as advertisers are spending more on
in-person events.
On the expenses side of things, we
can see the effects of the $2.5 million in
spending on strategic initiatives, partic-
ularly in certification and administration.
With these investments included, the net
operating deficit was $3.9 million.
What that means is that we expe-
rienced a deficit of $1.4 million from
continuing operations not related to
our strategic initiatives. I can report the
Three-Year Plan for FY25–FY27, which
was approved by the Board of Directors
in June, projects eliminating operating
losses by the end of that plan.
I want to put this in perspective. ASNT
endured ongoing operating deficits since
FY2015, caused in part by some bad
decisions and exacerbated by extreme
technology deficits, then endured a
global pandemic, which depressed reve-
nues by as much as 50% for a couple of
years, and then implemented an aggres-
sive strategic plan calling for as much as
$14 million in spending over five years.
To achieve breakeven by the end FY2027
will be quite an accomplishment.
Lastly, and as I stated last year, our
members should know the Board of
Directors, with the Business and Finance
Committee, are deeply engaged in the
financial oversight of the association. They
have made clear their expectations that
ASNT must effectively manage its growth
so that our resources are not wasted and
return solid investments to the members
through expanded program offerings
and enhanced value.
As your CEO, I remain committed to
achieving these goals. Thank you.
SCOPE
|
SOCIETYNEWS
SHINE A SPOTLIGHT: NOMINATE
NDT PROFESSIONALS FOR ASNT
AWARDS AND HONORS
ASNT recognizes the work of nondestructive testing (NDT) professionals who make
outstanding contributions to the NDT field and the Society. Carefully deliberated by
esteemed peers and committees, these accolades symbolize excellence, innovation,
and dedicated service.
Take the opportunity to recognize a colleague and
submit your nomination(s) for ASNT awards. The deadline is
31 January 2024. Following is a list of the diverse awards
and honors ASNT bestows upon deserving professionals.
To view submission requirements, visit asnt.org/awards
or scan the QR code. Award recipients will be honored at
ASNT’s Annual Conference in Las Vegas, Nevada, on 21–24
October 2024.
Award Categories:
▶ 50-Year Member Recognition
▶ Advancement of Active Military and Veterans in NDT Recognition
▶ Advancement of Women in NDT Recognition
▶ Charles N. Sherlock Meritorious Service Award
▶ Fellow of ASNT
▶ George L. Pherigo Tutorial Citation
▶ George C. Wheeler Excellence in Personnel Certification Recognition
▶ Lester/Mehl Honor Lecture
▶ Lou DiValerio Technician of the Year Award
▶ Mentoring Award
▶ New NDT Professional Recognition
▶ Outstanding Paper Award
▶ Philip D. Johnson Honorary Member Award
▶ Research Recognition for Innovation
▶ Research Recognition for Sustained Excellence
▶ Robert C. McMaster Gold Medal Award
▶ Ward Rummel Engineering Excellence Award
▶ William Via Jr. Bridge NDT Lifetime Service Recognition
|
NOMINATE
94
M A T E R I A L S E V A L U A T I O N • J A N U A R Y 2 0 2 4
2401 ME January.indd 94 12/20/23 8:01 AM
in-person events.
On the expenses side of things, we
can see the effects of the $2.5 million in
spending on strategic initiatives, partic-
ularly in certification and administration.
With these investments included, the net
operating deficit was $3.9 million.
What that means is that we expe-
rienced a deficit of $1.4 million from
continuing operations not related to
our strategic initiatives. I can report the
Three-Year Plan for FY25–FY27, which
was approved by the Board of Directors
in June, projects eliminating operating
losses by the end of that plan.
I want to put this in perspective. ASNT
endured ongoing operating deficits since
FY2015, caused in part by some bad
decisions and exacerbated by extreme
technology deficits, then endured a
global pandemic, which depressed reve-
nues by as much as 50% for a couple of
years, and then implemented an aggres-
sive strategic plan calling for as much as
$14 million in spending over five years.
To achieve breakeven by the end FY2027
will be quite an accomplishment.
Lastly, and as I stated last year, our
members should know the Board of
Directors, with the Business and Finance
Committee, are deeply engaged in the
financial oversight of the association. They
have made clear their expectations that
ASNT must effectively manage its growth
so that our resources are not wasted and
return solid investments to the members
through expanded program offerings
and enhanced value.
As your CEO, I remain committed to
achieving these goals. Thank you.
SCOPE
|
SOCIETYNEWS
SHINE A SPOTLIGHT: NOMINATE
NDT PROFESSIONALS FOR ASNT
AWARDS AND HONORS
ASNT recognizes the work of nondestructive testing (NDT) professionals who make
outstanding contributions to the NDT field and the Society. Carefully deliberated by
esteemed peers and committees, these accolades symbolize excellence, innovation,
and dedicated service.
Take the opportunity to recognize a colleague and
submit your nomination(s) for ASNT awards. The deadline is
31 January 2024. Following is a list of the diverse awards
and honors ASNT bestows upon deserving professionals.
To view submission requirements, visit asnt.org/awards
or scan the QR code. Award recipients will be honored at
ASNT’s Annual Conference in Las Vegas, Nevada, on 21–24
October 2024.
Award Categories:
▶ 50-Year Member Recognition
▶ Advancement of Active Military and Veterans in NDT Recognition
▶ Advancement of Women in NDT Recognition
▶ Charles N. Sherlock Meritorious Service Award
▶ Fellow of ASNT
▶ George L. Pherigo Tutorial Citation
▶ George C. Wheeler Excellence in Personnel Certification Recognition
▶ Lester/Mehl Honor Lecture
▶ Lou DiValerio Technician of the Year Award
▶ Mentoring Award
▶ New NDT Professional Recognition
▶ Outstanding Paper Award
▶ Philip D. Johnson Honorary Member Award
▶ Research Recognition for Innovation
▶ Research Recognition for Sustained Excellence
▶ Robert C. McMaster Gold Medal Award
▶ Ward Rummel Engineering Excellence Award
▶ William Via Jr. Bridge NDT Lifetime Service Recognition
|
NOMINATE
94
M A T E R I A L S E V A L U A T I O N • J A N U A R Y 2 0 2 4
2401 ME January.indd 94 12/20/23 8:01 AM