Report of the Executive Secretary and Treasurer

• Date: 01 August 2019
• Published date: 01 August 2019
• DOI: http://doi.org/10.1111/jofi.12826

THE JOURNAL OF FINANCE •VOL. LXXIV, NO. 4 •AUGUST 2019

AMERICAN FINANCE ASSOCIATION

Report of the Executive Secretary and Treasurer

for the Fiscal Year Ending June 30, 2018

Financial: The Association remains in a strong financial position with the

total assets $19.2 million as of June 30, 2018. Net Operating Income for the

fiscal year was $544,590. Realized and unrealized capital gains amounted to

$860,000 for the same period bringing total income to $1.4 million for the

period. The Association’s net worth increased by 8% for the fiscal year.

Please note: For details, the audited financial statements are now posted on

the AFA website (www.afajof.org).

Membership: Membership totals over the past 10 years are represented in

the following exhibit:

0

2000

4000

6000

8000

10000

12000

14000

Library and Corporate

Lifeme members and

Sponsors

Student Members

Acve Members

Total membership numbers increased over 8% between 2017 and 2018 to

over 11,400. Our regular (active) membership numbers increased 4.9% while

student members increased 39.5% over last year. However, the library and

corporate memberships are down 16.6%.

Annual Meeting: The Annual Meeting for 2020 will be held in San Diego,

January 3–5 (Friday, Saturday, & Sunday). For the following three years the

ASSA Meetings are scheduled as follows:

2021 January 3–5 Chicago (Sunday, Monday, & Tuesday)

2022 January 7–9 Boston (Friday, Saturday, & Sunday)

2023 January 6–8 New Orleans (Friday, Saturday, & Sunday)

Respectfully submitted,

Jim Schallheim

DOI: 10.1111/jofi.12826

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