Week 1 – May 3rd, 2022 Theme: Balanced Scorecards (BSC)
Parent Center Directors constantly think about the data indicators that let us know if our projects are functioning. What about the data indicators that let us know if our Boards are functioning? Do you know what they are? Do you have regular conversations at Board meetings about it? A Balanced Scorecard can help. Learn what a Balanced Scorecard is in this blog and short video: https://www.investopedia.com/terms/b/balancedscorecard.asp
Week 2 – May 10th, 2022 Theme: What’s Your Nonprofit’s Board Scorecard Score?
Balanced Scorecards are used to communicate organizational performance. How do we translate the categories of a scorecard into useful nonprofit sector concepts? This article explains it: https://www.investopedia.com/terms/b/balancedscorecard.asp
Week 3 – May 17th, 2022 Theme: Board Scorecards for Board Performance
Over the past two weeks, we have learned why and how Balanced Scorecards are good motivators for organizational success. Why apply that same concept to Board Performance? Because a Board Scorecard is a proven motivator. Learn more here: https://institute.uschamber.com/scorecards-do-you-have-one-for-your- Board-of-directors/
Week 4 – May 24th, 2022 Theme: Samples of Board Scorecards
One successful practice for Board Scorecards is to use two different versions. The first is an individual scorecard for each Board member that is tied to only that member’s performance, and that only that member sees. The second is a cumulative Board scorecard that the full Board sees and discusses at each Board meeting. This link provides a useful template to help you and your Board design Board Scorecards that fits your needs: https://regioncptac.org/wp-content/uploads/2023/03/2022.05.Week4_.Byrne-Pelofsky-Board-Scorecard-Sample-1.pdf
Week 5 – May 31st, 2022 Theme: Learn about the Different Types of Nonprofit Balance Scorecards
Want to better understand the three different types of nonprofit Balance Scorecards and when and how to use each one effectively? This article breaks each one down and provides tips on how to engage your staff and Board members in the process at the right time: https://www.trissaconsulting.com/articles/how-to-develop-a-strategic- Board-of-directors-with-the-balanced-scorecard