AASP Newsletter - March 2020

Hillary Cauthen

The start of a new decade is an ideal time to appreciate the accomplishments of our organization. The financial maintenance and growth reflect the membership and continued investment in AASP’s Strategic Plan. The focus remains the same—continue to execute the established strategic plan through conservative budgetary and financial actions. The AASP Executive Board values the opportunity to provide a financial overview of the organization. This report will present the 2020 budget, AASP’s financial performance over the past 3 years, and the most recent statement of assets.

AASP financials are in a very steady and solid place. For the first time in AASP history we exceeded $1 million in income and expense. Yes, exciting, but we can put away our dancing shoes and focus on the goals of the organization. Our values are not changing, AASP will continue to function strategically and responsibly with our financial investments. The 2020 budget is anticipating a break-even year with a projected profit of $533.

In 2019, AASP projected a loss of approximately $57,000. However, for the second year in a row, AASP has made profit; $111,651. AASP exceeded projected income in all areas except for the AASP Foundation, with the best outperformance being the Annual Conference which had record attendance!

AASP’s financials continue to demonstrate the organization’s commitment and investment to the recently accredited Certified Mental Performance Consultant® (CMPC) certification program. Specifically, in this area for 2020, AASP is projected to incur expenses related to the development of a CMPC® Exam Resource Guide, CMPC® marketing with the initiation from the CMPC® Task Force, psychometric consultation, meeting(s) for the Certification Council, and administrative support.

AASP’s finances reflect our organization’s growth and continued commitment to focus on the needs of our members and those we serve. The increased growth in membership and investment in goals will always require money, but AASP will continue to use conservative budgeting strategies and continuous monitoring of finances.

Thank you for your continued investment in the association. I appreciate the opportunity to serve 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.