AAPA Treasurer's Report
One fascinating annual presentation at the AAPA HOD that we at ADVANCE try not to miss is the treasurer's report. Bruce Fichandler, PA, manages to simultaneously cram the report with humor and a large amount of data about the finances of the academy.
Not surprisingly, the academy has not been immune to the tough economic times. Overall, revenue is down from $1,568,700 in 2008 to $1,527,900 in 2009. Among the sources of revenue that have seen a decrease since last year's report are royalties (e.g., money from renting mailing lists, etc.), conference revenues and the value of the academy's investment portfolio. One bright spot was that, thanks in part to last year's dues increase, AAPA member dues revenues are up. Fair warning, though: Fichandler cautioned that the academy can't wait eight years again for another dues increase.