AMWA Journal / V36 N1 / 2021 / amwa.org    53

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from $800,000 to $1,600,000. AMWA’s unrestricted short- and 

long-term investment reserve level of $1,800,000 on June 30, 

2020, was within this targeted range.

 AMWA’s restricted Endowment and McGovern funds 

totaled $205,200 and $169,000, respectively.

Financial Position
An organization’s financial position is reflected in its asset 

and liability holdings. AMWA is well positioned to pay its obli-

gations and plan for the future. Total assets were $3,160,138 

as of June 30, 2020, and the organization’s liabilities totaled 

$561,680.

Financial Statement Audit Results
Abercrombie and Associates, AMWA’s independent audi-

tors, expressed an unqualified opinion regarding their audit 

of the financial statements for the fiscal year that ended June 

30, 2020. An unqualified opinion states that the financial 

statements present fairly, in all material respects, an entity's 

financial position, results of operations, and cash flows in con-

formity with generally accepted accounting principles. AMWA 

continues to be in a secure financial position as it continues 

expanding member benefits and resources into the next fiscal 

year. The full audit report is available to AMWA members upon 

request.

Acknowledgment

Thanks to Calibre CPA Group, PLLC, for providing the financial 

data and the members of the 2019-2020 Budget and Finance 

Committee for their review of reports and budgets: June 

Baldwin, Adriana Caballero, Alice Pappas, Leena Patel, Whitney 

Smalley-Freed and Christine Wogan, Ann Winter-Vann (2019-

20 AMWA President), Gail V. Flores (AMWA President-Elect), 

and Susan Krug (AMWA Executive Director).

Author contact: Julie@biomedisysinc.com

Organizational Donors ($800) 
Gail V. Flores

PerfectIt

Individual Donors ($80+) 
Lori L. Alexander

Saleh Alqahtani

Jack Aslanian

Brian Bass

Bookworm Editing Services LLC 

Nicole Cooper

Tracy Craig

Elise Eller

Kathryn Emily 

R. Michelle Sauer Gehring 

Heather Gorby

Douglas Haneline

Jessica Kiser

Laurie Kozbelt

Susan Krug

Cynthia Kryder

Sheryl Lallemand

Eleanor Mayfield

Donna Miceli

Jennifer Minarcik

Marcello Morgan 

Margaret Norris

Julie Phelan

John Redue

Jessica Reimer

Stephanie Vargas

Ann Winter-Vann

80th Anniversary Donors

80th Anniversary Donors generously support AMWA’s 80 years educating medical communicators. 

Tax-deductible donations help AMWA fulfill its mission to promote excellence in  

medical communication and provide education and resources in support of that goal. 

� To make a donation, please visit www.amwa.org/donations

mailto:Julie@biomedisysinc.com
http://www.amwa.org/donations