Summary:
The period of this report is from September 1, 2008 to September 30, 2009. The official NACA fiscal year begins September 1st and ends August 31st of the following calendar year. The financial report therefore delineates this fiscal period and also provides the most up-to-date information from 09-01-2009 to 09-30-2009. Details are presented in Attachments 1 to 3. A number of important processes and policies are being developed to address continuous improvement opportunities in NACA’s operations.

Analysis:

1. The figures include funds brought over from 2007-2008 fiscal year.

2. The 2008 annual convention held in Atlanta, Georgia accounted for the highest percentage of generated revenues (~50%). However, it also accounted for even higher percentage of expenses for the year (~60%).

3. NACA was able to operate successfully during the year because of donations made by dedicated members, the reconstruction conferences held by the Delaware Valley Chapter in May 2009 and the New England Chapter in July 2009. The return on investment due to change in format facilitated an increase in net proceeds from ~$985 in 2008 to ~$1,750 in 2009, almost a two-fold increase.

4. The Association undertook one project during the 2008-2009 year which was the Vai Literacy Association Transcript Project. See attachment 3.

5. NACA experienced bad debt of $1,100 from the 2008 convention.

Lucille Dede Harvey
National Treasurer, NACA, Inc.

Willie Givens Jr.
National President, NACA, Inc.

Available Downloads:

2009 Financial Report (.doc file)

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