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2024 APNA Treasurer’s Report

Dear Colleagues,

Kristen Kichefski,  APNA Treasurer

I am pleased to provide the APNA Treasurer’s Report for the most recent fiscal year, 2023. The audited financial statements for the year ending December 31, 2023, can be found in the Appendix. This report shows the complete APNA financial position. All APNA financials are under the stewardship of the APNA Board of Directors. Results from the most recent audit reflect a net income of $207,277 for the year. As stated by our auditors APNA’s financial position is very strong. The established financial health of the organization has enabled it to withstand the impact caused by global investment conditions in recent years.

In an effort to oversee the integrity of its financial statements and maintain a system of internal control, APNA established an Audit Committee to review the results of the audited financial statements with an independent auditing firm annually. Last year’s audit resulted in a “clean” opinion with no material misstatements.

In addition to the statements discussed above, we have prepared the following charts reflecting the net results for the previous 5 years. APNA has experienced a cumulative positive return of $1,201,371 over this period.

The Board of Directors functions as the investment committee for APNA funds. It utilizes the services of an investment manager who invests the funds in accordance with APNA’s investment policy. The investment policy calls for a diversification of funds with monies invested in cash, equities, bonds and real estate. The following charts show the results of APNA investments from July 2003 through June 2024. APNA investments have returned a total of $2,289,143 over that period.
Investment Summary
(Inception to date)

It is my honor to serve as APNA Treasurer and I appreciate the support of staff, the Board, and the members.

Kristen Kichefski, MSN, MBA, RN-BC

Treasurer
American Psychiatric Nurses Association