3 research outputs found
Barr-Klarman Arts Capacity Building Initiative Financial Health Evaluation Summary
This document provides an overview of a financial health evaluation TDC conducted in 2017 to capture the financial health trends of a Boston-based cohort of arts organizations who participated in the Barr-Klarman Arts Capacity Building Initiative (2012-2017), a joint grant program of the Barr Foundation and The Klarman Family Foundation. TDC's financial health evaluation was designed to impart a clear financial picture of the cohort at the program's end, as well as complement the qualitative evaluation of the Initiative (2016-2017) led by Diane Espaldon and Sara Peterson.The financial health evaluation measured the growth and scale of grantees' operations over the course of the Initiative; assessed cumulative financial health; and observed capitalization literacy. TDC evaluators provided each grantee with a capitalization assessment reflecting their organization's balance sheet and income statement trends over the course of the program. Grantees subsequently participated in a follow-up phone interview with TDC to discuss their financial results, and answer questions regarding the impact of the Initiative's capitalization training program on their strategic decision-making and financial goal-setting. With a sample of 30 organizations, TDC evaluated grantee financial performance in the context of each organization's individual goals, not against a cohort-wide benchmark. Cohort-wide trends were elicited from an aggregation of individual performance.This summary document provides an overview of the Initiative's capitalization program, the capitalization framework TDC employed, and high-level results from the financial health evaluation