By Tony Nash, IAF Treasurer, CPF
Treasurer’s report for the year ended 31 December 2017.
The International Association of Facilitators (IAF) is solvent with cash and reserves in excess of US$150,000.00.
Financially, 2017 was another challenging year for the IAF. Total income before expenses for the year was US$533,925.49. Expenses after adjustments were $535,727.05, resulting in a small net deficit of $1,801.56.
Several factors contributed to this result: