The Finance Committee of the AHRA Board of Directors meets monthly to review the financial metrics and activities related to the AHRA and the AHRA Education Foundation. We review results against expected financial performance as well as overseeing the annual audit and submission of the IRS form 990.
We are pleased to report that through May year to date, AHRA has a net surplus of $443,219 versus a budget of $199,416. Additionally, the AHRA Education Foundation is performing very well with the total dollars raised from corporate and individual contributions exceeding $460,000 with 33 corporate investments and average member investment at over $153.
The Finance Committee also worked with AHRA Staff and our outside auditors to further strengthen our internal controls around vendor management, payroll controls and compensation. We are pleased to report a very clean audit and well run association.