Since the economic downturn in 2009, NATM has worked hard to create a healthy financial reserve in order to protect the Association from the inevitable economic downturns that are faced from time to time. The NATM Finance Committee and Board have adopted sound financial policies and with the support of staff, have been able to build up reserves and moderately invest funding to ensure that member investment is utilized to its fullest potential without risking membership funds. Over the years, NATM has adapted these policies and refined their investment approach and today NATM is in the best financial state in its history.
In 2017 as the NATM Board of Directors was reviewing the 2018 budget proposal, it was decided that the Association should look for opportunities to give back to charitable causes when possible thanks to healthy finances. NATM members have a rich tradition of supporting their communities and giving back to causes near and dear. To honor NATM member’s commitment to the greater good of our communities, NATM chose to utilize its success to give back and support a charitable cause. Since the Board’s discussion, NATM has made an annual commitment to charitable giving and selects recipients from a list of reputable, national organizations whose mission touches NATM members and the industry.
In 2019 the Association made a donation of $1,000 to the American Cancer Society. Unfortunately, cancer affects many of us, whether our own diagnosis or that of family and friends. Earlier this year, NATM member company Champion Hoist lost Brian Jones to cancer. Brian was an incredible employee, friend, and family man. He was an active participant in NATM and the industry and his loss touched many people far and wide. NATM is also aware of several other members who are fighting courageous battles against this terrible disease and NATM’s 2019 donation honors the memory of those we have lost by lending a helping hand in the fight against cancer.
The NATM Board of Directors selected the American Cancer Society as the recipient of the 2019 charitable contribution for their work encouraging cancer prevention strategies, providing support for patients, creating resources through volunteerism, working with lawmakers, increasing accessibility to care, funding research, and so much more. NATM is thankful to be able to play a small helping role in the American Cancer Society’s mission to free the world from cancer on behalf of its members.