3 tactics to boost the impact of your financial dashboards

Due to the tough budgetary climate, board members are increasingly interested in the financial health of the institution. In 2014, a majority of board members at both public and private institutions identified fiscal sustainability and affordability as their top two priorities, and board support staff report a related increase in financial reporting requests from board members.

What is the right financial information to share with boards?

Communicating meaningful financial information to boards, however, is a tricky balancing act. Too little information can cause board members to misinterpret the institution’s true financial position or distrust administrative leaders, while too much financial information can cause them to focus on less significant details or disengage due to data fatigue.

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This resource is part of the Build Financial Dashboards to Communicate with Boards and Other Stakeholders Roadmap. Access the Roadmap for stepwise guidance with additional tools and research.