Financial

AIChE Financial Statements

AIChE’s net assets increased in 2017 by $3.6 million, including negative operating results of $152K which were more than offset by investment returns and other non-operating items. Major items in Operations were the Meetings business segment, which exceeded its budget by delivering $2.5 million and the Industry Technology Groups, which delivered another $1.7 million, mostly due to the RAPID manufacturing initiative that launched last year.

In addition, the Publications business added $0.6 million. General and Administrative expenses remained flat with 2016 levels of $4.3 million. Below the operating line, investment activity contributed $3.4 million. There was also a favorable adjustment to the legacy Pension Plan of $0.2 million, resulting primarily from an increase in the market value of the Pension Plan assets, bringing our Plan to an 80.4% funded level at year-end. The Postretirement Medical and Life Plan was restructured in 2017, resulting in a credit of $0.2 million. The 2017 net asset level reached $27.2 million at year-end.

Financial Statements and Independent Auditors Report:  

2017 Financial Statement and Independent Auditors Report

2016 Financial Statement and Independent Auditors Report

2015 Financial Statement and Independent Auditors Report

2014 Financial Statement and Independent Auditors Report

2013 Financial Statement and Independent Auditors Report

2012 Financial Statement and Independent Auditors Report

Financial Statement Summaries:

2017 Summary Financial Statement

2016 Summary Financial Statement

2015 Summary Financial Statement

2014 Summary Financial Statement

2013 Summary Financial Statement

2012 Summary Financial Statement