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Tab 14E ECFA FORUMS 2011 Board Governance Essentials for Ministries www.ECFA.org Page 1 of 4
RESOURCE 14E: TOOLS & TEMPLATES: MONTHLY CEO DASHBOARD & LEADING INDICATORS REPORT
Board Members:
Read and react to each report. Ensure that the CEOs SOPs and the corporate Leading Indicators summarize the key targets for the year.
From Mastering the Management Buckets: If there were a management version of Mount Rushmore, who would you nominate to place alongside Peter Drucker and Ken Blanchard? Many managers would recommend Jim Collins, author of Built to Last and Good to Great. He offers savvy wisdom on this subject. Collins says that all indicators are flawed. He writes, It doesnt really matter whether you can quantify your results. What matters is that you rigorously assemble evidencequantitative or qualitativeto track your progress. Collins understands that many organizations cannot readily quantify widgets sold per month. Many, such as the Cleveland Orchestra, operate much more on the soft side of results. In Good to Great and the Social Sectors, an easy-to-read 35-page monograph to accompany his bestselling book, Collins details how a nonprofit can rigorously assemble evidence to show that the organization is moving toward greatness. As Christ-followers, we must remember that greatness is not the goal. Personally, our journey must be about becoming more like Christ, being apprentices to the Master. Organizationally, we must focus on results not to be great but to be fruitful. Collins says that the moment you think of yourself as great, your slide toward mediocrity will have already begun. Proverb 16:8 says, Pride goes before destruction, a haughty spirit before a fall (NIV).
Tab 14E ECFA FORUMS 2011 Board Governance Essentials for Ministries www.ECFA.org Page 2 of 4
RESOURCE 14E: TOOLS & TEMPLATES: MONTHLY CEO DASHBOARD & LEADING INDICATORS REPORT
Q1
Q2
Q3
Q4
(if required)
March 31
June 30
Sept. 30
Dec. 31
1. Revenue and Expenses. Achieve the year-end net income goal of $40,000, based on revenue of $500,000 and expense of $460,000. 2. Operating Reserves. Increase operating reserves from $114,000 to $154,000 (equivalent to 4 months of the FY2009 expense budget). 3. Board Member Recruitment. Assist the board by cultivating up to five new board prospects for terms beginning on Jan. 1, 2010. 4. Three-Year Rolling Strategic Plan: 2010-2012. Based on board feedback, recommend the final version of the 2010-2012 Strategic Plan to the board. 5. Data Base Conversion. Move all data from the ABC software program to the XYZ program. 6. Vision 2020 Resource Center. Implement the Phase 1 Pilot Program of the Vision 2020 Virtual Resource Center, including the cultivation, recruitment, orientation and engagement of 2 state coordinators, 10 area coordinators and 50 local church ambassadors.
12/31/09
On target
12/31/09
On target
9/30/09
On target. Good news! Nom. Committee has 12 prospects. Board will review at the September board meeting
9/30/09
3/31/09
4/30/09
12/31/09
Yikes! We are over-budget, our I.T. VP just quitand our donor letter mailing is 45 days late! On target! Jane Doe has agreed to be our State of Hawaii coordinator! And17 new coordinators have also become Donors (Level 3).
Note: These 2009 SOPs were approved by the Board of Directors on December 15, 2008.
Tab 14E ECFA FORUMS 2011 Board Governance Essentials for Ministries www.ECFA.org Page 3 of 4
RESOURCE 14E: TOOLS & TEMPLATES: MONTHLY CEO DASHBOARD & LEADING INDICATORS REPORT
Fred Rob
5 25
1 12
2 10
+1 -2
Rob
10,000
3,500
5,500
+2,000
Tab 14E ECFA FORUMS 2011 Board Governance Essentials for Ministries www.ECFA.org Page 4 of 4