fi nancialresults Investment Income

SUMMARY OF FINANCIAL OPERATIONS For the Year Ended Dec. 31, 2014

REVENUES (in thousands) Membership Dues

Royalties and Other Income Advertising Income Investment Income Total Revenues

EXPENSES Magazine and Website

Member Services and Programs Transition Services Legislative Affairs Chapter Affairs

Educational Assistance

Life Member Funding Adjustment Total Expenses

Revenues Less Expenses Membership Dues

$9,820 5,684 2,358 760

$18,622

$6,809 5,430 3,266 2,503 2,063 2,014 2,000

$24,085 ($5,463)

STATEMENT OF FINANCIAL POSITION For the Year Ended Dec. 31, 2014

ASSETS (in thousands) Cash

Receivables

Prepaid Assets Investments

Property and Equipment Total Assets

LIABILITIES AND NET ASSETS Accounts Payable

Accrued Pension Liability Deferred Income

Widows' Trust Liability Total Liabilities Net Assets

Total Liabilities and Net Assets

$3,955 1,582 493

114,100 2,083

$ 122,213

$2,042 1,003

63,832 1,439

$68,316 53,897

$122,213

EXPENSES (in thousands) Magazine and Website

$6,809 28%

Member Services and Programs 5,430 23% Transition Services Legislative Affairs Chapter Affairs

Educational Assistance Life Member Adjustment Total Expenses

3,266 14% 2,503 10% 2,063 9% 2,014 8% 2,000 8%

$24,085 100%

Independent Audit: The Military Officers Association of America Financial Statements for the year ended Dec. 31, 2014, were audited by the independent audit firm CliftonLarsonAllen LLP. Copies of the report have been provided to all members of MOAA’s board of directors.

REVENUES (in thousands) Membership Dues

$9,820 53%

Royalties and Other Income 5,684 30% Advertising Income Investment Income Total Revenues

2,358 13% 760 4%

$18,622 100% Life Member Adjustment and Website

Member Services and Programs

Magazine Chapter Affairs

Legislative Affairs

Transition Services

Advertising Income

Other Income

Royalties and

Educational Assistance

JUNE 2015 MILITARY OFFICER 71