The ATA Chronicle - January/February 2022 - 10

TREASURER'S REPORT
Treasurer's Annual Report for
FY2020-21 (through May 2021)
While the pandemic and its knock-on effects have had a major impact
on ATA's revenue and expenses, the Association remains on fairly solid
financial ground as a whole.
JOHN M. MILAN
john@milanlanguageservices.com
his annual report
reviews ATA's financial
performance from July
2020 to May 2021. While not
directly comparable with
previous fiscal years (which
end in June), it does provide
a good indication of current
trends. The results herein
are preliminary and will be
reviewed by independent
auditors. To get a sense of
how the Association is doing
over time, we begin with
a comparison of headline
figures. (See the table below.)
At the organizational
T
level, ATA has been doing a
pretty good job of adapting
to the new normal, all things
considered. Starting with
membership, we were able to
weather the worst of the past
18 months without suffering
a major decline. That's a
Year-on-Year Review
Membership (Current membership is presented first, with peak
numbers during the respective fiscal year in parentheses.)
Total Revenue
Total Expenses
Change in Net Assets (Before investment activities.)
Total Assets
Total Liabilities
Conference Attendance (Final registration from Palm
Springs, the virtual event in 2020, and from Minneapolis
in 2021.)
10 The ATA Chronicle | January/February 2022
significant accomplishment,
given concerns a year ago
about the effects of the
pandemic-induced economic
crisis. Peak numbers have
continued to fall year-on-year
but are far from catastrophic.
Likewise, at this time last
year, we were about to host
our first-ever fully virtual
conference. The impacts
of that decision appear
throughout this report.
The Annual Conference
is a major component
of the Association's
financial success, normally
generating about onethird
of our revenue,
covering a significant
portion of overhead at ATA
Headquarters. While it was a
much smaller affair, bringing
in just $490,914 in revenue,
compared to the $833,861 we
2018-2019
9,210 (10,004)
$3.08 million
$3.20 million
(-$121,302)
$2.86 million
$1.44 million
1,377
2019-2020
8,831 (9,802)
$2.94 million
$3.04 million
(-$99,796)
$2.73 million
$1.29 million
1,503 (virtual)
generated in Palm Springs,
the hard work of staff and
volunteers resulted in a
much less expensive event,
with total costs cut nearly
in half. Those efforts should
be applauded.
Overall, right now, we are
looking at less total revenue
and lower expenses for the
fiscal year. Both are examined
in more detail below.
Revenue and Expenses
During the most recent fiscal
year,1
ATA booked $2.21
million in Total Revenue,
while incurring $2.23 million
in Total Expenses. The result
was a slightly negative
Change in Net Assets (before
investment activities) of
(-$13,351).2
bottom-line figure was an
2020-2021 (May)
8,880 (9,418)
$2.21 million
$2.23 million
(-$13,351)
$3.33 million
$1.81 million
1,026 (hybrid)
www.atanet.org
(See Figure 1.) This
http://www.atanet.org
The ATA Chronicle - January/February 2022

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