NFPA Journal - May/June 2013 - (Page 50)
>>Treasurer’s rePOrT
BY WAYNE BOYD, TREASURER
T
he NFPA Treasurer’s Annual
Report is issued to Association
members as required by the
Articles of the Association, Section 6.11,
Paragraph 2, as adopted through
Amendment to the Articles in
November 2000.
The economic environment
remained subdued for NFPA in
2012. Publication revenues were 8
percent below expectations, which
is mainly attributable to reduced
demand for NFPA codes in the new
construction arena. Membership levels declined from 72,000 to 68,000
due to a reduction in new member
acquisition, but retention of existing
members was similar to previous years. Training revenues were
slightly ahead of the previous year
but below expectations. Expense
savings across the organization were
identified during the year. NFPA
incurred a small operating deficit
that was better than the budget and
enjoyed strong returns on the investment portfolio.
With total net assets in excess of
$200 million, a healthy cash balance,
and no debt, NFPA remains in a very
sound financial position.
Statements of Financial Position
$000s
$000s
Assets
Cash and cash equivalents
Inventory, accounts receivable, and other assets
Investments
Real estate investments, property, and equipment
Total assets
2012
2011
16,927
18,493
170,627
51,838
257,885
30,755
17,637
137,150
53,931
239,473
Liabilities and net assets
Accounts payable and accrued expenses
Pension liability
Deferred revenues
Total liabilities
Total net assets
Total liabilities and net assets
8,911
27,611
15,910
52,432
205,453
257,885
7,618
26,340
16,312
50,270
189,203
239,473
Statement of Activities
Revenue
Publications
Membership
Other
Total revenue
Expenses
Operating (deficit)/surplus
Real estate investments
Pension liability adjustment
Investment return
Change in net assets
Net assets at beginning of year
Net assets at end of year
42,764
13,577
12,921
69,262
(70,769)
(1,507)
1,803
(2,234)
18,188
16,250
189,203
205,453
46,065
13,786
14,023
73,874
(74,058)
(184)
1,995
(13,445)
2,162
(9,472)
198,675
189,203
Statement of Cash Flows
Cash flows from operating activities
Cash flows from investing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents as of beginning of year
Cash and cash equivalents as of end of year
6,031
(19,859)
(13,828)
30,755
16,927
8,503
(6,162)
2,341
28,414
30,755
Membership
20%
2012 REVENUE
Publications
62%
50
NFPA JOURNAL MAY/JUNE 2013
Training
13%
Contracts
3%
Other
2%
Table of Contents for the Digital Edition of NFPA Journal - May/June 2013
NFPA Journal - May/June 2013
Contents
First Word
In a Flash
Perspectives
Firewatch
Research
Heads Up
Structural Ops
In Compliance
Buzzwords
Outreach
Electrical Safety
Wildfire Watch
Treasurer's Report
Work in Progress
Amping It Up
Drill Team
Working Together
Code Process 2.0
Routine Maintenance
Here, There, Everywhere
Section Spotlight
Expo Preview: Exhibitors' Showcase
Looking Back
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