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{"id":5689,"date":"2016-07-27T12:27:13","date_gmt":"2016-07-27T12:27:13","guid":{"rendered":"http:\/\/annualreport.fisheries.org\/?p=5689"},"modified":"2016-08-05T13:40:33","modified_gmt":"2016-08-05T13:40:33","slug":"financials","status":"publish","type":"post","link":"https:\/\/annualreport2016.fisheries.org\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"[vc_row gap=&#8221;15&#8243; equal_height=&#8221;yes&#8221; content_placement=&#8221;top&#8221; css=&#8221;.vc_custom_1456143366903{margin-top: 15px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449585660682{padding-right: 35px !important;padding-left: 35px !important;background-color: #efefef !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][mk_padding_divider][vc_custom_heading text=&#8221;Total 2015 Revenue&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%23000000&#8243; use_theme_fonts=&#8221;yes&#8221;][mk_image src=&#8221;http:\/\/annualreport.fisheries.org\/wp-content\/uploads\/sites\/17\/2016\/07\/Revenue-3.png&#8221; image_width=&#8221;420&#8243; image_height=&#8221;293&#8243; align=&#8221;center&#8221;][vc_column_text]\n<ul>\n<li>All income categories reported increases over the prior year<\/li>\n<li>Meeting income doubled due to\u00a0a successful Annual Meeting in Portland<\/li>\n<li>Publications income grew significantly as did Grants\/Contracts<\/li>\n<li>Investment interest and dividend income was lower in 2015<\/li>\n<\/ul>\n[\/vc_column_text][mk_padding_divider][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1456143219006{padding-right: 35px !important;padding-left: 35px !important;background-color: #efefef !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][mk_padding_divider][vc_custom_heading text=&#8221;Total 2015 Expense&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%23000000&#8243; use_theme_fonts=&#8221;yes&#8221;][mk_image src=&#8221;http:\/\/annualreport.fisheries.org\/wp-content\/uploads\/sites\/17\/2016\/07\/Expense.png&#8221; image_width=&#8221;420&#8243; image_height=&#8221;293&#8243; align=&#8221;center&#8221;][vc_column_text]\n<ul>\n<li>Expenses increased 21% over last year reflecting additions of new programs and staff<\/li>\n<li>The ratio of Expenses to Net Assets, an indication of the sufficiency of financial resources, fell from 147% to 108% in 2015<\/li>\n<\/ul>\n[\/vc_column_text][mk_padding_divider][\/vc_column][\/vc_row][vc_row gap=&#8221;15&#8243; equal_height=&#8221;yes&#8221; content_placement=&#8221;top&#8221; css=&#8221;.vc_custom_1456143366903{margin-top: 15px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449585660682{padding-right: 35px !important;padding-left: 35px !important;background-color: #efefef !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][mk_padding_divider][vc_custom_heading text=&#8221;Net Assets and Total Assets&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%23000000&#8243; use_theme_fonts=&#8221;yes&#8221;][mk_image src=&#8221;http:\/\/annualreport.fisheries.org\/wp-content\/uploads\/sites\/17\/2016\/07\/assets.jpg&#8221; image_width=&#8221;459&#8243; image_height=&#8221;293&#8243; align=&#8221;center&#8221;][vc_column_text]\n<ul>\n<li>The Society ended another year with a strong financial position. Assets totaled $6.5M and were marginally lower than in 2014<\/li>\n<li>Liquidity remains high with 76% of Assets held in cash and investments<\/li>\n<li>Restricted funds have increased and now comprise 41% of Net Assets (vs 36% last year)<\/li>\n<\/ul>\n[\/vc_column_text][mk_padding_divider][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1456143219006{padding-right: 35px !important;padding-left: 35px !important;background-color: #efefef !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][mk_padding_divider][vc_custom_heading text=&#8221;Financial Results&#8221; font_container=&#8221;tag:h2|font_size:30|text_align:left|color:%23000000&#8243; use_theme_fonts=&#8221;yes&#8221;][mk_image src=&#8221;http:\/\/annualreport.fisheries.org\/wp-content\/uploads\/sites\/17\/2016\/07\/financial-results.png&#8221; image_width=&#8221;507&#8243; image_height=&#8221;274&#8243; align=&#8221;center&#8221;][vc_column_text]\n<ul>\n<li>Revenue totaled $2,708,000 in 2015 down 3.6% from last year<\/li>\n<li>Total Net Change was a $142,000 loss in 2015 as compared to a $462,000 increase in 2014<\/li>\n<li>Losses on assets in 2015 were $279,000 while 2014 showed a $305,000 gain<\/li>\n<li>Operating income was positive in 2015 and 2014 netting $137,000 and $157,000 respectively, before asset gains\/losses<\/li>\n<\/ul>\n[\/vc_column_text][mk_padding_divider][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>All income categories reported increases over the prior year. 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