PPPC Reports Surplus For 2019
Promotional Product Professionals of Canada is reporting a small surplus for the first time since 2015, according to its 2019 Annual Report issued today. The association’s accelerated revenue growth and strict expense controls contributed toward a surplus of $37,412 in 2019.
“Compared to our 2018 loss of $592,980, the board of directors is confident in the financial future of the organization and in the changes that have been occurring in the past two years,” says Jonathan Strauss, president and CEO of the national organization. “PPPC expects to generate a surplus for 2020.”
Strauss was appointed president and CEO in January 2018, and six months later, PPPC, PPAI and SAGE announced a strategic partnership to deliver a comprehensive membership solution to promotional products distributors and suppliers in the Canadian marketplace. In addition, Strauss, his team and volunteer leaders have been laser-focused on improving the association’s financial picture by controlling costs, growing the membership and delivering solid events for its nearly 1,300 member companies.
Last year’s four-city TOPS+ tour and Natcon 2019, with its annual Image Awards ceremony, exceeded projected attendees and revenues. The Women’s Empowerment Event (WEE) last June was also a big success for PPPC on several fronts.
“The board of directors is excited to see that the difficult decisions and changes made over the past two years are starting to pay off, and they are eager to see what the 2020 fiscal year will bring,” adds Strauss. “This dramatic financial improvement is further propelling us to strive to be the best and to continue to look toward the future. Thank you to all our members, stakeholders and board members for their continued support; we hope we exceed your expectations in 2020.”
Read the full Annual Report here.