2018 Treasurer’s Report Summary
January 21, 2019
Full Report Available on Request
Last year was a great success for our organization in every way but one – that exception being our financial situation. We ended with a $20,769 operating loss after grappling with cash flow challenges all year. Primarily this was because of a conscious decision to invest in program development (particularly in vital areas of fire and forestry programs) as catastrophic wildfires decimated our area. Also, we experienced significant shortfalls in grants and special events revenue.
To be realistic, we must take a “glass half-full/half-empty” perspective. We had a very successful Giving Tuesday, and created a new Patreon campaign and Japan trip which we are just starting to monetize. Business sponsorships remain mostly unchanged, with more that can be done while maintaining our independence.
We managed expenses down as a result of decreased income. Only travel and conferences (due to Bioneers attendance) and other expense (primarily advertising) increased. In retrospect, we could have managed more aggressively as anticipated revenue failed to materialize. Special events generated losses; it was an unfortunate but prudent move to cancel the Harvest Dinner.
All of this will inform the work on the new strategic plan. There are several ways we will need to pivot our efforts in 2019 – from a financial standpoint we absolutely need to eliminate the worrisome operating deficit and establish a prudent cash reserve.
Still, from a programmatic standpoint – we should celebrate our successes! 2018 was about laying groundwork, and 2019 will be about achievement, which we are confident will happen. We have increased our value and effectiveness, strengthened our relationships and enhanced our standing in the community and even nationally with our innovative efforts as we preserve and protect our mountain environment. And that is why we do what we do.
Total income for 2018 decreased to $89,319 compared with $131,099 (-32%) the previous year.