NFPA Journal - May/June 2017 - 104

Treasurer's Report 2016

In accordance with
general responsibilities, the
following NFPA Treasurer's
Annual Report is issued to
Association members.
Publication revenues were ahead of
expectations in 2016, with higher sales
of the NEC and the NEC handbook
compared to last year. Revenues over
the three-year publication cycle continued to improve. Membership levels
continued to erode and ended the year
at approximately 57,000 members.
Improved conference attendance and
exhibit sales helped lift membership
revenues slightly over the previous year.
Training revenues were below the previous year and were offset by increased
royalty income. Total revenues were
ahead of expectations and 11 percent
higher than the prior year.
Total expenses for the Association
increased but less than the revenue
growth and NFPA generated a healthy
operating surplus, well ahead of the
budgeted deficit. NFPA experienced
solid returns in the investment portfolio, offset somewhat by the unfavorable
pension liability adjustment. Overall
the Association experienced an increase
in net assets of approximately $18 million and NFPA remains in a very sound
financial position.

Publications

69%

FROM TOM LAWSON,
TREASURER

$'000s

$'000s

2016

2015

Statements of Financial Position
Assets
Cash and cash equivalents
Inventory, accounts receivable, and other assets
Investments
Real estate investments, property, and equipment
Total assets

28,857
23,145
224,762
51,290
328,054

23,298
22,461
210,582
47,592
303,933

Liabilities and net assets
Accounts payable and accrued expenses
Pension liability
Deferred revenues
Total liabilities
Total net assets
Total liabilities and net assets

12,701
28,152
15,589
56,442
271,612
328,054

11,388
22,261
16,500
50,149
253,784
303,933

Statements of Activities
Revenue
Publications
Membership
Other
Total revenue
Expenses
Operating surplus
Real estate investments
Pension liability adjustment
Investment return
Change in net assets
Net assets as of beginning of year
Net assets as of end of year

60,215
13,496
13,004
86,715
(79,016)
7,699
1,022
(4,966)
14,073
17,828
253,784
271,612

52,008
13,298
12,804
78,110
(76,154)
1,956
915
(2,745)
(6,564)
(6,438)
260,222
253,784

17,370
(11,811)
5,559
23,298
28,857

10,239
(10,233)
6
23,292
23,298

Statements 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

Membership

16%

Training

11%

2016 u
REVENUE

104 | NFPA JOURNAL * M A Y / J U N E 2 0 1 7

Contracts

2%

Other

2%



Table of Contents for the Digital Edition of NFPA Journal - May/June 2017

Contents
NFPA Journal - May/June 2017 - Cover1
NFPA Journal - May/June 2017 - Cover2
NFPA Journal - May/June 2017 - 1
NFPA Journal - May/June 2017 - Contents
NFPA Journal - May/June 2017 - 3
NFPA Journal - May/June 2017 - 4
NFPA Journal - May/June 2017 - 5
NFPA Journal - May/June 2017 - 6
NFPA Journal - May/June 2017 - 7
NFPA Journal - May/June 2017 - 8
NFPA Journal - May/June 2017 - 9
NFPA Journal - May/June 2017 - 10
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NFPA Journal - May/June 2017 - 12
NFPA Journal - May/June 2017 - 13
NFPA Journal - May/June 2017 - 14
NFPA Journal - May/June 2017 - 15
NFPA Journal - May/June 2017 - 16
NFPA Journal - May/June 2017 - I1
NFPA Journal - May/June 2017 - I2
NFPA Journal - May/June 2017 - 17
NFPA Journal - May/June 2017 - 18
NFPA Journal - May/June 2017 - 19
NFPA Journal - May/June 2017 - 20
NFPA Journal - May/June 2017 - 21
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NFPA Journal - May/June 2017 - 103
NFPA Journal - May/June 2017 - 104
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NFPA Journal - May/June 2017 - 112
NFPA Journal - May/June 2017 - 113
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NFPA Journal - May/June 2017 - 159
NFPA Journal - May/June 2017 - 160
NFPA Journal - May/June 2017 - Cover3
NFPA Journal - May/June 2017 - Cover4
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