financialresults


SUMMARY OF FINANCIAL OPERATIONS For the Year Ended Dec. 31, 2011


REVENUES Membership Dues


Royalties and Other Income Investment Income Advertising Income Total Revenues


EXPENSES Magazine and Website


Member Services and Programs Legislative Affairs Chapter Affairs


Educational Assistance Transition Services (TOPS) Total Expenses


Revenues Less Expenses


($000) $9,210 6,394


(8,357) 2,676


$9,923


$7,118 5,970 2,358 2,196 1,840 1,821


$21,303 $(11,380)


STATEMENT OF FINANCIAL POSITION For the Year Ended Dec. 31, 2011


ASSETS Cash


Receivables Prepaid


Beneficial Interests in Trusts Loans to Students Investments


Property and Equipment Total Assets


LIABILITIES AND NET ASSETS Accounts Payable


Deferred Dues Income Widow’s Trust Liability Accrued Pension Liability Split Interest Liabilities Total Liabilities Net Assets


Total Liabilities and Net Assets


($000) $1,604 3,424 675


4,403


42,447 123,943 2,017


$178,513


$2,942 57,188 2,821 1,335 2,488 66,774 111,739


$178,513 EXPENSES Magazine and Website ($000) $7,118 33%


Member Services and Programs 5,970 28% Legislative Affairs Chapter Affairs


Educational Assistance Transition Services (TOPS) Total Expenses


2,358 11% 2,196 10% 1,840 9% 1,821 9%


$21,303 100%


Independent Audit: The Military Officers Association of America Financial Statements for the year ended Dec. 31, 2011, were audited by the independent audit firm Clifton LarsonAllen LLP. Copies of the report have been provided to all members of MOAA’s board of directors.


$15,000 $10,000 $5,000 $0


($5,000) ($10,000)


REVENUES Membership Dues Membership Dues


Royalties and Other Income


Advertising Income


Total Revenues


Investment Income


($000) $9,210 93%


Royalties and Other Income 6,394 64% Investment Income Advertising Income Total Revenues


Transition Services (TOPS)


(8,357) (84%) 2,676 27% $9,923 100%


Educational Assistance


Magazine and Website


Chapter Affairs


Legislative Affairs


Member Services and Programs


CHARTS: ROSE RICHEY


JUNE 2012 MILITARY OFFICER 69


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