The Financial Health of Our Organizations: AMTA

This is a follow-up to my blog of June 19 about AMTA’s fiscal responsibility. In the next couple of months I will be reporting on the financial condition of all our non-profit professional organizations.

Someone from AMTA asked me why I didn’t pick on ABMP, and the short answer is, they are a not a non-profit organization. When an organization holds itself out as non-profit, the membership (and the public) has a right to know. Incidentally, I am a member of both organizations.

The recession has not been kind to AMTA. According to their Form 990, the organization has taken a 5.6 million-dollar hit on their investments (publicly traded securities) during the fiscal year from March 2008-Feb 2009. While assets decreased, liabilities increased by almost 1 million dollars since last year. Total revenues were down by $513,000, in spite of the fact that there was an increase of $424,000 in dues collected. Read More.....