The 2021 ALOA Convention & Security Expo in Orlando was a success, as was this year’s SAFETECH Convention in Lexington, KY. End 3: Operating Efficiency The ALOA Board has specified in the governance policy that: The association should have continuous development of new avenues of communication with members, prospective mem- bers, industry-related associations, security hardware distribu- tors and manufacturers. This goal is generally accomplished by the association and its divisions participating year-round in conferences, tradeshows and local meetings, as well as by members of the board holding positions on various industry boards and contracting training at events other than those operated by ALOA or its divisions. There were minimal/no national or local industry conferences in 2021. The governance policy requires that consumer aware- ness be promoted regarding industry-related changes, advance- ments and available consumer benefits offered by the industry. This occurs: Each month in official ALOA publications, Keynotes and Safe & Vault Technology In the weekly edition of the e-newsletter, which is delivered directly to members, and Through direct communication End 4: Annual Convention/Tradeshows The governance policy states that ALOA be recognized as the industry leader in advancing the locksmith security profession through sponsorship of relevant events. In keeping with our governance, high ethical standards and the best interests of our membership at large, we have done the following in support of our goal: Although the ALOA Convention was the only event held in 2021 due to the COVID-19 pandemic, ALOA scheduled, ar- ranged and promoted various primary industry events, includ- ing two national conventions and tradeshows, at geographically dispersed venues that offered reasonable access to the member- ship at large. The conference for those who are mostly owners and managers in the security industry (SLF) was scheduled in 2020, but not 2021. 30 KEYNOTES JULY/AUGUST 2022 End 5: Financial The association will operate with high standards of competency and professionalism, maintaining a financially stable and vi- able organization. 1. The ALOA SPAI code of ethical standards is upheld and publicized. 2. With only holding the 2021ALOA Convention (SAFETECH 2021 was canceled), achieving a minimum of 4% annual net income was highly unlikely. The conventions usually produce a profit of over $300,000. Ensuring a timely retirement of debt when applicable, credit worthiness status and adequate levels of cash for ongoing operational requirements and un- foreseen events and needs were not an issue. The only debt that the association had was to the ASF, and that was paid off several years ago. 3. The Headquarters office was sold in January 2021 for a profit. There was much discussion and research before the decision to sell was finalized. With significant reporting, staff reduc- tions, board travel elimination, non-printing of the maga- zines and a halt to any new programs or purchases, we were able to keep the association afloat. Substantial savings were attributed to the sale. Among them is the savings in the cost of property taxes, building insurance and utilities amount- ing to approximately $125,000 annually. The government stimulus packages awarded in 2020-2021 were beneficial and have carried us through the current year. If the convention turns out pretty good in 2022, we should be doing OK, as long as expenses are held to a minimum. The 2021 Financial Statement, prepared by Sutton Frost Cary LLP is on page 31 of this issue of Keynotes. Mary A. May Executive Director WWW.ALOA.ORG
