Sunday, February 22, 2009
Numbers don't lie
But sailing club officers have been known to. One recently posted an analysis of last year's final budget. A few things jumped out:
(1) There was an unusual $83,644 expense to buy 420s.
(2) A major source of income is work-hour "deposits". Fewer than one in 10 club members got their "deposit" refunded.
(3) Most free memberships are, in essence, wages because they go to instructors.
Once the anomalous $83k 420 purchase is excluded and 80 free memberships are included (at $150/ea), you can see how much of the club's budget actually went to pay wages (see pie chart). This reflects a typical year. The vast majority of that cash went to instructors.
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