NFPA Journal®, May/June 2008

The NFPA Treasurer’s Annual Report is issued to Association members as required by Section 6.11, Paragraph 2, of the Bylaws of the Association, as adopted through amendment in November 2000.

Revenues in the first year of NFPA’s traditional three-year business cycle were higher than expected due to higher publication sales and royalty income. Expense savings were also achieved, resulting in a better-than-anticipated operating surplus of approximately $23 million.

NFPA’s investments outperformed the overall market. The portfolio increased approximately $19 million for the year, $9 million
from investment gains, and a $10 million transfer from short-term cash. NFPA’s total net assets increased to $182 million.

Capital expenditures for the year were $18.8 million and included the purchase of a building at the Batterymarch Park campus for investment purposes.

An analysis of revenue and excerpts from NFPA’s audited financial statements for the years ending December 31, 2007 and 2006 follows.