Finance & Accounting

Assess your organization's finance and accounting operations.

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Nonprofits want more funding. Funders want more confidence before they give — and that comes from demonstrated operational competence.

OpX360 is a free online assessment tool designed to help nonprofits evaluate and improve their operational competence. This module is based on accepted best practices and proven industry standards to help you determine your nonprofit's competence levels in the area of Finance and Accounting, understand why it’s important, and learn how you can make improvements.

In minutes, you can know your operational competence levels and what you need to do next.


“Over a week, our leadership went through process improvement training. However, the beauty of OpX360 is that it requires no training and, in less than an hour, you have a clear understanding of what practices need improvement and a plan on how to do that.”

- Bruce Johnson, Nonprofit President and Leadership Advisor

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Assessment Details

This Finance & Accounting module includes best practice statements that focus on business process and reporting systems, cash and investment management, supporting core programs, policies and procedures, regulatory compliance, roles and responsibilities, and internal and external audits. Together, these practices touch on all aspects of your organization's finance and accounting operations.

Each free OpX360 survey has 60 Best Practice statements based on proven industry standards to help you determine your nonprofit's competence in that specific area of your operations, understand why it’s important, and learn how you can make improvements.


What You Will Receive

Within minutes of completing the survey, you will receive an Executive Briefing to provide a C-suite or board-level summary of the assessment and a Detailed Report for the person or team ultimately responsible for your nonprofit's Finance & Accounting operations.

The Executive Briefing contains:

  • Your current Competency Levels
  • The crucial Key Elements measured and why they are important
  • The potential impact of non-performance
  • The three most important items to improve first

The Detailed Report contains (see sample report below):

  • Everything in the Executive Briefing, plus
  • Detailed information for each Best Practice statement, including
  • Our recommendations if you are not compliant

Improve Your Operational Competence

There are 60 Best Practice Statements in each of the six OpX360 modules. In this Finance & Accounting module, these statements are grouped into seven sets of related Best Practice statements called Key Elements. Each individual statement is categorized into one of three competence levels.

Those competence levels are:

  • Level 1 – Core operational practices necessary to perform effectively
  • Level 2 – Sophisticated practices that enhance overall performance
  • Level 3 – Leading-edge practices that enable an organization to deliver the highest level of operational performance

Any of the OpX360 surveys can be taken individually or together, depending on the needs of your organization. In minutes, you can know your operational competence levels in any of the areas and what you need to do next — all at no charge to your organization.

Contributors


Finance Team
Finance Team

Bob Lipps served as the team leader of this survey. Bob has over 30 years of professional experience in law, accounting, and risk management in C-suite, board, and professional advisor capacities. He is Co-Founder and Principal Advisor at The Center and Co-Inventor of OpX360.

Other contributors included CPA & CFO David Beroth, CPA Gregg Capin, professionals from the accounting firm CapinCrouse LLP, CPA and MBA Vonna Laue, and others.


Frequently Asked Questions


How long does the OpX360 survey take?
Each module takes approximately an hour to complete. You can pause at any time and receive an email with a link to restart the assessment where you left off. There is no time limit.
How long do I have access to OpX360?
After enrolling, you will have access for as long as it takes to complete the survey, on any device. Each module includes an unlimited OpX360 subscription, so you can take the free assessment as many times as you’d like to check your score and demonstrate improvement.
Who should take this Finance & Accounting OpX360 Assessment for our nonprofit?
For best results, this Finance & Accounting OpX360 Assessment should be completed by your CFO, Director of Finance, or a knowledgeable Finance Committee board member. If possible, we recommend that two or more people complete the survey independently from each other to increase the objectivity and accuracy of the responses. We also recommend using the survey and related reports as training and orientation tools for new members of your team.
Who contributed to this Finance & Accounting OpX360 Assessment?
This Finance & Accounting OpX360 Assessment was developed by and for nonprofit leaders and practitioners, their funders, and recognized experts serving in the finance and accounting arena. Contributors included CPA & Attorney Bob Lipps, CPA & CFO David Beroth, CPA Gregg Capin, professionals from the accounting firm CapinCrouse LLP, CPA and MBA Vonna Laue, and others.
After completion, what will the final work product look like?
Within minutes of completing each survey, you will receive an Executive Briefing designed to be shared with your leadership and board and a Detailed Report for the person or team responsible for the specific area of operations.

"We’ve paid business consultants many thousands of dollars in recent years... OpX360 provided us with more focused feedback and recommendations, along with actionable steps for improvement, than our consultants have."

- Jim McKee, CPA and Nonprofit Leader

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Still Have Questions?

Contact us online or email us at [email protected].

A member of our team will respond as soon as possible. We look forward to hearing from you.