Financial Statement for Fiscal Year Ending December 31, 2024

I am pleased to provide the American Jail Association’s Annual Auditor’s Report for the fiscal year ending December 31, 2024. In accordance with the bylaws of AJA, the books of accounts of the organization have been audited by the independent auditing firm of Smith Elliott Kearns & Company, LLC.

The audit produced an opinion based on review of our financial statements and accounting practices that the changes in our net assets and cash flow for the calendar year ending December 31, 2024, were in accordance with Generally Accepted Accounting Principles. Further, that in the opinion of the auditors, the organization’s financial statements present fairly, in all material respects, the financial position of AJA for the year ending December 31, 2024, with no significant deficiencies in internal controls.

Revenue & Expenses

Total revenues for 2024 were $2,100,716 compared to $1,879,756 in 2023. Total expenses in 2024 were $2,166,400, compared to $1,980,987 in 2023. This resulted in an operating loss of $63,130 compared to a loss of $95,663 in 2023.

Investments, Net Assets, Reserves

At the end of 2024, we had $138,251 in our reserves compared to $176,004 at the end of 2023. In addition, we had net gain on investments of $2,554 compared with a net gain of $5,568 in 2023. In summary, AJA had assets and liabilities of $1,049,793 in 2024, compared to $1,144,091 in 2023.

For more information, please contact AJA headquarters.

Respectfully submitted by:

Denise Diamond

Treasurer

American Jail Association