2009 Annual Report - RTCA
2009 Annual Report - RTCA
2009 Annual Report - RTCA
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>2009</strong> Financial Summary<br />
YEAR ENDED DECEMBER 31, <strong>2009</strong><br />
<strong>RTCA</strong>, Inc. demonstrated sound fiscal management and accountability measures in <strong>2009</strong>,<br />
as shown in the audit completed in May 2010 by Calibre CPA Group. Operating revenue exceeded<br />
expenditures by $24,000. This positive result was achieved through increased membership<br />
dues from the Federal Aviation Administration in the fourth quarter of <strong>2009</strong>.<br />
Operating revenue totaled $1.96 million. <strong>RTCA</strong>, Inc. is a membership organization, with revenue from<br />
sources depicted in the figure below.<br />
Operating expenditures totaled $1.94 million as depicted in the figure below.<br />
In <strong>2009</strong>, <strong>RTCA</strong> Inc.’s net assets increased 24%; this increase was attributable primarily (21%) to longterm<br />
investment activity.<br />
This year <strong>RTCA</strong> made great strides in solidifying our role as the most effective public-private forum for<br />
resolving key technical, policy and financial challenges to modernizing the air transportation system.<br />
We owe our success to our members and the volunteers who participate in our committee and task<br />
force groups. The <strong>2009</strong> operating income will support our initiatives to update our infrastructure that<br />
serves as the foundation for forging and maintaining consensus, advance our membership services,<br />
and minimize the resources required to participate in committee, workgroup, task force, and other<br />
<strong>RTCA</strong> activities.<br />
<strong>2009</strong> Operating Revenue<br />
$1.96 Million<br />
<strong>2009</strong> Operating Expenses<br />
$1.94 Million<br />
Training Seminars<br />
3%<br />
Symposia<br />
6%<br />
Interest and<br />
Divdend Income<br />
1%<br />
Conference Room<br />
Sponsors<br />
1%<br />
Membership Development<br />
1%<br />
Management and<br />
General<br />
32%<br />
Committees and<br />
Task Forces<br />
40%<br />
Training<br />
Seminars<br />
4%<br />
Publication<br />
Sales<br />
21%<br />
Membership<br />
Dues<br />
68%<br />
Public Education<br />
4% Symposia<br />
8%<br />
Membership Services<br />
1%<br />
Publications<br />
8%<br />
<strong>2009</strong> <strong>Annual</strong> <strong>Report</strong> • <strong>RTCA</strong><br />
25