NFPA Journal - May/June 2013 - (Page 50)

>>Treasurer’s rePOrT BY WAYNE BOYD, TREASURER T he NFPA Treasurer’s Annual Report is issued to Association members as required by the Articles of the Association, Section 6.11, Paragraph 2, as adopted through Amendment to the Articles in November 2000. The economic environment remained subdued for NFPA in 2012. Publication revenues were 8 percent below expectations, which is mainly attributable to reduced demand for NFPA codes in the new construction arena. Membership levels declined from 72,000 to 68,000 due to a reduction in new member acquisition, but retention of existing members was similar to previous years. Training revenues were slightly ahead of the previous year but below expectations. Expense savings across the organization were identified during the year. NFPA incurred a small operating deficit that was better than the budget and enjoyed strong returns on the investment portfolio. With total net assets in excess of $200 million, a healthy cash balance, and no debt, NFPA remains in a very sound financial position. Statements of Financial Position $000s $000s Assets Cash and cash equivalents Inventory, accounts receivable, and other assets Investments Real estate investments, property, and equipment Total assets 2012 2011 16,927 18,493 170,627 51,838 257,885 30,755 17,637 137,150 53,931 239,473 Liabilities and net assets Accounts payable and accrued expenses Pension liability Deferred revenues Total liabilities Total net assets Total liabilities and net assets 8,911 27,611 15,910 52,432 205,453 257,885 7,618 26,340 16,312 50,270 189,203 239,473 Statement of Activities Revenue Publications Membership Other Total revenue Expenses Operating (deficit)/surplus Real estate investments Pension liability adjustment Investment return Change in net assets Net assets at beginning of year Net assets at end of year 42,764 13,577 12,921 69,262 (70,769) (1,507) 1,803 (2,234) 18,188 16,250 189,203 205,453 46,065 13,786 14,023 73,874 (74,058) (184) 1,995 (13,445) 2,162 (9,472) 198,675 189,203 Statement of Cash Flows Cash flows from operating activities Cash flows from investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents as of beginning of year Cash and cash equivalents as of end of year 6,031 (19,859) (13,828) 30,755 16,927 8,503 (6,162) 2,341 28,414 30,755 Membership 20% 2012 REVENUE Publications 62% 50 NFPA JOURNAL MAY/JUNE 2013 Training 13% Contracts 3% Other 2%

Table of Contents for the Digital Edition of NFPA Journal - May/June 2013

NFPA Journal - May/June 2013
First Word
In a Flash
Heads Up
Structural Ops
In Compliance
Electrical Safety
Wildfire Watch
Treasurer's Report
Work in Progress
Amping It Up
Drill Team
Working Together
Code Process 2.0
Routine Maintenance
Here, There, Everywhere
Section Spotlight
Expo Preview: Exhibitors' Showcase
Looking Back

NFPA Journal - May/June 2013