2016 WY Annual Convention Yearbook

2016 Wyoming Nurses Association
Fiscal Year July 1, 2015 through June 30, 2016
Financial Summary
Operating Revenues:
Membership Dues: We profited an increase of $3,422 compared to what we budgeted.
Convention: The 2015 convention we profited $9,561.31 from convention. The P&L for this fiscal year reflects
$11,486.31 as profit. However, we paid $2,250.00 in deposits to presenters that were distributed in the prior
fiscal year. The venue prices and increase in sponsorships this year were the variables that drove the increase in
profitability; registrations were still down an average of 18 people compared to the prior three years.
Legislative Day: We budgeted to profit $7,250 on Nurses Day at the Legislature (NDL). We resulted in a profit
of $4,338.22. This is a decrease from previous years because of us moving to a one-day format, compared to a
two-day registration price. Exhibitor and sponsorship revenue were at a record high of $7,314.95.
Non-Dues Revenue: This year we have seen a dynamic increase in our career center royalty payments. This
is the third year we have had the career center. When we started, the ROI was projected to be realized in the
fourth year, so this is great news to already be at $2,640.01.
Region Income: All district accounts have been closed and deposits have been reflected on the P&L. The
amount that we budget for the region income on the P&L is only for their region dues income. We didn’t
know what amount each district had so we hadn’t budgeted for this. Region dues payments are transferred to
each region account quarterly (October, January, April, July).
Wyoming Chapter AONE: When the Wyoming Chapter of AONE dissolved they allocated their reserve
funds to WNA to allocated for use in leadership development.
Operating Expenses:
We were over budget in two areas this fiscal year: board meeting and travel.
Board meeting is over budget due to the purchase of the board orientation book and mailing it to all board
members and covering the meal cost at the board dinner. Meals were covered this year for two meetings and
retreats, since board members pay their own travel cost and registration to attend events. We built this into
the coming years budget.
Staff travel is over budget for two reasons: airfare cost has been higher this year then what we have had in
years past. The ED has also been on a national level more days in the past year for Membership Assembly and
President Emersion. The ED attended the ANA board meeting prior to membership assembly and attended
the entire event for President Immersion this year. NDL travel was also higher than what it has been in past
years, and the January P&L includes NDL travel.
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