, but it doesn’t account for changes that happen as the year moves along. The organization is seeking a team to help build a forecasting tool to make the case for scenarios that would allow them to operate at a high standard but make pivots like adding programming, eliminate age rooms, or investing in specific areas. Understanding as well the true cost of each child in each stage they are at in the daycare will help them make informed financial decisions for growth and change.
Potential Deliverable(s):
1. Financial Forecasting Tool
2. True Cost Financial Analysis
Requested Volunteer Skill Sets: Financial Planning, Finance Modeling & Forecasting, Cost Benefit Analysis, Finance Tool Creation
2-3 Pro Bono Consultants: Pro bono consultants give their time and expertise to the challenge, supporting the nonprofit and team in finding a solution and working toward the agreed-upon deliverable.
