Vital Times 2021 - 14

The Treasurer's Report
T John Hsieh, MD, FASA | CSA Treasurer
W
e are two years
into the COVID
pandemic. I hope that
everyone has been doing
well during this challenging
time. My condolences to
CSA members who have
passed.
Despite the difficulty of having live meetings, we still
have been able to meet and manage the society's
affairs and finances online. Our very first live Board of
Directors meeting in September 2021 after 20 months
of meeting online was a success, and everyone who
attended was delighted to have the opportunity to
socialize and carry out the CSA governance function.
Despite those challenges, I like to report that our
leadership and management have performed well in
managing CSA's financial matters.
2020 Financial Results
I am happy to report that despite widespread
concerns about adverse economic impacts of COVID
shutdowns, CSA had a positive year financially in
2020. As a result of reduced expenses due to the
cancellation of our educational meetings and a slight
decline in membership, we still managed to have
substantial surpluses. At the year end, we had a net
surplus of $405,809. This was the result of reduced
meeting and travel expenses due to hosting all of
the CSA and ASA governance meetings online and
greater-than-expected returns on our investment
portfolio.
MEMBERSHIP DUES/EXPENSES
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$200,000
$400,000
$600,000
$800,000
$2017
MEMBERSHIP
DUES
GENERAL EXPENSES
$1,585,146
$1,389,379
2018
$1,544,523
$1,332,132
2019
$1,524,343
$1,328,070
2020
$1,476,055
$885,395
2021 YTD
$1,466,658
$571,911
2022 BUDGET
$1,450,000
$1,516,550
14 | CSA Vital Times

Vital Times 2021

Table of Contents for the Digital Edition of Vital Times 2021

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https://www.nxtbook.com/allen/csvt/vital-times-2021
https://www.nxtbook.com/allen/csvt/2020
https://www.nxtbook.com/allen/csvt/2019
https://www.nxtbook.com/allen/csvt/2018
https://www.nxtbook.com/allen/csvt/2017
https://www.nxtbook.com/allen/csvt/2016
https://www.nxtbook.com/allen/csvt/2015
https://www.nxtbook.com/allen/csvt/2014
https://www.nxtbookmedia.com