Financial Statement for Fiscal Year Ending December 31, 2025

In accordance with AJA’s bylaws, the organization’s books and accounts were audited by the independent auditing firm Smith Elliott Kearns and Company. The audit resulted in a favorable opinion, confirming that AJA’s financial statements fairly present, in all material respects, the financial position of the Association for the year ending December 31, 2025, and that the changes in net assets and cash flow were reported in accordance with Generally Accepted Accounting Principles.

AJA ended 2025 in a stronger operating position than the prior year. Total revenues for 2025 were $2,126,195, compared to $2,100,716 in 2024. Total expenses decreased to $2,088,811 in 2025, compared to $2,166,400 in 2024. As a result, AJA finished 2025 with an operating gain of $37,384, a significant improvement from the operating loss of $65,684 reported in 2024.

AJA’s assets and liabilities totaled $908,787 in 2025, compared to $1,049,793 in 2024. At year-end, reserves were $43,686, compared to $138,251 at the end of 2024. The decrease in reserves was affected in part by a $75,000 loss in May 2025, resulting from a cyberattack. While this was an unfortunate and serious incident, AJA responded promptly and has recovered well. Importantly, despite this challenge, the Association is ahead year over year in revenue and finished 2025 with a positive operating result.

In addition, AJA reported a net gain on investments of $3,555 in 2025, compared with a net gain of $2,554 in 2024.

Overall, AJA remains financially stable and continues to demonstrate resilience, responsible fiscal management, and positive momentum heading into the next fiscal year.