October 1995 Bulletin

Statement of Revenues, Expenses, and Changes in Fund Balance

As of April 30 1995 1994
Revenues relating to program and member service activities
Membership $7,589,962 $5,943,527
Annual Meeting 7,112,192 7,349,891
Electronic media and evaluation products 2,309,865 2,579,049
Expenses relating to program and member service activities
Publications 6,243,194 6,321,532
Continuing education 3,974,501 3,947,255
Specialty society management 679,887 597,150
Total revenues $27,909,601 $26,738,404
Membership 835,915 895,707
Annual Meeting /td> 3,956,504 3,986,982
Electronic media and evaluation products 1,926,025 2,064,917
Publications 4,525,473 4,582,061
Continuing education 4,044,044 4,386,934
Specialty society management 899,433 735,284
Total program and member service expenses 16,187,394 16,651,885
Expenses relating to supporting services
Governance 1,983,883 2,645,522
Health policy, research and other education activities 3,521,640 3,283,346
General and administrative 5,041,209 4,311,237
Total expenses for supporting services 10,546,732 10,240,105
Excess (deficiency)of revenues over expenses before investment activities 1,175,475 (153,586)
Investment activities
Dividend and interest income on investment funds, net of fees 770,846 635,043
Gain (loss) on investment funds 1,226,883 (1,494)
Interest expense, net of interest earned on escrow fund of $16,475 in 1995 and $13,282 in 1994 (430,073) (438,300)
Total investment activities 1,567,656 195,249
Contributions to AAOS for learning center construction 85,000 170,000
Excess of revenues over expenses 27,820,974 2,828,131
Fund balance
Beginning of year   27,609,311
End of year $30,649,105 $27,820,974


Home Previous Page