Dear Board and Fellow ACA Members,

Here are the December Financial Statements for your review. Please bear in mind these are not audited statements and may be subject to revision at a later date. This is the most accurate information our  accountants have made available at this time.

 Treasurer’s Report

These Financial Statements are posted on the new ACA website at acawso.org.  Click on Treasurer’s Report on the side menu.

Balance Sheet

CLICK HERE TO VIEW THE DECEMBER, 2019 BALANCE SHEET

In reviewing the Balance Sheet we can see ACA WSO ended the month with $687,829 in Total Assets. This is a decrease of $8,870 from the previous month and is due primarily to a continued decrease in our Liabilities. Our Total Liabilities decreased by more than $13,000 because we paid off expenses that were accrued in previous months but had not actually been paid for until December. Our total cash increased by $6,086 and our inventory decreased as a sales offset.  Our Cash and Cash Equivalents increased by $17,395. We are in good financial condition and are continuing to meet all our regular obligations without drawing into reserves.

WSO’s Total Liabilities and Equity of $687,829 at the end of the period that leaves us with a Year-To-Date net income of $84,601.

Profit & Loss Statement – Previous Month

CLICK HERE TO VIEW THE DECEMBER, 2019 PROFIT & LOSS STATEMENT to PREVIOUS MONTH

Looking at the P&L we can see Total Income for the month was $91,722. This is higher than the previous month by $3,729. This is due to an increase in contributions as well as audio book and European sales.  The Cost of Goods Sold (COGS) was $50,092 and was a little higher compared to the prior month’s COGS of $49,648 leaving WSO a Gross Profit of $41,630 before expenses.  We had a Gross Margin of 45.3% for the month compared to about a 39% average for the publishing industry. Gross margin is calculated by subtracting cost of goods sold (COGS) from total revenue and dividing that number by total revenue.

Overall WSO expenses were $37,435 including payroll and operating expenses resulting in a net income of $4,195 for the month.

Profit & Loss Statement – YTD

CLICK HERE TO VIEW THE DECEMBER, 2019 PROFIT & LOSS STATEMENT to YTD

Our YTD Total Income is $1,203,746. Subtracting COGS of $543,566 and Total Expenses of  $458, 965 leaves WSO with a Net Income of approximately $84,601. This which will cover the sales tax liability detailed in the Finance Committee report. So as a non-profit we will about break even for the year as a result of this unplanned sales tax expense.

7th Tradition Contribution Report:

WSO received $12,335.00 in 7th Tradition Contributions for the month from members, groups, and intergroups. This is up by about $3,500 from the prior month. We budgeted right at $10,000 per month needed in contributions to fund our committees and programs.

To see the 7th Tradition Contributions for the month click the link below or go to the 7th Traditions tab in the right-side menu of the acawso.org website.

CLICK HERE TO VIEW THE 7TH TRADITION CONTRIBUTIONS

In service,

Bill D., Treasurer
ACA WSO