Financial Report of the Executive Director for 2018

In collaboration with the Interim Financial Officer and the Financial Officer, the Executive Director has compiled this report to reflect the purpose and status of each of the Society's assets.

Investments: The society maintains a series of investments. Some investments are intended to help support gifts and grants while others are re-invested for long-term growth. As of December 31, 2018, the investments accounts reflected an overall loss of 10 percent. This loss is the result of the financial fraud, not a decline in the market. For more details, please see the President's Report.

Operating Account: Routine operating funds are maintained in the SASS operating account. In October of 2018, we began the process of moving the operating account from Wells Fargo to Chase. This process was completed in May 2019.

Income	$230,151.04
Expenses	$218,951.85

A detailed financial report was presented to the membership at the annual meeting in Madison, Wisconsin, on May 4, 2019. Members may request more detailed financial information from the Financial Officer and Executive Director.

Memberships: As of December 31, 2018, the Society had a membership of 621 (122 institutions and 499 individuals). This represents an increase of eighty members since December 31, 2017 (an increase of eighty-two individuals and a decrease of two institutions).

Respectfully submitted,