| Using the definition of revenue required by IRS Form 990 (i.e. what AWLA calls “Revenue and Support”), let’s look at how AWLA presents its financial results in the newsletter it sends to all contributors and volunteers: | ||||
| FY2009 | FY2008 | FY2007 | FY2006 | |
| County Contract revenue | $1,229,326 | $1,189,643 | $1,077,335 | $867,073 |
| Total revenue | $2,097,424 | $1,891,129 | $1,723,392 | $1,407,399 |
| Total expenses | $2,132,436 | $1,888,788 | $1,714,156 | $1,611,482 |
| Surplus (deficit) on County Contract | ($174,422) | ($80,502) | ($77,574) | ($236,234) |
| Surplus (deficit), overall | ($35,011) | $2,341 | $9,236 | ($204,083) |
| Clearly, AWLA’s contract with Arlington County requires it to spend more money than it receives from the County. Even though the contract revenue rises each year, it’s never enough. It’s a good thing that AWLA donors help make up the difference! Still, AWLA struggles to break even in most years.
Now let’s look at AWLA’s actual Form 990 filings with the IRS. | ||||
| FY2009 | FY2008 | FY2007 | FY2006 | |
| Total revenue | $2,541,589 | $2,590,407 | $2,067,121 | $1,835,713 |
| Total expenses | $2,131,915 | $2,056,135 | $1,843,609 | $1,717,521 |
| Surplus (deficit) | $409,674 | $534,272 | $223,512 | $118,192 |
Hmmmm. Maybe the real numbers wouldn’t help the fundraising cause.
[...] AWLA Financials [...]
Wow. Looks like some cooking of the books was going on here, doesn’t it?
Ever wonder how they can justify paying the Ex. Director $94,000+ per year?