AASP Newsletter - March 2019

Hillary Cauthen

Financial Report from Hillary Cauthen, AASP Secretary-Treasurer, on behalf of the AASP Executive Board

Spring 2019 is welcomed with many exciting, aspirational goals for the organization. The launch of AASP’s 2019-2022 Strategic Plan shows an exciting shift and growth for the organization. The new goals will also involve many budgetary and financial decisions to consider when striving to execute the established objectives for AASP’s continued growth. This report will present the 2019 projected budget, AASP’s financial performance over the past 3 years, and the most recent statement of assets.

In 2019, AASP is projecting a loss of approximately $57,000. This amount continues to demonstrate AASP’s commitment and investment to the new certification processes that are being rolled out. Specifically, in this area for 2019, AASP is projected to incur expenses related to the development of the CMPC® Resource Guide, CMPC® marketing with the initiation from the CMPC® Task Force, psychometric consultation, meeting(s) for the Certification Council, administrative support, and revenue sharing with ACSM – who help with providing results. 

Looking at the strategic plan, AASP continues to highlight and focus on the growth and investment for CMPCs, while also being mindful of the financial investments and expenses. This increased cost is significant due to the initiation of many of the strategic goals beginning in 2019. While some of these increased costs are projected to reoccur each year, the good news is that income generated from certification should also increase to offset these expenditures. We should also see a decrease in some of these expenses as we continue to execute the certification process. There has already been a large increase in the number of applications and recertifications, exceeding the initial projected numbers for 2018. AASP has projected that these numbers will continue to increase.  

Learning about the goals and expenses may not excite you, seeing the projected loss number, but what may shift that mindset is learning about the growth AASP has incurred over the last 12 months! AASP made a $65,000 profit in 2018 - (you read that right) - against a $55,000 budget loss. This was largely due to a more profitable conference in Toronto, 33% more certification revenue than budgeted, and 50% less certification expenses than anticipated.

I am excited about the opportunity to serve on the AASP Executive Board and share our financial growth and goals. Should you have questions, concerns, or suggestions related to the financial activity of AASP, please contact Hillary Cauthen, AASP Secretary-Treasurer at drcauthen@txopps.com.