In 2002, Charity Navigator launched a website that rated the Financial Health of charities. Over the years, we’ve made some enhancements to that system. For example, in response to the negative impact the recession has had on certain types of charities, we adjusted the way in which it rates those charities both for their FYE 2009 and 2010 ratings (see our Financial Health Ratings Tables for more details).
But now that we’ve launched CN 2.0, our expanded rating system that also evaluates Accountability & Transparency, we think it is time to go back to our original rating dimension – the financial health of charities – and see if some more substantial changes are in order. We have formed a task force of financial experts from around the country to help us think through how we can make our financial analysis even more powerful. We believe that their work will lead to the development of an even deeper and more robust tool for rating the Financial Health of charities.
In addition to staff, our Financial Task Force Membership includes:
This task force is a subcommittee of our Advisory Panel which is guiding our development of CN 3.0, a three dimensional rating system that looks at Financial Health, Accountability & Transparency as well as Results Reporting (for more details see our article Where We Are Headed). We thank all of them for volunteering their time to help us in this endeavor and look forward to implementing the results of our joint efforts.