Spring 2020 Treasurer’s Report - Budget Overview

10 May 2020 9:56 PM | Caroline Merritt (Administrator)

2019 AND 2020 YEAR-T0-DATE BUDGET OVERVIEW

ISHP had a financially successful 2019 as we surpassed our income expectations and ended the year with a net gain of $29,175.95. We are thankful for strong Fall Meeting participation (registration and booth fees) and membership as well as the ability to offer additional educational opportunities that helped drive our 2019 income. We also had lower expenses than anticipated.

As always, ISHP will be using and saving our funds responsibly and judiciously. The unexpected 2019 income allowed us to support two non-budgeted items in 2020:

1) Purchase of Zoom Pro account membership

2) Hire of a Lobbyist (Caroline Merritt)

Given the need for reliable virtual conferencing, we are thankful to have the ability to host Zoom meetings. Hire of Caroline as ISHP’s Lobbyist has also helped move forward the organization’s strategic planning efforts.

With the COVID-19 pandemic there is some uncertainty in 2020. Historically, our Spring and Fall Meetings have been income-generating events for us and it is likely that this will not be the case for 2020. ISHP leadership and the Finance Committee continue to explore alternative revenue opportunities to help our organization move to sustainable (and non-meeting dependent) income opportunities.

Further details on ISHP’s 2019 and 2020 year-to-date income and expenses are available here.


Contact Us:
(208) 342-2581
ishpcontact@gmail.com

Address:
P.O. Box 7625
Boise, ID 83707

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