JULY TO DECEMBER 2019 + BUDGET continued LOOKING AHEAD: COVID-19, ECONOMIC CRISIS, AND BUDGET The figures reported above are from December 2019. Obviously, a lot has changed since then. However, they provide useful information on our starting position as this crisis unfolded. At this point (April 2020), as a result of prudent management, ATA has savings and investments in excess of 10 The ATA Chronicle | July/August 2020 $2 million, with $1.1 million of that in cash, so it's protected against the fluctuations of a highly volatile stock market. This is an enviable position. It means we have a financial cushion for the next six months as we determine how this crisis impacts our industry and ATA in particular. We've also explored some Small Business Administration (SBA) economic relief options in case things continue in the wrong direction as a result of the economic lockdown. However, we haven't submitted a formal application as of this writing. Two trends that preceded the current crisis are expected to be exacerbated by it: declining membership and dwindling/negative net income from the conference. We'll continue to www.atanet.orghttp://www.atanet.org