The ATA Chronicle - January/February 2022 - 15

Preliminary Consolidated Statement of Activities (with overhead distribution)
July 1, 2020 to May 31, 2021
YOY
2021
REVENUE
Membership
Certification
Chronicle
Conference
Prof. Dev-Seminars
Prof. Dev-Webinars
Publications
Other Revenue
Total Revenue
EXPENSES
Program Services:
Certification
Chronicle
Conference
Divisions
Membership Services
Prof. Dev-Seminars
Prof. Dev-Webinars
Publications
Total Program Services
Supporting Services:
Salaries & Benefits
General & Administrative
PR/Marketing
Officers & Directors
Volunteers & Governance
Total Supporting Services
Total Expenses
CHANGE IN NET ASSETS BEFORE
INVESTMENT ACTIVITY
Nonoperating Activities:
Dividend/Interest
Realized (Loss) Gain on Investments
Unrealized (Loss) Gain on Investments
Total Nonoperating Activities
CHANGE IN NET ASSETS
NET ASSETS-JULY 1, 2020, 2019
www.ata-chronicle.online
$1,558,262
63,050
4,689
490,914
-
75,410
2,905
17,055
2,212,285
178,519
205,197
411,018
132,105
312,052
13,715
50,602
87,273
1,390,481
400,721
381,396
30,008
6,462
16,568
835,155
2,225,636
(13,351)
28,131
(5,794)
262,838
285,175
271,823
1,424,380
NET ASSETS-MAY 31, 2021, 2020 $1,696,203
2020
$1,642,913
190,836
9,048
833,861
-
28,310
3,117
25,821
2,733,906
268,212
201,378
803,810
136,885
355,574
13,684
39,644
88,467
1,907,654
399,804
349,404
48,785
70,978
20,016
888,987
2,796,641
(62,735)
26,012
-
(14,053)
11,959
(50,776)
1,499,534
$1,448,758
Change
$(84,651)
(127,786)
(4,359)
(342,947)
-
47,100
(212)
(8,767)
(521,621)
(89,693)
3,819
(392,792)
(4,780)
(43,522)
31
10,958
(1,194)
(517,173)
917
31,992
(18,777)
(64,516)
(3,448)
(53,832)
(571,005)
49,384
2,119
(5,794)
276,891
273,216
322,599
(75,154)
247,445
YOY
Change %
-5.2%
-67.0%
-48.2%
-41.1%
0.0%
166.4%
-6.8%
-34.0%
-19.1%
2
NOTES
1
July 2020-May 2021,
a month short of a full
fiscal year, owing to
pandemic-related backlogs
in accounting.
As a nonprofit
organization, ATA's change
in net assets indicates
earnings or losses during
the fiscal year.
3
-33.4%
1.9%
-48.9%
-3.5%
-12.2%
0.2%
27.6%
-1.3%
-27.1%
0.2%
9.2%
-38.5%
-90.9%
-17.2%
-6.1%
-20.4%
78.7%
8.1%
-
1970.4%
2284.6%
635.3%
-5.0%
17.1%
4
ATA allocates part of its
overhead to programs,
such as the conference,
certification, and
divisions, based on the
number of hours that
Headquarters staff spend
working on them. This
allocation provides a
more accurate view of
their actual cost.
The charts, graphs, and
figures included in this
report were prepared by
ATA's much-appreciated
accounting and finance
manager, Kirk Lawson.
John Milan, CT is the
treasurer of ATA and chair
of ATA's Finance and Audit
Committee, as well as the
Strategy Committee. He
is also an ATA-certified
Portuguese>English
translator. He is an
economist, writer, and
lecturer on the business and
economics of language
services. He was an adjunct
professor of economics in
São Paulo, Brazil, for 10
years. He has been involved
in the Carolina Association
of Translators and
Interpreters (an ATA chapter)
since 2005, spending
eight years on its board
of directors, serving as
president from 2013-2016.
He has an MS in applied
microeconomics from Ohio
State University and degrees
in international political
economy and Spanish from
Indiana University. john@
milanlanguageservices.com
American Translators Association 15
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The ATA Chronicle - January/February 2022

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