Annual Report:  An annual report is detailing Your American "PAL"s activities throughout the preceding year.  Its purpose is to provide users, such as members, potential partners or affiliates, with information about the Non-Profit's operations and financial performance.  

Operating Earnings: Operating earnings is the amount of profit realized from revenues after you subtract those expenses that are directly associated with running the Non-Profit, such as the expenses, selling and marketing, research and development, depreciation, and other operating costs. 

Operating Expenses:   An operating expense is an expense that the Non-Profit incurs through its normal business operations. Operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for growth of the membership.