FY2026 Financial Update (January–May)
Overview
NABIP reported an operating profit of $95,554 in May, exceeding the budgeted net profit of $26,303 by $69,251. While revenue remained below budget in several areas, including membership, professional development, advertising, and sponsorships, strong expense management and early Annual Convention sponsorship revenue contributed to the positive result. Excluding Annual Convention-related revenue and expenses, NABIP recorded a profit of $60,147 for the month, reflecting continued efforts to strengthen the association's financial performance and long-term stability.
Financial Snapshot
- Net Revenue: $2,189,794 (below budget)
- Expenses: $2,144,770 (below budget)
- Operating Result: $45,024 (gain)
Key Drivers & Actions
- Revenue shortfall in membership, professional development, advertising, and sponsorship programs
- Timing-related impact of early fiscal year revenue and expenses
- Targeted revenue recovery efforts and ongoing expense management
- Chapter membership dues remain current and fully reconciled
- Continued financial oversight and planning to support stabilization in the coming months
Financial Performance Review