Celebrating - Divers Alert Network

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FINANCIALS END-OF-YEAR 2009 STATEMENT 09/10 PROGRESS REPORT SUPPORT AND REVENUE Membership Dues Business Membership Dues Underwriting Income Merchandise Sales Contributions Education and Training Revenue Other Income Royalty Income Insurance Commisions Net Assests Released from restrictions UNRESTRICTED $ 6,480,569 101,438 8,276,603 1,040,781 385,767 533,559 396,849 205,003 303,824 17,724,393 71,681 TEMPORARILY UNRESTRICTED $ - - - - 44,813 - - - - 158,607 (71,681) PERMANENTLY RESTRICTED $ - - - - 79,504 - - - - 79,504 - TOTALS $ 6,480,569 101,438 8,276,603 1,040,781 510,084 533,559 396,849 205,003 303,824 17,962,504 - TOTAL SUPPORT AND REVENUE 17,796,074 86,926 79,504 17,962,504 $ 79,504 $ 17,796,074 17,724,393 71,681 $ 17,962,504 17,796,074 $ 158,607 71,681 86,926 ALIGN ASCEND COLOR KEY UNRESTRICTED TEMP. UNRESTRICTED SUBTRACT PERM. RESTRICTED NET ASSETS RELEASED TOTALS
FINANCIALS CONTINUED EXPENSES Program Services UNRESTRICTED TEMPORARILY UNRESTRICTED PERMANENTLY RESTRICTED TOTALS 09/10 PROGRESS REPORT Member Services Underwriting Expenses Communications Education and Training Medical Research Marketing Business Member Services Technical Total Program Services Supporting Services General & Administrative Fundraising Total Program Services TOTAL EXPENSES $ 3,640,206 3,733,016 427,997 1,094,635 1,129,064 1,107,592 938,987 146,414 707,924 12,925,835 2,627,890 300,244 2,928,134 15,853,969 $ - - - - - - - - - - - - - - - - $ - - - - - - - - - - - - - - - - $ 3,640,206 3,733,016 427,997 1,094,635 1,129,064 1,107,592 938,987 146,414 707,924 12,925,835 2,627,890 300,244 2,928,134 15,853,969 + $ 1,805,363 CHANGES IN NET ASSETS OTHER INCOME INCOME TAXES $ 42,105 4,205 (393,412) + $ 1,591,741 $ 86,926 47,192 - + $ 134,118 $ 79,504 - - + $ 79,504 $ 2,108,535 91,397 (393,412) OTHER COMPREHENSIVE INCOME (1,157) - - (1,157) CHANGES IN NET ASSETS 1,591,741 134,118 79,504 1,805,363 NET ASSETS -2008 7,262,558 245,377 1,038,494 8,546,429 NET ASSETS - 2009 8,854,299 379,495 1,117,998 10,351,792 DEC ’08 DEC ’09 DEC ’08 DEC ’09 DEC ’08 DEC ’09 DEC ’08 DEC ’09 2010 FINANCIAL UPDATE The first six months of 2010 saw continued financial progress. Our revenue has improved and DAN’s total membership has been stable throughout the financial downturn. Business support for our mission remains strong, as our dive accident insurance program is growing, and sales of DAN trip insurance are up significantly. ASCEND When you put this together with organizational changes we’ve made – tighter financial controls, improved efficiency, cost reduction efforts – we are on track to end the year with a surplus. Even better, improvements in the efficiency of our organization and DAN’s enhanced productivity means our members will benefit from these changes for many years to come.
Page 1 and 2: 100 09/10 PROGRESS REPORT Celebrati
Page 3 and 4: CHAIRMAN’S LETTER CONTINUED Along
Page 5 and 6: MEDICAL SERVICES QUIET SOLDIER LOCA
Page 7 and 8: TRAINING, EDUCATION AND CME CONTINU
Page 9: RESEARCH CONTINUED INTERNSHIPS DAN

Celebrating - Divers Alert Network

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