ACEP is a membership organization. As such, members have a right to know its financial status. The following is a fair and accurate representation of the status of the College for the 2014–2015 fiscal year (July 1, 2014, through June 30, 2015). This is the first time this data has been published.
Membership continues to grow. As of June 30, 2015, the College had 34,049 members, of whom 21,083 were active (regular) and 10,261 were candidate members. This represents a 2.9 percent overall increase, with a 1.4 percent growth in active and 7.8 percent growth in candidate members.
The majority of the College’s assets are in cash and investments. Current liabilities are mainly deferred revenue. Equity then stands as $16,956,000, which has grown by $1,121,000 since the previous fiscal year. This buildup in equity will allow the College to reinvest in its members. It will be applied to the new headquarters, which will give the ACEP staff the space it requires and provide areas for meetings that otherwise would need to be held off-site. Our finances will also allow us to further develop other benefits for our members such as our qualified clinical data registry, CEDR, and explore a national electronic network that will enhance care coordination, promote quality care, and help control health care costs.