The 2025 fiscal year ending August 31, 2025 closed with a net loss of $299,070 compared to a surplus of $682,466 the previous fiscal year. Total revenue was on par with the previous year, however a decreased membership, increased technology, travel and administration costs and lower unrealized investment income have all contributed to the deficit for 2025.
Membership has declined for a third year, from 2,899 to 2,607 members. The new membership database and renewal process has now been in place for an entire fiscal year and improvements and adjustments continue to be made in order to utilize the full benefits of the new technology for member recruitment and retention.
The past year, efforts were also focused on implementing and testing the functionality of the new website along with the new online member portal which will be launching in early 2026.
Administration costs have increased as we have added staff in key areas to ensure we are able to efficiently and effectively service the needs of the organization and its members.
Respectfully submitted,
Pam Cook
Treasurer 2024-2025
