PRSA’s Bottom Line

After spending a couple of years in the red, PRSA has started to
improve its balance sheet. The PR organization, with nearly 20,000
members, last week reported that earnings grew to $1.7 million in
2002 compared with earnings of $350,000 in 2001, for a 68%
increase. Total revenues, however, rose just 1% to $9.3 million
from $9.2 million during the same period. The Society also
increased its cash position by nearly $800,000 in 2002, to $1.1
million. Total assets increased by 21% to $3.5 million from $2.9
million. In 2000, PRSA lost $678,893 and $426,288 in 1999.