IOA Finance Committee

About the Finance Committee and Their Mission

The IOA Finance Committee institutes the necessary financial strategies, processes, and controls to meet all IOA goals and objectives.

The IOA Finance Committee (FC) is seeking interested members to serve as a member of the Finance Committee. If you have any experience or interest in budget management, investing, or finance, please consider serving on the FC. The FC meets monthly with the primary responsibilities of working with the organization to build annual budgets, reviewing monthly and annual revenues and expenses, working with IOA’s investment advisors to review the IOA investment portfolio and reporting on the financial health of the IOA. It’s fascinating work and an opportunity to assist IOA in understanding and guiding the financial future of our organization.

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Participants

Treasurer & Chair:

  • Lee Twyman, Retired

Committee Members

  • Glenda Dickson, Clemson University
  • Victoria Dowd, University of North Carolina at Chapel Hill

  • Amarah Khan CO-OP®, CO-OP® Treasurer, City of Seattle, 
  • Willem Kweens CO-OP®IOA Assistant Treasurer, Retired
  • David Michael, National Institutes of Health
  • Jennifer Moumneh CO-OP®, University of California, Irvine

Priorities 

  • Continue review of IOA policies and required revisions
  • Complete strategic financial review and recommendations, resulting in Strategic Financial Plan and Vision for IOA
  • Ongoing review of monthly financial statements, investments, and communication of concerns and highlights to the IOA board

 Accomplishments 2019-2020

  • Investment and reinvestment in IOA were the themes for the 2019 and 2020; new Executive Director was hired, additional resources were approved for volunteer and staff travel to present at stakeholder organizational conferences to promote the role and value of the Organizational Ombudsman
  • Realized a year-end $95,000 surplus
  • Collaborated with staff and committees on the development of a conservative yet growth-oriented 2020 budget
  • Continued to develop diversified and robust IOA revenue streams to contribute to fiscal health

To Join the Committee

If you are interested in joining this or any other committee, please visit our Volunteer Opportunities page to learn more about available positions and complete our Volunteer Interest Form.

Volunteer Interest Form
View Volunteer Job Description

Last Updated 5 August 2020