News from the Association

Notes from the President-December 2 Edition

Retained Earnings – During the Annual Budget meeting, a query arose regarding the “Retained Earnings” line item of $6,385,215 on the 2025 balance sheet.  In the context of a non-profit organization, this figure can be misconstrued as available cash, which is not the case.  Retained earnings in a For-profit corporation represents profits that are either

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