TREASURER'S MESSAGE

An Update from the PCICS Treasurer

David S. Cooper, MD, MPH
PCICS Treasurer

David S. Cooper, MD, MPH

David S. Cooper, MD, MPH

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”  ~Suze Orman

The PCICS has undergone major transformation over the last five years with both expansion and growth of the society. Included in these changes was the hiring of Ruggles Service Corporation to provide professional societal management, including financial guidance with experience in establishing financial security for organizations through strategic investments. As the Treasurer for the Society, in partnership with Ruggles Service Corporation, I have a few key responsibilities:

  • Oversee institutional, corporate and grant sponsorship for PCICS programs/projects
  • Yearly budget development
  • Address finance-related concerns
  • Report out on financial status to the Board of Directors
  • Oversight of revenue-generating activities (i.e. educational programs, books, etc.)

While our growth has been good and we have some financial reserves, we still largely remain a society that relies on our annual meetings to fund our organizational efforts. While this has been successful to date, it will be increasingly difficult to rely on this strategy moving forward without significant risk to our financial health. To that end, now that the election is complete, I will be reaching out to the membership over the next month to form an ad hoc committee to work with Ruggles Service Corporation to develop a five-year financial plan for PCICS.

As former Vice-President Joe Biden said, “Don’t tell me what you value. Show me your budget and I’ll tell you what you value.” It’s now time to formulate a budget that reflects the values of our community and allows us to commit in earnest to all of the various initiatives that we want to accomplish to advance the care of children with congenital and acquired heart disease throughout the world.

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