Biennium report 2023

INTERNATIONAL SOCIETY FOR PROSTHETICS AND ORTHOTICS 23 What does ISPO represent for you? ISPO is the only organisation of prosthetic, orthotic, and mobility related professionals that is both multidisciplinary and international. That makes ISPO uniquely satisfying to belong to and makes ISPO uniquely qualified to be a global leader in the P&O, and Mobility sector. How does your committee contribute to ISPO’s mission and vision? As the finance committee, we are charged with honouring ISPO’s obligation to its members to handle its finances responsibly and ethically, and to keep ISPO financially sustainable. What were the main objectives and goals of the committee during the biennium? Our main goals were to: • Review financial policies. • Explore ethical investment. • Assist committees in preparing budgets. • Prepare budget. • Assist in planning for World Congress. • Review and update terms of reference and policy and procedure manual. What were the major activities and projects undertaken by the committee during this period? See above. How does the committee use the new ISPO Community? We did not use it as it was in the development phase. What was the main challenge/s faced by the committee during the biennium and how were they addressed? We faced four main challenges: 1 . Low income due to reduced memberships during the pandemic 2 . Low income due to reduced income from Virtual World Congress in 2021 Jon Batzdorff is ISPO Treasurer and Past President of USISPO. He is a certified prosthetist/orthotist, practicing in California and is Director of ProsthetiKa. Jon’s international prosthetics and orthotics work has taken him to Central and South America, Africa, and Asia. In his spare time, Jon enjoys cycling, woodworking, and playing guitar. Finance committee Jonathan Batzdorff – Treasurer and Chair of the Finance Committee 3 . Low income due to stock market decline in 2022. 4 . Challenges of ISPO bringing new membership platforms online. What lessons were learned during the biennium that can inform future activities and projects for members? We learned that virtual Congresses are difficult to do profitably due to low registration fees, minimal attraction to exhibitors and sponsors, and high management fees. In addition, a clear TOR document and policy and procedure document will improve committee efficiency. Also, ai order to make ISPO sustainable, there is a need for alternative or additional revenue sources. What’s your outlook/committee outlook for the next biennium? Our priorities include: • Developing a financial strategic plan for the next five years • Developing alternative revenue sources • Assisting committees and ISPO board of directors in developing fanatically sustainable programming. Finance Committee 2021-2023 Jon Batzdorff Georg Blome Edward Lemaire Claude Tardif David Constantine Terry Supan Anton Johannesson Niels Petersen