Data Driven Risk Management
The only tool designed to quantify and improve organizational risk management for nonprofits and charities.
Pharo Score: Assessing Organizational Risk for Non-Profits and Charities
Pharo Score is a comprehensive tool designed to evaluate organizational risk in non-profits and charities. It measures exposure across critical areas such as governance, finance, and cybersecurity. By comparing self-reported data to established benchmarks, Pharo Score effectively identifies key risks.
Our easy-to-understand report card and standardized scoring system highlight both areas of concern and opportunities for improvement. With Pharo Score, grantors, funders, and foundations can make invest in helping organizations and support organizations in enhancing their operational resilience.
We offer special pricing and packages for foundations and grantors who want to support their emerging and existing nonprofit clients in better managing their risks.
The PharoScore Process:
1. Complete Pharo Profile
Organizations perform a comprehensive self-evaluation covering areas such as governance, finance and cybersecurity. The process is simple and guided & can be updated as often as required.
2. Benchmark Results
Our system scores each question against industry benchmarks and identifies the scope in the specific area of risk. It generates feedback for review and corrective action.
3. Generate Pharo Score
The platform generates the organization’s PharoScore & easy to follow report. Areas of risk are highlighted. We have developed from our 15 years working in the nonprofit and charitable sector.
Why Should Funders Invest in PharoScore for their Organizations:
- Comprehensive Risk Insights for Every Stage– Organizations can understand key risks with Pharo Score’s detailed assessments, protecting your investments at every step.
- Actionable Feedback for Proactive Management-Organizations get clear, actionable recommendations to address significant risks early, minimizing potential issues.
- Boost Training-Organizations can access our 100+courses to learn and grow
- Data-Driven Decision Support– Organizations learn to make data driven decisions
- Seamless System Integration– Our reports print as PDF’s for easy integration to existing systems
- Help Early Stage Organizations Adopt Best Practices-Help innovative young organizations develop the best practices and standards on which to grow.
Our Mission
To disrupt traditional non-profit risk management & build tools to increase organizational resilience.
Affordable Risk Management Solutions for Non-Profits and Their Stakeholders
Traditional risk management solutions for non-profits can be costly and often inaccessible for small to mid-sized organizations. At Pharo Score, we are dedicated to creating affordable tools and products that empower non-profits, charities, social enterprises, and mission-driven organizations.
Every annual PharoScore membership includes:
- Unlimited PharoScores generated throughout the year
- Detailed feedback and report card
- A support call with one of our team members to help prioritize your risks ($500 value)
- A supported action plan and risk mitigation report you can complete
- 10 seats to our PharoAcademy (a $2500 value)
- Access to our NonProfitPortal, a resource centre with manuals, template policies, procedures and more (a $1500 value)
- Monthly special topic webinars on emerging issues
- Special Alert System to keep you informed on cyber threats, updates, outages and more.
- Membership in our Risk Community, where you can connect with others, ask questions and keep updated.
Our solutions help these organizations identify, assess, and develop actionable plans to address their most critical issues. With our support, organizations can build resilience while effectively managing risks.
How To Access PharoScore
At this time, access to PharoScore is available as a yearly membership for eligible organizations.
Who can purchase access to PharoScore?
We work with foundations, associations and incubators to support early stage and innovative organizations who need additional support to manage their risk.
How often is PharoScore updated?
We update PharoScore regularly, according to emerging trends and risks in the sector. We are actively working on developing Operations, Human Resources, Marketing and Fundraising risk assessments.
Is PharoScore Secure?
All data is secured using industry best-practices, and we avoid collecting sensitive or personally identifiable information as much as possible. No specific financial data or documents are ever uploaded to the system. We simply measure policies, procedures, practices and operations to arrive at a PharoScore. We will never ask for:
- Financial Statements
- Payrol Data
- Client Data
- Computer passwords
Nor will we ever email you asking for your personal or organizational information.
TLDR;
PharoScore is the only tool designed to assess, identify and quantify the risks a nonprofit or charity is facing and provide solutions for corrective action.
Disrupt Risk Management Without Disrupting Your Processes
We have designed PharoScore to work with any process and it neatly fits into either the application or post-award workflow. Want to find out more?
Book a call with our team to find out more.
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Still Have Questions?
hello@pharononprofit.com