Vital Times 2021 - 17

Even with a negative budget, there are potential
options available that could reduce the financial
deficits. These include moving some of our
governance meetings online and changing our Vital
Times to a digital format. I want to reassure our
members that your leadership and management team
will be working diligently next year to narrow the deficit.
CSA Foundation
The CSA Foundation is a frequently neglected part
of the CSA organization. It is a charity foundation
created by the CSA with the goal of accepting
donations from members and corporate partners
to support our educational endeavors. One such
endeavor is resident programs working with local
high school students to support the " Project Lead
the Way " biomedical sciences curriculum, where
our members inspire young people to choose
medicine as their careers. Those activities shape
a positive image of anesthesiologists among the
public and policymakers. However, for the last few
years, the donations have not met projections,
and the foundation continues to incur program
costs. Therefore, the CSA Board of Directors this
year has approved - and the House of Delegates
has affirmed - the following solution: $25 out of
$125 in membership dues that is currently directed
to GASPAC will be used for the CSA Foundation's
annual operation, since GASPAC has reached its
goal of achieving a cash balance of $1 million 18
months ahead of schedule. Since the foundation, like
GASPAC, advances CSA's standing with the public and
policymakers, the board and House thought it was
reasonable to redirect a portion of those dollars. This
arrangement will not affect CSA's general budget.
Future Challenges
A continued decline in membership has been a major
challenge for the CSA in the past five years. This is
not unique to CSA but a national trend where most
professional associations are all under the same
pressure of transforming themselves to meet the
members' future needs. Therefore, your leadership
and management team will be working together
in creating new and exciting member benefits and
focus additional efforts to recruit and retain existing
members and more effectively transition residents
to active membership. Another area of challenge is
to generate a profit on the educational meetings.
In the past, educational meetings in Hawaii have
contributed a positive cash flow to the society. That
revenue stream has evaporated for the past three
years as a result of hotel costs and increased expense
in conducting in-person educational meetings.
However, the recent summer and fall Hawaii meetings
and online meetings have changed the trend, and a
small surplus was realized this year. However, the
higher hotel charges will continue to pose a challenge
for operating profitable educational meetings. Despite
these challenges, CSA has a strong cash reserve that
will help us weather current financial challenges; at
the same time, CSA will continue to create exciting
educational programs and strong political advocacy on
behalf of our members in Sacramento for years to come.
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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