Armanino Museum & Arts Financial Framework Toolkit
How Will COVID-19 Impact Your Museum or Arts Organization?
No one knows the final answer, but predictive financial modeling can help you navigate these uncharted waters.
Management, board members and finance professionals are all scrambling to assess the impact of COVID-19 on the industry. Armanino’s Museum & Arts team has leveraged its 20+ years of expertise with museum and arts business models to create a framework to quantify and predict the financial impact of various factors affecting organizations, including admissions/ticket sales, membership, operating gap analysis, endowment draw and fundraising.
TOOLKIT IN ACTION
Your Finance department can now forecast the impact of COVID-19 on your program revenue, fundraising and expenses — with the click of a button.
Different Ways We Can Help
During these unique times, it is imperative that every museum and arts organization complete its own customized, predictive model that enables it to properly build a financial plan for the upcoming year. Several scenarios should be considered, and an individual framework run for each. Every scenario should be stress-tested, with the financial results made easily digestible for administrators, management and leadership. We offer several options:
FREE
FINANCIAL MODELING
90-DAY TRIAL**
PACKAGE DETAILS
- Access to the Toolkit
- Input your own financial data (takes less than 15 minutes) and stress-test your budget
- Visualize how key financial metrics change through different scenarios by adjusting data inputs related to admissions/ticket sales, membership, staffing levels, fundraising, endowment draw, expenses and more
- Create as many scenarios for your organization as you need
- Use the outputs from the Toolkit to help in your discussions with management, the board of trustees, audit and finance committees, etc.
- Agree to the Armanino End User License Agreement about using our Armanino Museum & Arts Financial Framework Toolkit
**After the trial expires, you'll pay $499 annually if continuing with this option
BASIC
FINANCIAL MODELING
$1,000/year
PACKAGE DETAILS
- Access to the Toolkit
- Input your budget into the Toolkit and create various stress-testing models showing how key financial metrics change through different scenarios by adjusting admissions/ticket sales, membership, staffing levels, fundraising results, investment returns, endowment draw, operating expenses, and more
- Review of one model of your choosing with your designated representative, not to exceed a total of 3 hours annually
- Agree to the Armanino End User License Agreement about using our Armanino Museum & Arts Financial Framework Toolkit
ADVANCED
FINANCIAL MODELING
$3,500/year
PACKAGE DETAILS
- Access to the Toolkit
- Preparation of up to 3 models showing how key financial metrics change through different scenarios by adjusting admissions/ticket sales, membership, staffing levels, fundraising results, investment returns, endowment draw, operating expenses, and more
- Review of up to 3 models of your choosing with your designated representative, not to exceed a total of 5 hours annually
- Guidance and strategic suggestions from an Armanino Museum & Arts expert for discussions with your management, board of trustees, audit and finance committees, etc.
- Agree to the Armanino End User License Agreement about using our Armanino Museum & Arts Financial Framework Toolkit
ADD-ON
SERVICES
Costs vary by project
PROJECT EXAMPLES
- Going Concern Assessment (Including a 13-Week Cashflow Projection)
- Annual Long-Term Sustainability and Operating Metric Presentation (Customized Benchmarking & Financial Report Card)
- Internal Control Questionnaire & Recommendations
- Finance and Accounting Outsourcing
- Human Resources Outsourcing
- Merger & Acquisition Consulting
- Audit Concierge Services
- Financial Staffing Placement Services (Interim and Permanent)
- Federal & State Informational Returns
- Digitally Targeted Fundraising
- Enrollment Marketing
- IT & Cybersecurity Review
- Data Privacy Assessment
- ERP System Maximization
We will scope and price these services separately under a Project Change Request.
All fees are fixed and must be paid by credit card.
5 Steps to Get You Started
Once you've decided on an option above, follow the steps below to get started with the Financial Framework Tool:
- For the Free package, click the Sign Up for Trial button and fill in the required information. For the Basic or Advanced package, download the Engagement Letter (EL) here and proceed to step 2.
- Select the product option best for you, sign the EL then email it to [email protected].
- Receive an email confirming receipt of the EL.
- Pay the full fee by credit card per payment terms.
- Receive information from our experts based on the option selected.
And that’s it! We want to make this process simple for you.
Access Our COVID-19 Resource Center for More Info
We’ve assembled resources and education designed to help organizations through this unprecedented time. Our goal is to mitigate risk and optimize operations impacted by the effects of COVID-19.
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