The 2012 form 990 tax return for Toastmasters International has some interesting data in it.  Total program revenue increased by 21.6%, due in large part to dues increasing by 33% (from $54 to $72/six month) on Oct. 1, 2011 (this was the first full year with the increase).

Expenses did not increase as much, by just 17.6% from the previous year, mainly “district expenses” ($7.6M), salaries and wages ($6.3M), and the magazine ($2.1M).

Vendors

The 5 independent contractors receiving the most money were:

• Walsworth Print Group, $1.7M, for printing and mailing services (magazine printing?)
• Brokers Worldwide (apparently now part of Asendia), $1.3M, for printing and mailing services (drop-ship mailings to other countries?)
• Cigna Healthcare of California, $0.9M, for employee health insurance (was Aetna the previous year)
• Hilton Orlando Bonnet Creek, $0.6M, for the 2012 international convention
• Shanahan Printing, $0.6M, for printing (probably educational materials, no longer printed in-house)

Employee salaries

There are now 149 employees (as of Dec. 31, 2012), up from 136 a year prior.  Each employee also received “other compensation” (likely health insurance and a pension plan) amounting to an additional 10-20% of their published salary (as is common in the U.S.).

• Executive Director (title at the time) Dan Rex was paid $307K, a slight decrease of 1.4% from the previous year
• Sally Newell-Cohn, new title added of managing director, $177K, an increase of 21%.
• Vince Rinner, was technology director, $140K (partial year, I believe he left in October 2012)
• John Bond, controller, $135K, an increase of 9.6%
• Darci Maenpa, member support director, $129K, an increase of 15%
• Ron Leutbacher, technology services manager, $111K (not listed in 2011)

Annual convention

The 2012 annual convention is listed as having a total income of $757K.  The only convention expense listed is the hotel (in the vendor section above), but there were certainly other large expenses, such as travel.  There’s no way to see if the convention made money or how much.  There’s $404K for “audio visual program service expenses”, which might be for the A/V at the convention, or videos and podcasts from WHQ.

Assets

Assets increased by $4.7M to $43.3M (12%), largely through the increased membership fees.  These funds were put into temporary cash investments, as well as publicly-traded securities.  Cash and securities ($32.7M) are now equal to 1.25 years of expenses, on the lower side of the typical recommended range of 1-2 years of expenses (was 1.47 years in 2011).  Expenses have increased more rapidly than savings.

Other points of note

There’s $179K for translation costs, $79K for Internet services, $34K for photography, $30K for speakers (presumably not loudspeakers?), and $30K for engraving. The district cash accounts total $1.9M (same as the previous year). There was $55K in revenue for ads in the Toastmaster magazine.

Once again, the rebranding vendor is not listed, so apparently they were never paid more than about a half million in either 2011 or in 2012.

See my analysis of the 2011 tax return here, and see the full 2012 return itself here: 2012 990.