Members - American Academy of Neurology

membeRs ARe The
bAckbone oF
The AcAdemy
Consolidated net assets increased $5.2 million in 2006. Long-term investment
gains coupled with interest on cash balances contributed just under $3 million to
the increase. During the year, the Academy increased its long-term investments
with the addition of $4 million transferred from the cash account. Total unrestricted
net assets of $27 million are essential to offset any potential downturn in
publishing revenue as a result of declining advertising revenue, provide working
capital reserves, potential acquisition of a building for the Academy operations,
and maintain membership dues at current rates. A five-year comparison of the
Academy’s financial position is as follows:
ASSETS 2006 2005 2004 2003 2002
As of December 31 (in thousands)
Cash $ 9,427 $11,314 $ 7,658 $ 8,576 $ 9,273
Long Term Investments 25,622 19,116 15,721 12,444 6,950
Accounts Receivable 4,144 3,500 5,983 2,166 4,672
Equipment and
Leasehold Improvements 462 394 432 425 256
Other Assets 276 285 504 764 517
Total Assets $40,420 $35,147 $30,872 $24,870 $22,319