2017 Annual Report Finance

//2017 Annual Report Finance
2017 Annual Report Finance 2018-04-24T06:12:05+00:00

2017 ANNUAL REPORT

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FINANCE CERT S&P MEM SERV PROF DEV COMM PUB CASLI
Finance Update

Note that all figures used for calculating graphs and tickers are for RID’s standalone financial results, and do not include CASLI’s own figures, or any consolidated figures.  Those seeking consolidated figures should look at the Statement of Activities tab, below.  Those seeking CASLI’s own numbers should see the Financial Activities by Program tab and scroll down to the CASLI-specific information.

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Change in Net Assets
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Portion of Expenses for Programs and Services
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Change in Expenses (RID only)

Note: We’ve put explanations for some of the numbers in the tables. If the table cell is colored, then you can hover your mouse and a pop-up will appear.

Statement of Financial Position – With Consolidated Figures

ASSETS FY2017 RID Totals FY2017 CASLI Totals FY2017 CONSOLIDATED Totals FY2016 Totals
Current Assets and Inventory 1,422,096 485,557 1,862,690 1,151,019
Investments 630,470 0 520,470 522,708
Property and Equipment 920,674 0 920,674 994,984
Intangible Assets 8,198 0 8,198 22,698
Total Assets $2,981,438 $485,557 $3,312,032 $2,691,409
LIABILITES AND NET ASSETS
Current Liabilities 1,993,267 19,786 1,968,090 1,865,442
Long-term Debt 631,660 0 631,660 658,824
Total Liabilities $2,624,927 $19,786 $2,599,750 $2,524,266
Unrestricted 109,564 465,770 465,334 (85,584)
Temporarily Restricted 246,948 0 246,948 252,727
Total Net Assets $356,512 $465,770 $712,282 $167,143
Total liabilities and net assets $2,981,439 $485,556 $3,312,032 $2,691,409
Statement of Activities – With Consolidated Figures
Revenue FY2017 RID Totals FY2017 CASLI Totals FY2017 CONSOLIDATED Totals FY2016 Totals
Member Services 1,423,570 0 1,423,570 1,617,390
National Conferences 0 0 0 678,992
Certification 54,867 0 54,867 590,741
CASLI – Testing 0 481,220 481,220 0
Publications 102,614 0 102,614 191,280
Education 407,162 0 407,162 272,189
Ethics 162,665 0 162,665 103,238
Public Policy & Advocacy 142,497 0 142,497 0
VIEWS Advertising and Subscriptions 9,175 0 9,175 11,711
Contributions 44,249 190,047 44,249 183,334
Investment Return 11,690 0 11,690 5,750
Miscellaneous 0 3,400 3,400 4,500
Total Revenue $2,358,489 $674,667 $2,843,109 $3,659,125
Expenses FY2017 RID Totals FY2017 CASLI Totals FY2017 CONSOLIDATED Totals FY2016 Totals
Program Services 1,300,123 210,657 1,320,733 2,900,129
Management and General 868,997 108,240 977,237 710,103
Total Expenses $2,169,120 $318,897 $2,297,970 $3,610,232
Change in Net Assets $189,369 $355,770 $545,139 $48,893
Net Assets – Beginning of Year $167,143 $0 $167,143 $118,250
Net Assets – End of Year $356,512 $355,770 $712,282 $167,143
Statement of Cash Flows
OPERATING ACTIVITIES FY2017 CONSOLIDATED Totals FY2016 Totals
Change in Net Assets 545,139 48,893
Adjustments to reconcile Net Assets to net cash provided by operations:
Depreciation and Amortization 94,231 100,308
Loss on disposition of fixed assets 0 0
Unrealized (Gain) Loss on Investments (4,014) 4,380
Realized (Gain) Loss on Investments (644) (2,836)
Change in Allowance for Doubtful Accounts 155 155
Changes in Assets and Liabilities:
Accounts Receivable (9,318) (1,005)
Prepaid Expenses (32,678) (33,000)
Pledges Receivable 7,000 123,598
Other Receivable 0 0
Inventory 13,058 14,893
Accounts Payable and Accrued Expenses (1,286) (144,257)
Deferred Revenue – Membership Dues (244,916) (23,282)
Deferred Revenue – Conference 155,225 (505,960)
Deferred Revenue – Certification 32,692 45,054
Deferred Revenue – Education 15,525 95,091
Deferred Revenue – Ethics 10,975 42,816
Deferred Revenue – Public Policy and Advocacy 129,572 0
Due to Regions 3,662 (3,735)
Due to Member Sections (109) 3,391
Net Cash – Operating Activities 714,269 (235,496)
INVESTING ACTIVITIES FY2017 CONSOLIDATED Totals FY2016 Totals
Purchases of Investments 0 (250,948)
Sale of Investments 0 250,000
Reinvested Dividends (2,104) (2,619)
Increase in Certificate of Deposit 0 105,403
Purchases of Property and Equipment (5,421) (49,715)
Purchases of Intangible Assets 0 0
Net Cash – Investing Activities (7,525) 52,121
FINANCING ACTIVITIES FY2017 CONSOLIDATED Totals FY2016 Totals
Principal Drawn on Mortgage 0 0
Principal Payments on Mortgage (25,856) (24,524)
Net Cash – Financing Activities (25,856) (24,524)
FY2017 CONSOLIDATED Totals FY2016 Totals
Net cash increase for period 680,888 (207,899)
Cash at beginning of period 1,044,080 1,251,979
Cash at end of period 1,724,968 1,044,080
Supplemental Disclosure of Cash Flow Information
Cash Paid for Interest 33,266 34,601
FY2017 Financial Activities by Program – RID
Income Expenses NET INCOME(LOSS)
Member Services 1,423,570 309,513 1,114,057
Conferences 0 13,519 (13,519)
Certification 54,867 87,627 (32,760)
Publications 102,614 124,814 (22,200)
Education 407,162 161,405 245,757
Ethics 162,665 109,185 53,480
Public Policy and Advocacy 142,497 107,251 35,246
VIEWS Advertising and Subscriptions 9,175 69,980 (60,805)
Communications 0 126,782 (126,782)
CASLI 0 190,047 (190,047)
Total Programs and Services $2,302,550 $1,300,123 $1,002,427
Management and General 0 804,878 (804,878)
Board 0 64,119 (64,119)
Contributions and Pledges 44,249 0 44,249
Investment Return and Interest Income 11,690 0 11,690
Miscellaneous Income 0 0 0
Total Administrative $55,939 $868,997 ($813,058)
TOTAL FY2017 $2,358,489 $2,169,120
Change in Net Assets $189,369
FY2017 Financial Activities by Program – CASLI
Income Expenses NET INCOME(LOSS)
Testing 481,220 210,657 270,563
Total Programs and Services $481,220 $210,657 $270,563
Management and General 0 108,240 (108,240)
Contributions 190,047 0 190,047
Investment Income 0 0 0
Miscellaneous Income 3,400 0 3,400
Total Administrative $193,447 $108,240 $85,207
TOTAL FY2017 $674,667 $318,897
Change in Net Assets $355,770

Note that this is the Annual Comparison of RID’s Standalone Audited Financials

Statement of Activities
Revenue FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011
Member Dues Programs 2,135,894 2,004,528 1,976,908 1,996,479 1,992,701 1,839,254 1,607,276
Certification 54,867 590,741 579,877 564,280 513,034 910,413 749,987
All Other 167,728 1,063,856 392,589 872,648 589,602 1,215,946 394,739
Total Revenue $2,358,489 $3,659,125 $2,949,374 $3,433,407 $3,095,337 $3,965,613 $2,752,002
Expenses FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011
Programs and Services 1,300,123 2,900,129 2,431,810 2,581,168 2,422,451 3,166,644 2,595,979
Management and General 868,997 710,103 750,143 694,668 631,330 687,381 422,102
Total Expenses $2,169,120 $3,610,232 $3,181,953 $3,275,836 $3,053,781 $3,854,025 $3,018,081
Change in Net Assets $189,369 $48,893 ($232,579) $157,571 $41,556 $111,588 ($266,079)
Net Assets – Beginning of Year $167,143 $118,250 $350,829 $226,685 $185,129 $73,541 $339,620
Net Assets – End of Year $356,512 $167,143 $118,250 $384,256 $226,685 $185,129 $73,541
FY2017 Financial Analysis FY17 FY16
Total Members 14,752 15,411
Membership Dues $ 1,423,570.00 $ 1,617,390.00
Continuing Education Maint. and CMP Sponsor Fees $ 407,162.00 $ 272,189.00
Ethics Fees $ 162,665.00 $ 103,238.00
Public Policy/Advocacy Fees $ 142,497.00 $ –
Certification Fees $ 54,867.00 $ 590,741.00
VIEWs Advertising $ 9,175.00 $ 11,711.00
Conference Fees $ – $ 678,992.00
Publications Book Sales $ 102,614.00 $ 191,280.00
Contributions/Miscellaneous $ 44,249.00 $ 187,834.00
Investment Income $ 11,690.00 $ 5,750.00
Total Membership-Related Income $ 2,199,936.00 $ 2,595,269.00
Total Other Income $ 158,553.00 $ 1,063,856.00
Total FY Income from All Sources $ 2,358,489.00 $ 3,659,125.00
Revenue (From All Sources) Per Member: $ 159.88 $ 237.44
Member Services Program Costs $ 309,513.00 $ 270,818.00
Continuing Education/CMP Sponsors Costs $ 161,405.00 $ 165,320.00
Ethics Program Costs $ 109,185.00 $ 162,029.00
Public Policy/Advocacy Costs $ 107,251.00 $ 14,314.00
Certification Program Costs $ 87,627.00 $ 904,071.00
VIEWS and Advertising Costs $ 69,980.00 $ 30,297.00
Conference Costs $ 13,519.00 $ 864,673.00
Communications Program Costs $ 126,782.00 $ 224,711.00
Publications and Bookstore Costs $ 124,814.00 $ 149,416.00
Board Costs $ 64,119.00 $ 114,480.00
CASLI Costs Donated $ 190,047.00 $ –
Management/Administrative Costs $ 804,878.00 $ 710,103.00
Total Membership-Related Costs $ 844,961.00 $ 1,546,849.00
Total Other Costs $ 1,324,159.00 $ 2,063,383.00
Total FY Costs from All Sources $ 2,169,120.00 $ 3,610,232.00
Cost (From All Sources) Per Member $ 147.04 $ 234.26
NET PROFIT PER MEMBER $ 12.84 $ 3.17

Note that all of these charts reflect RID’s performance, and do not include any CASLI/consolidated data other than what RID bore as part of the two-year MOU.

 

FY17 RID Revenue Trends

FY17 RID Revenue by Source

FY17 RID Program Expenses

FY17 Major Expense Categories

FY17 RID Expense Trends

FY17 RID Change in Assets

For more information on the structure and evolution of RID’s Dues and Fees, see the article here: https://www.rid.org/2016/03/2016-dues-and-fees-explained/

 

Dues 2007-2017 Certified Members

Dues 2007-2017 Associate Members

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