Knowledge that Transforms

Financial:The Association remains in a strong financial position with total assets of $24.7 million as of June 30, 2022.For the past fiscal year, operating income was $33,486.This is close to break-even for the AFA operations.However, it should be noted that there were no catering expenses or travel grants due to a 2022 virtual meeting.With interest, dividends, realized and unrealized capital gains and losses, the total income for the fiscal year was -$2,873,484.Due to stock market losses as reflected in the total income (loss), the Association's net assets decreased by about 10% from the previous fiscal year.Please note: For details,