I have attached the monthly financial reports, along with a summary of key points below. Please let me know if you have any questions. Thank you!
We exited April with a negative $34.0K Cash reserve
We recovered in May, by releasing convention profit, along with strong lifetime membership activity at the end of May, and ended with a strong cash reserve of positive $206.1K
We had $510.3K in revenue through the first four months of the year total.
On the strength of a great convention results, and strong fundraising at convention, we raised 635.2K in May, surpassing our fundraising for the entire year in a single month.
Our best recent convention was 2016, with a total Convention/Fundraising revenue of $397.3K.
This year, we were at $513.6K (a 29% increase over the best recent convention) of total convention/fundraising revenue. This was a great convention year, along with strong fundraising at the convention.
As expected, the strong convention put us in a position to pay off the loan in June. The stronger-than-expected convention results also allow us to have a strong cash reserve going into the summer months, which we will be keeping a close eye on.