SDPA Treasurer's Report 2023 Powerpoint Presentation

SDPA Treasurer's Report 2023

1. 2023 Financial Report February 15, 2024 Chad Cox, Psy.D. Treasurer 2024

2. A Brief Introduction of Chad How I came to be on the board? Previous Chair of the Men’s Issues Committee Treasurer- Elect 2023 under Treasurer Jessica Silsby Treasurer for 2024 to 2025

3. Financial Overview of 2023 For this presentation: Less detail, More big picture. Less why, more what. Cash Lower Membership Lower Administrative Expense Lower Net Program Expense Higher

4. Balance Sheet as of 12/31/2023 CASH $67,916 COMPUTERS/EQUIP $2,996 FURNITURE $4,076 TENANT’S IMPROV. $2,540 ACC. DEPREC ($8,746) ---------- EQUITY $68,782

5. Income vs Expenses for 2023 DUES $91,772 OTHER INCOME $3,115 MEMBERSHIP SPONSOR $2,000 PROGRAM INCOME $39,755 PROGRAM EXPENSE $84,815 ADMIN. EXPENSE $61,160 TAXES $1,698 DEPRECIATION $4,381 ---------- NET LOSS ($15,412)

6. Cash - Lower 12/31/2019 $125,840 12/31/2020 $149,727 12/31/2021 $131,536 12/31/2022 $84,178 12/31/2023 $67,916

7. Member Count – Lower DATE NO. June 2019 592 June 2020 553 June 2021 604 June 2022 594 June 2023 548

8. Member Dues RENEWAL PERIOD ENDING: 3/31/2019 $98,729 3/31/2020 $95,203 3/31/2021 $97,746 3/31/2022 $90,092 3/31/2023 $90,885

9. Administrative Expense 12/31/2019 $79,353 12/31/2020 $79,922 12/31/2021 $81,517 12/31/2022 $94,574 12/31/2023 $61,160 2023 “savings” in part due to a period of time without an office manager.

10. Net Program Expense - Higher Programs include conferences, social events, committee funded activities. Net Program Expense is Cost minus Income 12/31/2019 $25,790 12/31/2020 (COVID Yr. 1) $7,456 12/31/2021 $40,393 12/31/2022 $34,810 12/31/2023 $45,060

11. Bottom Lines of 2023 Cash Lower Membership Lower Administrative Expense Lower Net Program Expense Higher

12. Budget Plans - 2024 2023 net loss of 15k 2024 net gain of 10k (Goal!) Decrease Spending Increase Membership Increase Other Income Sources Decrease Administrative Expense

13. Contact Feel free to reach out to me with any questions! Email: [email protected] Phone: [phone] Web: DrChadCox.com