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Association Of Advanced Practice Psychiatric Nurses

Association of Advanced Practice Psychiatric Nurses

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AAPPN’s Financial Status

April 29, 2020 by AAPPN

Aappn Financial Status Featured Image V2 1

Many of us have spent the past few weeks scrambling to re-arrange our professional and personal lives: moving to telehealth or adapting to significant workplace changes, caring for suddenly always-at-home children, and caring for our loved ones and our fellow citizens.

As leaders of AAPPN, part of our role is to keep members informed about the financial health of our professional association in the midst of this health care crisis.

AAPPN leaders have steadily built the organization’s financial reserves over the years. These reserves are used to finance improvement projects—such as our new website—and provide insurance for a rainy day. Obviously, the current situation is closer to a monsoon.

Because of AAPPN’s prudent planning, we are on solid financial ground. Will AAPPN lose money this year due to lost event and membership revenue? Yes. But AAPPN’s financial reserves will allow us to weather this storm.

Our financial health is why AAPPN is able to offer a 10 percent membership renewal discount this year to help our members. It is also why we are able to continue to maintain our management and lobbying services throughout this situation.

It is possible that the current disruption in our lives will last for many months. We want to assure you that AAPPN is well-positioned to remain financially functional, and to remain active and effective. Thank you for working with us to ensure that AAPPN remains a vibrant force in our professional community.

Mary Ellen O’Keefe, MN, MBA, ARNP, President; Kristine Highlander, MSN, ARNP, PMHNP-BC, President-Elect; and Kirk Roberts Executive Director

Filed Under: News & Updates

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