FAQs

1. What is PharoScore?
PharoScore is a nonprofit risk management and evaluation tool that helps organizations identify, understand, and address their key challenges in governance, finance, IT, HR, and cybersecurity.

2. Who is PharoScore designed for?
PharoScore is specifically tailored for small to midsized nonprofits looking to strengthen their operations and mitigate risks.

3. How can I purchase PharoScore?
Organizations can purchase PharoScore directly, but we highly recommend working through a certified Pharo consultant or funder to maximize its benefits and integration.

4. What areas does PharoScore evaluate?
PharoScore assesses critical areas like governance, financial management, IT/cybersecurity, and HR, providing a comprehensive picture of organizational risk.

5. How long does the assessment take?
The assessment takes approximately 1-2 hours to complete, depending on the complexity of your organization.

6. Can multiple team members collaborate on the assessment?
Only one person per organization can log in at a time to complete the assessment. However, they can collaborate with others offline to gather input and finalize responses.

7. What does the PharoScore report include?
The PharoScore report provides:

• A Report Card summarizing your organization’s performance.
• A Detailed Feedback Report outlining areas of strength and opportunities for improvement.
• A Risk Management Plan to guide your team in addressing key challenges and mitigating risks.

8. How does PharoScore help nonprofits?
PharoScore helps organizations better understand their challenges and equips them with the tools and insights needed to lead, grow, and protect their missions.

9. Is PharoScore available online?
Yes, PharoScore is fully online, making it easy to complete the assessment and access reports from anywhere.

10. How often should organizations use PharoScore?
We recommend conducting a PharoScore assessment annually or whenever significant changes occur in your organization.

11. Can funders mandate PharoScore for grantees?
Yes, funders can require or encourage nonprofits to use PharoScore as part of their application or reporting process, ensuring transparency and accountability.

12. Does PharoScore help with HR evaluation?
Yes, PharoScore includes an HR evaluation component, providing insights into workforce-related risks and opportunities for improvement.

13. Can we work with a consultant or funder to complete the assessment?
Yes, working with a Pharo consultant or funder ensures you get the most value from PharoScore and tailored support for your organization’s needs.

14. How does PharoScore help with risk management?
PharoScore identifies risks in critical areas and provides a structured Risk Management Plan to address vulnerabilities and build resilience.

15. Is PharoScore suitable for large nonprofits?
While PharoScore is primarily targeted at small to midsized organizations, it can still provide value to larger nonprofits seeking detailed risk insights.

16. Does PharoScore offer real-time collaboration features?
Currently, only one user can log in at a time to complete the assessment. However, you can gather input and work with your team offline during the process.

17. How do funders benefit from PharoScore?
PharoScore gives funders confidence in their grantees by providing a transparent and standardized evaluation of organizational risks and capabilities.

18. Is there a free trial for PharoScore?
We don’t offer a free trial, but you can schedule a demo to explore how PharoScore can benefit your organization.

19. Can PharoScore help with compliance and governance?
Yes, governance and compliance are key areas of focus in the PharoScore assessment, ensuring your organization meets standards and mitigates risks effectively.

20. How can I get started with PharoScore?
Contact us to schedule a demo, purchase PharoScore directly, or connect with a Pharo consultant or funder to begin your assessment.