The ATA Chronicle - January/February 2021 - 8

TREASURER'S REPORT

Treasurer's Annual Report
for FY2019-2020

T

his annual report reviews
ATA's performance
during its most recent

the Association was actually

clustered in the second half

planning both an in-person

of the calendar year. As such,

and a virtual event, thereby

while our finances still look

fiscal year, from July 2019

requiring even more time and

fairly solid in this report, it's

to June 2020. These results

energy than normal.

essential to bear in mind that

are reviewed by independent

JOHN M. MILAN

john@milanlanguageservices.com

Like every
organization, ATA
has been adapting
to our new reality.
However, many
financial impacts have
yet to be fully felt.

auditors, and any material

conference has been held,

adjustments will be addressed

and we dealt with a lot of

in future reports. To get a

unknowns. For instance, we

sense of how the Association

didn't have good data on how

is doing over time, we begin

many people might attend,

with headline figures from the

what they would be willing

past three fiscal years. (See

to pay, how much value

the table below.)

members might place on a

Like every organization,

Revenue and Expenses
During our most recent fiscal
year (July 2019 to June 2020),
ATA recorded $2.94 million
in Total Revenue, while
incurring $3.04 million in
Total Expenses. The result

virtual event, or even what

was a negative Change in Net

ATA has been adapting to

types of challenges (technical

our new reality. Though

and otherwise) we would face

many financial impacts have

throughout. As such, from

yet to be fully felt, the most

a financial perspective, this

significant one so far has

conference was a learning

been the decision to host a

experience, and if, after

virtual conference. This was

all the expenses have been

actually improved year-on-

a major leap, with financial

recorded, it breaks even, we

year because certain expenses

implications, given that this

should consider it a success.

were kept in check by the

event normally accounts

Assets (before investment
activities) of (-$99,796).1
(See Figure 1 on page 9.)
Even though the
Association's bottom line was
negative for the fiscal year, it

As mentioned in previous

pandemic and economic crisis.

for about one-third of total

reports, there tends to be a lag

revenue for the year.

between when an economic

revenue continues to be ATA

ATA Headquarters staff

Year-on-Year Review

rockier roads lie ahead.

Yet, a fully virtual

Our biggest source of

shock takes place and when

Membership dues ($1.80

and volunteers plan and work

its effects are generally

million), though it fell

on this event year-round, in

experienced. This tendency

-2.9% from a year before.

a structure that cannot be

is significant because ATA's

Next in importance is the

turned off and on. In fact,

two most important sources

Annual Conference, which,

given the uncertainty in the

of revenue (conference

in Palm Springs, brought in

first few months of the crisis,

and membership dues) are

$868,391, up 5% from New

2017-2018

2018-2019

2019-2020

9,616 (10,358)

9,210 (10,004)

8,831 (9,802)

Total Revenue

$3.28 million

$3.08 million

$2.94 million

Total Expenses

$2.99 million

$3.20 million

$3.04 million

$286,797

(-$121,302)

(-$99,796)

Total Assets

$3.07 million

$2.86 million

$2.73 million

Total Liabilities

$1.59 million

$1.44 million

$1.29 million

1,344

1,377

1,503

Membership (The first number-e.g., 9,616-is membership
at the end of the fiscal year. The number in parentheses is peak
membership during the fiscal year, which usually occurs in a
different month.)

Change in Net Assets (Before investment activities.)

Conference Attendance (Final registration from New Orleans,
Palm Springs, and the 2020 virtual conference.)
8

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The ATA Chronicle - January/February 2021

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