Treasurer's Report

The Treasurer is responsible to the WSO for monitoring and reporting all the WSO income and expenses.  This includes liaison as needed with the WSO office staff and supporting accounting firm.

Check here for the latest WSO Treasurer and accounting reports to the WSO Board.

July 2015 Treasurer's Report

The Profit and Loss Statement for July shows an increase in net income of $1,988.  There were 3 payroll periods last month for our Special Workers, which had an impact on that bottom line number.  We are at a year-to-date net income of just over $41,000.  Even though the final numbers are correct, some items were placed in the wrong categories and our Accountant is making the changes.  I will post the corrected document when I receive it.

The Balance Sheet shows little change from last month. 

The Finance Committee, which met twice in July, is comprised of Martin C., John M., and myself.  Among other things, we submitted a structure to the Board for approval of the different levels of expenditures.  We also discussed creating a new spreadsheet that will help compare financials month over month, a policy on how to list Reserve Funds, and continued to work on committee budgets. 

Respectfully submitted,

Mary Jo L., WSO Treasurer and Trustee

2015 ABC Treasurer's Report

As I finish my first two-year term as WSO Treasurer, I remain grateful for the opportunity to use the skills I have gathered through the years in this role. I am also very grateful for the help and support of Board Trustee, Martin C. Together we make up the ‘fantastic’ Finance Committee, which meets via Skype every other Tuesday. I also want to acknowledge Allen C., who was part of our Committee until mid-year 2014.

I am presenting both the Balance Sheet and the Profit and Loss (P&L) Statement that cover fiscal year 2014. These documents include a comparison to year-end 2013. 1Q 2015 Balance Sheet and 1Q 2015 P&L figures are also part of this report. Additionally, at the end of this report is a list of all 7th Tradition Contributions for 2014 and 1Q 2015.

Balance Sheet

WSO is doing very well financially, with an increase in Assets for 2014 of approximately $179,000. This is double what it was in 2013. A large portion of this was spent on the website redesign, which you’ll find reflected now as a new intangible asset near the bottom of the Balance Sheet. This will be amortized over 15 years. In other words, it’s a depreciating asset, just as tangible assets depreciate.

We continue to show designations on the Balance Sheet for funds in the Current Assets section at the top. As we are now hiring more Special Workers, more of these funds are expected to be used. We also have to prepare for near term expansion of storage space, and the eventual move to a larger facility, which means being prudent in how funds are managed. As many of us have seen, organizations that don’t prepare for the future can be blindsided when the future arrives. Fortunately, WSO is in a position of being able to prepare for the future.

Martin and I just recently learned that part of the future is preparing for a much more expensive audit than previously thought. When non-profits reach a threshold of $2MM in gross receipts, which for us means Sales and 7th Tradition contributions, a full audit is required. We’ve been told it could be expected to cost upwards of $75,000. While this is several years away, we are now adding more funds each month into the Audit line.

Profit and Loss Statement

The overall surplus for 2014 was $179,000, which is double what it was for 2013. This matches the increase in Assets noted above in the Balance Sheet section. This is significantly greater than the $5,500 surplus only just over 2 years ago in 2012. The current sustainability of the Distribution Center (DC) that started in 2013 is a direct result of improved efficiencies, increased book sales, and the introduction of the meditation book.

For internal management purposes, we distinguish between income and expenditures of the DC and other WSO resources and activities. This helps the Board make more effective decisions because we can see the flow of funds better. In 2015 there will be a significant change in the expenses in the WSO cost center with the recruitment of Special Workers.   

Thank you for the privilege of serving the Fellowship in this capacity. It has become a lot of work, but we will shortly be hiring a Special Worker to do some of what I do, as well as accomplish things that have been on drawing board that I haven’t had time to implement. This will help ensure that all funds will continue to be managed appropriately.

Respectfully submitted,

Mary Jo L

WSO Treasurer and Board Trustee

May 2015 Treasurer's Report

The Finance Committee welcomes new members.  If you're interested, please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.

The last line of the Profit and Loss Statement for May shows a net income $5,231.64 with a Year-To-Date figure of $40,927.32. The Distribution Center Net Income was mostly in line with recent months as book sales and expenses were similar. 

The WSO Admin Cost Center

  • There were healthy sales of the Audio Book.  The amounts for both that line and the eBook sales fluctuate depending on when we receive the income from Amazon (and Audible.) 
  • There were some reimbursement for the ABC and the total cost is expected to reach about $15,000.  Thank you again to the Lone Star Intergroup for doing such a great job!
  • We've grouped all Special Workers into one category to be more efficient. 

Read more: May 2015 Treasurer's Report

June 2015 Treasurer's Report

The Finance Committee is always appreciative of volunteers.  As always, if you have any questions about WSO finances, please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.  

Summer is here!  But we unfortunately ran out of workbooks just about the time the season changed.  This was due to a Perfect Storm of several things that came together at once, especially that the Printer had problems and delayed delivery by almost two weeks.  The Profit and Loss Statement shows that literature sales were down by about $10,000 from May.  But overall we are still up over $39,000 in net income for the year.  Still a very rosy picture.  And as Recovering Adult Children, while we might have felt inconvenienced by the delay in getting our workbooks, we knew they were not gone forever - they were just going to reappear in their own time . . . which they did.  And now they are literally "flying" out the door!

Read more: June 2015 Treasurer's Report

April 2015 Treasurer's Report

Volunteers are always welcome to join the Finance Committee. We meet every other Tuesday at 1:15 pm CST via Skype.  If you are interested, please contact me by selecting the ACA WSO Treasurer from the dropdown menu on the Contact tab on this website.

The Balance Sheet shows that not much changed - just a little more movement into the Inventory Purchase Reserve as the office is placing orders for Workbooks, Soft Cover Meditation Books and Newcomer's Pamphlets.

The Profit and Loss Statement shows that the Net Income for April was less than $800.  This is primarily due to the cost of hosting the ABC, most of the expenses for which show up in that category in the WSO Admin Cost Center. 

Read more: April 2015 Treasurer's Report