2008 Revenue Report
NFPA Journal®, May/June 2009
The NFPA Treasurer’s Annual Reportis issued to NFPA members as required by Section 6.11, Paragraph 2, of the Bylaws of the Association, adopted through amendment in November 2000.
Revenues in the second year of NFPA’s traditional three-year business cycle were in line with expectations, a very pleasing result in this difficult economic environment. The operating surplus before investment losses and pension adjustment was slightly under $16 million for the full year.
NFPA’s investments were subject to the dramatic downturn in the stock market. Investment losses, coupled with a pension liability adjustment, produced a net asset reduction of approximately $41 million. Even with these losses, NFPA remains in a very strong financial position, and during 2008 made a $6 million donation to the Fire Protection Research Foundation.
Capital expenditures for the year were approximately $2.5 million, with $1.5 million for improvements to NFPA’s real estate investments. These investments generated positive returns for 2008. Cash and cash equivalents increased by approximately $7.5 million over the previous year, to $18.8 million.