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Financial Performance

Performing at a financial surplus is integral for ensuring that your association is financially viable and sustainable in the long-term.

FINANCIAL VIABILITY AND SUSTAINABILITY
  • Association leaders must ensure the association remains financially viable and sustainable.
  • Not-for-profit status means surplus funds cannot be given to members.
  • Not-for-profit associations still need to make a profit annually to maintain service delivery.
RESOURCES AND ADVICE
  • Seek clarification on not-for-profit status from the Australian Taxation Office.
  • Obtain professional financial advice from qualified accountants or financial advisers when creating budgets or making significant purchases.
TEMPLATES
VIDEOS

Practical Tips for undertaking Self assessment for NFP Status 2024

OTHER RESOURCES

Information from the Australian Taxation Office (ATO):

COMMUNITY GRANTS AND PHILANTHROPIC FUNDING

AES Association Executives Tool Kit

The AES Association Executives Tool Kit has been developed for use by leaders of not-for-profit associations within Australia. It covers all aspects of managing an association and is designed to be used by Boards, committees and staff as a resource to assist them in the growth and development of their association. It includes detailed information on the various aspects of strategic planning, including how to develop a mission statement, vision, goals, objectives and more.

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What are the spending limits for an Association CEO?
Published June 25, 2024

What are the spending limits for an Association CEO?

How much should an association or any organisation's CEO be allowed to spend?

Of course, it all depends on several factors, such as the size and financial health of the organisation. Having been a CEO of several similar organisations, here are some suggested guidelines.

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The Treasurer: One of the Most Important Roles on Any Board
Published July 2, 2022

The Treasurer: One of the Most Important Roles on Any Board

In any organisation the Treasurer bears the responsibility of managing its finances and overseeing all financial decisions. In a not-for-profit (NFP) association, much of the success of the organisation rests in its ability to acquire and appropriately utilise funds and thus the Treasurer plays an essential role in the NFP achieving its goals.




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4 Ideas to Ensure Your Association Remains Viable through COVID-19 and Beyond
Published June 2, 2020

4 Ideas to Ensure Your Association Remains Viable through COVID-19 and Beyond

It was early 2008, and I had just taken over as CEO of Materials Australia, an association with a membership base comprised of materials engineers and scientists. Around three months into the job, I discovered that the accountant has been stealing from the association for about 10 years. The balance sheet was not as it seemed and this was the beginning of three years of recovery. 

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The Impact Of COVID-19 On Your Association's Financial Statements
Published April 7, 2020

The Impact Of COVID-19 On Your Association's Financial Statements

The coronavirus (COVID-19) is having a significant health and economic impact globally.
Published May 16, 2018

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