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Access a variety of reports and tools to benchmark your school's performance against others, from endowment figures to financial indicators. Quickly compare data and gain insights. NAIS StatsOnline provides detailed analyses.
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Benchmarking Performance:Tools You Can Use SAIS-NAIS 2007 Winter RetreatMark J. Mitchell, NAIS VP, Sch Info Servicesmitchell@nais.org
NAIS StatsOnline • Variety of reports available • How quickly do you need information? • How broadly do you want to compare yourself to others? • What problem are you looking to solve? • What picture are you painting? • NAIS Statistical Reports • Facts-At-A-Glance (public) • National Tables (NAIS members-only) • Custom Benchmarking (Five authorized users at member schools) • Custom reports also available • Comparative, Analytical Tools • Dashboard Indicators • Financing Schools Calculator
Facts-At-A-Glance • Problem: “I have a committee meeting on evaluating our endowment position, which we feel is too low. The meeting starts in fifteen minutes and I need to know the endowment of the typical NAIS and SAIS school.” • Answer: Average endowment for all NAIS schools in 2005-06 was $33,639 per student. For SAIS schools, it was $16,018. • Where to find these data?
Facts-At-A-Glance • Provides quick and easy benchmarking at the broadest level…comparisons to an association’s members for one-year snapshots • Access to 140 key indicators • Enrollment, tuition, financial aid, attrition, admissions, student and staff diversity, • Per student ratios: income, expense, endowment, giving, staffing • Teacher salaries, benefits contributions • National facts as well as state/regional facts available (for StatsOnline participating associations) Next
Mouse over “Resources and Statistics” and click “Statistical Resources”
National Tables • Problem: Data for all schools is too generic. I need to know the endowment figure for day schools. Would also be nice to know same stats for schools of my size and location. • Answer: For day schools, endowment per student was $19,321; $14,546 for schools located in the Southeast region. For large schools (above 700 enrolled), $31,976. • Where to find these data?
National Tables • NAIS members-only • Available to any employee of an NAIS-member school who has created a profile on the NAIS website • Provides more detailed look at data variables • Includes some trend analyses and inflation adjustments, where appropriate • Benchmarks by enrollment size, day/boarding, geographic region, grade level, and gender (i.e., single sex or coed) Next
Customized Benchmarking • Problem: My board chair wants to know even more specific endowment data. How does our endowment compare to the other large day schools in the state? What about several specific schools in our area that we overlap with? • Answer: Create a benchmark group of the schools you want to examine. If they have provided data and you have provided data, you can get the answer fairly quickly • Where to find these data?
Customized Benchmarking • Available using StatsOnline • Provides pre-set and customized benchmarking groups in categories that are more specific than Facts at a Glance and National Tables provide • All data collected in StatsOnline surveys are available for benchmarking (thousands of variables) • Must be one of five authorized users • Must give data to get data Next
Be sure to login first Click StatsOnline logo
Create a custom group from scratch Or create from an existing group (over 120 pre-set groups)
Choose criteria View results; Select which schools to add to the comp group
Name it Describe it Share it
To specify schools withinsearch results, click the onesyou want to add
Instead of all schools,select the schools that you want.Must choose at least 5 schools for a comp group to save.
1. Choose “Variable Family” 2. Select which variable from list 3. Move variable to “Selected” 4. Click “Save”
Pick your Comparison Grp MM Sample School
Variables, groups listed; Select year(s) to view
Dashboard Indicators • Problem: Is growing our endowment the financial challenge we should be most concerned about? What else is out there? • Answer: Endowment per student is comparable to but lower than the benchmark group (7.2% lower); other areas of concern may need even more attention • annual giving per student is 61% lower; • avg salary is 29% lower; • investment income nearly nonexistent; and • the attrition rate is twice as high • Where to find these data?
Dashboard Indicators • Highlights 20+ specific variables as key indicators/drivers of school financial position • Available in StatsOnline only, for head and business manager • Provides broad summary of data for your school and a comparison group you choose • Allows opportunity to spot over- and under-performing areas that may need attention • Helps determine short- and mid-range financial planning goals • Pre-cursor to Online Calculator Next
StatsOnline Dashboard Indicators & Calculator Choose 2006 to get complete data set Your school namewill appearautomatically
School data pulled automatically from StatsOnline. You can edit thesefields to create scenarios or update info Any changes made are not saved in StatsOnline Click “Submit” to see the Dashboard
MM Sample School Select any comp group you’ve created or create one
MM Sample School View your indicators vs.the comp group
Do we have toraise salaries to be more competitive?How to fund it?
Online Calculator • Problem: Now we know endowment may not really our biggest challenge, relatively speaking. But raising salaries, perhaps through increased giving and other income sources, is something to be concerned about. What would it take to position ourselves for future financial equilibrium in those areas? • Answer: Using the Online Financial Calculator, plug in assumed rates of change in tuition, other income, salaries, and staffing to guide us along the right path • Where to find this tool?
