Page 14 - Association of ADFAS, Strategic Plan 2020-2026, Book Format, Version 2.05b (PFarr, 23Oct2020)_Classical

Association of ADFAS Strategic Plan 2020-2026: ‘Embracing the Arts, enriching Australia’

Graph 9. Societies' Profit/Loss in FY 2019 Strategic Finding: Graph 8 and Graph 9 above indicate the need for the
Strategic Plan to actively address overcoming the financial losses of 19
$25,000 Societies in 2019 and the marginal profitability of three Societies - 22 in
total.
$20,000
Graph 11. Histogram of Assets and Liabilities (Equity) (end FY 2019)
$15,000

$10,000 Equity range: # of Societies
> $130K 1
$5,000
$100-$120K 4
$- $80-100K 4
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 $50-$80K 5
$(5,000)
$30-$40K 3
$(10,000) $20-$30K 11
$10-$20K 7
$(15,000) < $10K 3
Total 38
$(20,000)
Notes:
$(25,000) Total Equity (38 Societies) = $1,7M. Mean $42,800. Mean $260 per member,
or ~1.5 years’ average annual membership fee.
Total Equity (Association) = $743K or ~$112 per member

Graph 10. Histogram for Net Profit/Loss of Societies in 2019 FY Strategic Finding:

In the event of sustained economic downturn in Australia, as at the beginning
of the 2020 FY, 8% of Societies had an accumulated surplus of <$10K; 18%
had between $10K and $20K; whilst three quarters had a comfortable
accumulated surplus of >$20K.

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