Electronic membership rate and other EAC issues!!
Hate to resurrect a sleeping dog but we need to have this option available and we need to revise how PW is printed. We do not need 100lb glossy paper nor do we need to list attendees to each event. If you want your name in PW, write an article or buy an ad. Local meetings can be posted on the website. Let's publish a leaner, meaner PW. If people do not want to be involved anymore because of change, then let them step aside. There are many publishing programs available. Is this printer doing right by us? Has the board done due diligence and sent the printing for PW out for bids, each year? Or are we just leaving it as status quo. Those of you who want to save PW for the ages, laminate each page of your issue, just make sure you use non PVC laminate. PW is not our contribution to man's genius.
In 2009 it cost $46,000 to print and mail PW. Dues brought in $31,000
In 2010 it cost $52,000 to print and mail PW. Dues brought in $34,000
In 2010 it cost $36,000 to print and mail PW. Dues brought in $32,000
Are we going to pull even?????
How about a preliminary Treasurer's report as of Oct. 31 st. have we turned the corner????
Why don't we as other organizations publish how many members we have, how many joined and were accepted, and what the new membership total is in each issue of PW. This "about the same" member accounting just doesn't cut it.
Looking further into the financial fiasco we lost over $60,000 from our base savings. Who was watching the hen house, when the fox was lurking about? Officers and board members have to be forward looking and not depend on hindsight to correct problems. Is no one taking responsibility for these losses??
Did anybody investigate what happened with the 2010 convention costs? I looked at the financial statement numbers and came up with the following:
Income from bourse fees, EAC sale,reception $35,000
Expenses:Security $9,800; Cases $2,300; Hotel charges $24,000: reception $7,400
The total is approx. $43,600. (net loss ~ $8,500)
We as members need to hold our officers/board members responsible for the quagmire they walk us into. We should not just let them increase the burden on our back with a dues increase to cover up their errors. We should neither have the membership as a whole support the few (% wise) who go to the convention. There should be written in the bylaws that the convention MUST be self supporting. We could if we were more financially secure offer free CDs of PW, but $8,600??? Come on let's institute fiscal responsibility, which doesn't always mean a revenue increase, look also at the expense side.
I still do not have the confidence in the present leadership that the situation is resolved. There is too much dependence on this dues increase alone. How many members have we lost due to this new dues level. We should know by now, and that information should have been printed in this latest issue of PW, the one I got a month after it was mailed. Do we have to wait until next July to find out?? Let's base any further financial decisions on what membership we have.
Step up to the plate and run for office. The club is hardly in a quagmire.
I would certainly step up to the plate if I did have the time, but since I do not presently have the time available, I would not commit to doing a half a** job. However if I did take on a position I would guarantee that I would listen to what the members say and issues such as those outlined above would not happen. Period. The club is not in a quagmire but under who's watch was $60,000 lost???
The rest of my response is copied from another thread I just posted to;
I understand that this, along with most all collectibles groups has positions that are staffed with volunteers. I would not volunteer for a position I couldn't dedicated a decent amount of time to. That is why I am not an officer in EAC or any other organization I am a member of at this time. If I was an officer, I would definitely listen to my membership and try to facilitate a way to accomplish a reasonable request. The job is not what the volunteer dictates it should be, I hope we do not have volunteer dictators. The job is spelled out in the by laws and therefore is not up ti interpretation. Officers, however should be understanding of members wants and if they need to adjust their "volunteering" protocol, then that officer should. It is truly the downward spiraling organization that doesn't respond to it's members needs.
P.S.: If I was in charge of the mailings yes we would have a two tier mailing system. maybe even three tier for priority mailing!!!!
I haven't been around long enough to know if these financial numbers are posted online, are they?
I don't agree with everything posted above but if the club is working at a negative balance each year we do need to change something.
So far I have been very happy with PW, the website, and all the people I have met or talked to through the club. I hope to see the club be successful in the years to come.
Ken, You said: The club is not in a quagmire but under who's watch was $60,000 lost???
Money was not lost. Expenses exceeded revenue and we all had a blast. You should have been there!
Camlov; the financial statements are published in PW usually in the July issue.
Craig; I would like to attend the annual convention and chalk up my portion of the blast but I cannot get vacation time when the annual convention is held. I would love to be there and be the only voice of financial moderation in the revelry of the Sodom/Gomorrah atmosphere.
Money was not lost. That is a correct statement as is expenses did exceed revenue. Two points for you. When expenses exceed revenue for the year you have what is called a loss for the year, a decrease in income. That decrease in income for the year reduces the member equity in the organization. Disregarding the Garvin fund which cannot be touched, thank the lord, otherwise there might be a big party, the society of which I am a caring member has had a decrease in total assets:
Total Assets (less Garvin)in 2009: $150,800 (approx.)
Total Assets " " " 2011: $ 98,900 "
Oops!!! It only comes out to a LOSS in equity of $51,900. I apologize when I said $60,000. But it is a loss. Any accountants out there??
So instead of partying to the hilt, why couldn't that money go to better use for all members. Those in charge need to be more financially responsible and forward looking with a clear vision, not just to the next party where a few can have a blast.
Were you also taking into account the thousands they receive in advertising fees per PW issue in your figures? Seems there a lot of funding not represented by your numbers. Aside from that, I'd pay three times the current dues and still be happy. NOt everyone is unhappy, as this is the first I've heard of this.
Those figures you say which are not represented in my numbers, and they are the society's numbers, not mine, are indeed in the income portion of the financial statements. It was a downhill run. If you compare the financial statements for the last three years, 2009, 2010, 2011 you'll see it. No you wouldn't hear about it because no one would want to mention it.
I have two thoughts about this subject. PW is beautifully printed and I would guess that most copies are kept and cherished by their owners and future owners and not trashed. They are like books. Also this makes people want to write interesting articles because of the quality of the publication and a shot at immortality. Not to mention that for 39 bucks, where can you get such a wonderful opportunity to belong to something of this quality?
Perhaps we need to hire or pay a member to be a business manager to deal with the business end of EAC. Get us the best deals on printing and shows and take the time to get the best results. Just my thoughts....Steve
Kopper Ken, you do an awful lot of complaining and offer little in resolutions to solve 'said issues'.....then you come up with excuses as to why you can not volunteer yourself in assisting in resolving 'said issues'. I have been a member for only 27 years and have been volunteering my time for approximately three years. I have only been able to attend 5 conventions during this period of time due to many reasons but am not bitter for not being able to attend more of them. In your first post I'm sure it was just a typo but you mention the year 2010 twice...a little confusing but I do get your point. This club in not experiencing anything that other organizations have not had to contend with as all expenses are and have been escalating during these years of recession. My perception is that you feel bitter because you can not fully utilize all your membership privileges but offer no suggestions of possibilities of how to fix said problems. I have found through life that everyone likes to complain and point fingers at others instead of rolling up their own sleeves and diving in to work towards a solution. My suggestion is to to come up with ideas that will bring 'profitability' back to this club and contact the board members with your ideas. We still have a healthy treasury and are a non-profit organization and remember all organizations plus most of the world is working at reducing debt and expenses and attempting to stay solvent. Please bring your own expertise to the club and work toward a Win-Win outcome instead of just pointing out all the shortcomings!!!
Take it easy.....Leo