The ATA Chronicle - January/February 2021 - 12

Preliminary Consolidated Statement of Activities (with overhead distribution)
July 1, 2019 to June 30, 2020

coming months. The Board
and the membership, as a
whole, should be prepared for
some tough conversations,
which will be necessary to
ensure ATA's continued
financial success.

NOTES
1
As a nonprofit, ATA's
change in net assets
indicates earnings or
losses during the
fiscal year.
2

ATA allocates part of its
overhead to programs,
such as the conference,
certification, divisions,
etc., based on the
number of hours that
Headquarters staff spend
working on them. This
allocation provides a
more accurate view of
their actual cost.

3

Milan, John. " Treasurer's
Report: July to December
2019 + Budget, " The ATA
Chronicle (July/August
2020), 7, http://bit.ly/
Treasurer-Report.

4

This is a good place to
point out that the charts,
graphs, and statements
included in this report
were all prepared by
ATA's very competent
and much-appreciated
accounting and finance
manager, Kirk Lawson.
Please thank Kirk for all
his hard work the next
time you get a chance.

John Milan, CT is the treasurer of ATA and chair of ATA's Finance and Audit Committee.
He is also an ATA-certified Portuguese>English translator. He is an economist, writer, and
lecturer on the business and economics of language services. He was an adjunct professor
of economics in São Paulo, Brazil, for 10 years. He has been involved in the Carolina
Association of Translators and Interpreters (an ATA chapter) since 2005, spending eight years
on its board of directors, serving as president from 2013-2016. He has an MS in applied
microeconomics from Ohio State University and degrees in international political economy and
Spanish from Indiana University. john@milanlanguageservices.com

12

The ATA Chronicle | Januar y/February 2021

www.atanet.org



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The ATA Chronicle - January/February 2021

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