Posted by Jen Garnett
At Nyaya, we strive to maintain a high level of financial and operational transparency. This allows us to rigorously monitor and evaluate our operational costs, and also provides our donors with detailed information on the social return on their investment and full disclosure of how their funds are being spent. Additionally, it allows us to collaborate with other organizations and work to develop a scalable model for financing health services in resource-poor areas such as Accham. We believe that this level of transparency and accountability is critical to Nyaya’s mission of providing the highest quality of care and ensuring that our funds are thoughtfully spent in accordance with our goals and mission.
To this end, we have finished our evaluation of the financial transactions for 2009, and the information is now updated and available on our wiki (http://wiki.nyayahealth.org/Budget). Here we publish the categorical breakdown of Nyaya’s expenditures as well as a line by line accounting of all transactions. In 2009, the three biggest expenditures were for staff salaries (56%), clinical facilities (17%) and pharmaceuticals (14%). We also publish information on our monthly income. Historically, most of our income is from private donations; in 2009, 53% of our income were private donations. An additional 15% of Nyaya’s funding is provided by the Nepali Ministry of Health and Population. Finally, our proposed operating budget for 2010 is currently available for review on the wiki as well.
