Armanino Private School Financial Framework Toolkit
How Will COVID-19 Impact Your School?
No one knows the final answer, but predictive financial modeling can help you navigate these uncharted waters.
School management, board members and private school professionals are all scrambling to assess the impact of COVID-19 on the education industry. Armanino’s Private School team has leveraged its 30+ years of expertise with private school business models to create a framework for schools to quantify and predict the financial impact of various factors affecting them, including enrollment, financial aid, gap analysis, endowment and fundraising.
TOOLKIT IN ACTION
Business officers can now forecast the impact of COVID-19 on their tuition revenue, financial aid and enrollment numbers - with the click of a button.
Different Ways We Can Help
During these unique times, it is imperative that every private school complete its own customized, predictive model that enables it to properly build a financial plan for the 2020-2021 academic 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 school leadership. We offer several options:
FREE
FINANCIAL MODELING
90-DAY TRIAL**
PACKAGE DETAILS
- Access to the Toolkit
- Input your own school data in less than 15 minutes and stress-test your 2020-2021 budget
- Visualize how key financial metrics change through different scenarios by adjusting data inputs related to enrollment, tuition, staff levels, fundraising, endowment draw, expenses and more
- Create as many scenarios for your school as you need
- Use the outputs from the Armanino Private School Framework 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 Private School Financial Framework Toolkit
**After trial expires, you'll pay $299 annually if continuing with this option
BASIC
FINANCIAL MODELING
$500/year
PACKAGE DETAILS
- Access to the Toolkit
- Input your 2020-2021 budget into the Toolkit and create various stress-testing models (the “Models”) showing how key financial metrics change through different scenarios by adjusting enrollment, tuition, staffing levels, fundraising results, investment returns, endowment draw, operating expenses and more (the “Models”)
- Review of one (1) 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 Private School Financial Framework Toolkit
ADVANCED
FINANCIAL MODELING
$2,500/year
PACKAGE DETAILS
- Access to the Toolkit
- Preparation of up to three (3) Models showing how key financial metrics change through different scenarios by adjusting enrollment, tuition, staffing levels, fundraising results, investment returns, endowment draw, operating expenses and more
- Review of up to three (3) Models of your choosing with your designated representative, not to exceed a total of 5 hours annually
- Guidance, including strategic suggestions, from an Armanino private school 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 Private School 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
- Business Office Outsourcing
- Human Resources Outsourcing
- Merger & Acquisition Consulting
- Audit Concierge Services
- Financial Staffing Placement Services
- 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.
Five 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 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 Toolkit@armanino.com.
- Receive an email confirming receipt of the EL.
- Pay the full fee by credit card per payment terms.
- Receive information from our private school 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.
Copyright © Armanino LLP. All Rights Reserved. Privacy Policy
