2008 Audited Statement
of Financial Position
ASSETS
CURRENT ASSETS
Cash and cash equivalents . . . . . . . .$387,511
Accounts receivable, less allowance
for doubtful accounts of $17,199 . . . 144,473
Inventories ..................... 48,239
Amounts due from affiliated
organizations........................0
Prepaid expenses . . . . . . . . . . . . . . . 258,444
TOTAL CURRENT ASSETS . . . . . . . . . . . 838,667
PROPERTY AND EQUIPMENT,
less accumulated
depreciation and amortization . . . . . . . . 11,481,973
OTHER ASSETS ........................ 52,251
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . .$12,372,891
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable . . . . . . . . . . . . . . . $177,677
Property taxes payable . . . . . . . . . . . . 108,388
Accrued liabilities . . . . . . . . . . . . . . . 687,297
Dues and fees collected in advance . . 2,488,945
TOTAL CURRENT LIABILITIES . . . . . . . . . 3,462,307
Line of credit payable . . . . . . . . . . . 2,959,000
Other liabilities . . . . . . . . . . . . . . . . . . 25,101
TOTAL LIABILITIES . . . . . . . . . . . . . . . 6,446,408
NET ASSETS, UNRESTRICTED . . . . . . . . . . . 5,926,483
TOTAL LIABILITIES AND
NET ASSETS .......................$12,372,891
2008 Statement of Activities
SUPPORT AND REVENUES
DUES
Active .........................$6,540,672
Inactive ..........................764,700
Sections ..........................282,182
Board of Legal Specialization . . . . . . . . . . 139,014
FEES
Continuing Legal Education . . . . . . . . . 2,535,892
Convention .......................560,129
Lawyer Regulation . . . . . . . . . . . . . . . . . . 212,717
Board of Legal Specialization . . . . . . . . . . . 22,560
Law Office Management Assistance Program . . 64,474
PUBLICATION AND ADVERTISING SALES
ARIZONA ATTORNEY . . . . . . . . . . . . . . . . . 547,662
Membership Directory . . . . . . . . . . . . . . . 159,393
Website ........................... 56,151
Mailing lists and labels . . . . . . . . . . . . . . . . 19,148
EconomicSurvey ..................... 8,575
OTHER
Late fee Mandatory Continuing
Legal Education . . . . . . . . . . . . . . . . . 426,612
Interest and dividends . . . . . . . . . . . . . . . . 12,127
Sections—Other...................133,635
MemberBenefits .................... 20,567
SpecialServices......................88,134
Rentalincome .....................648,645
Contributions and sponsorships . . . . . . . . 280,094
ProHacVice ......................412,693
Membership Assistance Programs . . . . . . . . 59,453
Other ............................ 19,575
TOTAL SUPPORT AND REVENUES . . . . $14,014,804
EXPENSES
PROGRAM SERVICES
Lawyer Regulation . . . . . . . . . . . . . . . $5,095,111
Member Services . . . . . . . . . . . . . . . . . 5,368,386
SUPPORT SERVICES
Management and general . . . . . . . . . . . 2,813,512
Building-related . . . . . . . . . . . . . . . . . . . . 875,276
Loss on disposal of equipment . . . . . . . . . . . . 1,493
TOTAL EXPENSES . . . . . . . . . . . . . . . . . . .$14,153,778
CHANGE IN NET ASSETS . . . . . . . . . . . . . .($138,974)
