Data Driven Risk Management
The only tool designed to quantify and improve organizational risk management for nonprofits and charities.
Your organization has big goals. Don’t let the little things bring you down.
Pharo Score is a comprehensive suite of tools designed to identify and measure risk, arm you with an action plan and help solve problems 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 and evaluates key risks.
Our easy-to-understand report card and standardized scoring system highlight both areas of concern and opportunities for improvement. You then receive a support call and action plan that helps you to prioritize and address your risks. Add to this, training, resources and our custom alert system, and you will be well underway to managing your risk.
The PharoScore Process:
1. Complete Pharo Profile
Organizations perform a comprehensive self-evaluation covering governance, finance and cybersecurity. The process is simple and guided. It takes about 2 hours to complete.
2. Benchmark Results
Our system scores each question against industry benchmarks & identifies the specific area of risk. It generates feedback for review and corrective action and quantifies the scale of severity.
3. Generate Pharo Score
You get a report card that breaks down your risks by functional area, so you can make key decisions about where to allocate resources to build your resilience. It makes risk management easy.
Is PharoScore For You?
PharoScore is for organizations that care about:
- Achieving Business Goals: Identifying and managing risks helps organizations stay on track to meet their objectives. By mitigating potential obstacles, companies can focus on growth and achieving their targets.
- Building on a Strong Foundation: A solid risk management framework provides a strong foundation for sustainable business practices. It ensures that organizations are well-prepared to handle unexpected challenges.
- Protection Against Uncertainties: Risk management helps organizations identify potential threats and develop strategies to mitigate them. This proactive approach can save time and resources in the long run.
- Compliance and Legal Requirements: Many industries have strict regulations that require organizations to manage risks effectively. Non-compliance can lead to hefty fines and legal consequences.
- Enhanced Decision Making: With a clear understanding of potential risks, organizations can make more informed decisions. This leads to better strategic planning and resource allocation.
- Safeguarding Reputation: Effective risk management helps protect an organization’s reputation by preventing incidents that could harm its public image.
- Financial Stability: By identifying and mitigating risks, organizations can avoid significant financial losses. This contributes to overall financial stability and growth.
- Operational Efficiency: Managing risks effectively ensures smoother operations, reducing the likelihood of disruptions that could impact productivity and profitability.
- Stakeholder Confidence: Demonstrating a strong risk management framework builds confidence among stakeholders, including investors, customers, and employees.
PharoScore provides organizations with the tools and insights they need to manage risks effectively, ensuring they remain resilient and competitive in an ever-changing environment.
Our Mission
To disrupt non-profit risk management and build tools to increase organizational resilience.
How Does it Work?
Traditional risk management solutions for non-profits can cost tens of thousands of dollars 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:
- Membership in our Risk Community, where you can connect with others, ask questions and keep updated on emerging risks
- 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 ($1500 value)
- A supported Risk Management Plan to address key risks ($12,500 value)
- A supported Disaster Recovery Plan ($7500)
- 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 ($500 value)
- Special Alert System to keep you informed on cyber threats, updates, outages and more $(750 value)
All for $3500 per year, per organization.
Our solutions help 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
Access to PharoScore is available as a yearly membership for $3500 per organization.
Who can purchase access to PharoScore?
PharoScore is available to nonprofits, charities, funders, associations and foundations. We are actively working on a consultant/partner program.
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
Your safety is our first priority. Please reach out to your team with any questions you may have.
TLDR;
PharoScore is the only tool designed to measure, identify and prioritize 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 be a simple process that does not change your workflows.
Book a call with our team to find out more.
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Still Have Questions?
hello@pharononprofit.com