The NFPA Treasurer’s Annual Report is issued to Association members as required by the Articles of the Association, Section 6.11, Paragraph 2, as adopted through amendment to the Articles in November 2000.
The economic environment was fairly challenging in the first half of 2010 but did improve somewhat later in the year. Revenues in the first year of NFPA’s traditional three-year business cycle were slightly higher than expected due to higher National ElectricalCode® sales. Expense savings were also achieved, resulting in a better-than-anticipated operating surplus,before investment gains and pension adjustment, of approximately $21 million.
NFPA ended the year with approximately 73,000 members, a reduction from the previous year, but in line with expectations. Acquisition of new members continued to be difficult, but retention of existing members improved.
NFPA’s investment portfolio increased approximately $33 million for the year, $13 million from investment gains and a $20 million transfer from short-term cash. The Association’s total net assets increased to $198 million.
2011 Treasurer's Report