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 also oversee the investment of our association’s reserves of over $2.2m to ensure appropriate growth of those funds within the investment portfolio.
The Finance Committee also worked with AHRA staff and our outside auditors to further strengthen our internal controls. AHRA staff worked with the Finance Committee to revise the 2020 budget and make adjustments to assure the organization has the necessary financial liquidity to continue to provide services to the membership. We are pleased to report a well-run association.