Financial Framework

Through its financial framework, the Board communicates its expectations for ensuring that all charter holders in its portfolio are viable organizations with strong fiscal management practices. The financial framework uses six measures to annually evaluate each charter holder’s financial condition. Under the financial framework, a charter holder is assigned one of three summative financial performance ratings - "Good Standing," "Adequate Standing," or "Intervention." A charter holder that receives an "Intervention rating must submit information to the Board regarding the charter holder's financial performance. A frequently asked questions document and information about how to access a charter holder's financial performance may be found below.