Vital Times 2017 - 18

The Treasurer's Report
By Judi A. Turner, MD, PhD | CSA Treasurer

I

In the fiscal year 2017, the CSA saw continued
consolidation of the financial position and increased
emphasis on budgeting for strategic goals. We ended
the fiscal year with realized revenue exceeding expenses
by $254,947 (Chart 1). This positive net revenue
means the CSA has now fully recovered financially
from the FY 2015 budget deficit associated with the
one-time expenses of relocating CSA headquarters and
transitioning administrative management to Advocacy &
Management Group (AMG) in Sacramento in FY 2015.
The CSA has two main sources of revenue: membership
dues and registration fees from educational programs.
Both of our primary revenue streams showed continued
improvement in the last fiscal year thanks to the efforts
of our association management group, AMG, led by
Executive Director, Dave Butler, our Membership
Committee, chaired in FY 2017 by Rima Matevosian,
MD, and our Education Programs Division (EPD),
chaired in FY 2017 by Samuel Wald, MD, MBA.
Continued collaboration with the American Society
of Anesthesiologist (ASA) to offer joint billing for our
membership dues, ongoing outreach to recent graduates,
and upgrades to our data management systems, helped to
increase membership revenue to $1,600,681 in FY 2017
(Chart 2). This correlates to an increase in over 300 paid
members from FY 2017!
Education programs provide a valuable service to
members, and are our second important source of
income that exceeded expectations again in FY 2017.
EPD delivered revenues of $655,362 in FY 2017 (Chart
3). Paid attendance at both Hawaii meetings exceeded
expectations, with resulting revenue gain of more than
$33,000! In addition, thanks largely to AMG efforts,
exhibitors fees exceeded revenue expectations by more
than $41,000.

18   | CSA Vital Times

FY 2013 TO FY 2017
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
($500,000)
FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

REVENUE

$2,199,969

$2,216,489

$2,077,113

$2,291,825

$2,452,375

EXPENSES

$1,897,737

$2,171,213

$2,353,893

$2,177,992

$2,197,428

NET REVENUE

$302,232

$45,276

($276,780)

$113,833

$257,947

MEMEBERSHIP DUES REVENUE FY 2013 TO FY 2017
$1,600,000
$1,550,000
$1,500,000
$1,450,000
$1,400,000
$1,350,000
$1,300,000
$1,250,000
DUES

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

$1,464,988

$1,395,270

$1,402,621

$1,426,649

$1,600,188



Table of Contents for the Digital Edition of Vital Times 2017

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