State of the Association—2006: A milestone year

摘要

Our Association is certainly not unique in the challenges that we have faced in recent years. Associations large and small continue to experience the effects of the post-9/11 economy, increased competition, and growing time constraints on members. However, back in 2000, A & WMA found itself at a real crossroads as we stared at a negative fund balance of US$410,000. Faced with this crisis, and with no margin for error, a committed group of Board members, volunteers, and staff embarked on a carefully planned journey of recovery. The Board initiated a significant change in policy by assuming responsibility for the Association's strategic planning, rather than delegating this function to a committee. With that first step, we began our journey, and in September 2001, the Board adopted a vision for the future and initiated a new strategic planning process. As part of that strategic plan, the Board set a goal to return A & WMA's fund balance to US$1.5 million by the end of 2006.