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Do you understand how non-profits work?
In Response To: Someone asked whats up.... ()

NPs can’t just grow a bank balance forever. I’m sure we have CPAs in the club who can explain this better but back when I served on the board of Big Brothers Big Sisters, we were told we couldn’t carry “profits” forward more than 3 years. So, if you’re upset that we don’t have $2 trillion in the bank, there’s a reason for it. In addition, YTY bank balances aren’t necessarily supposed to go up. The board/club can have larger one-time expenses one year than the next and lower the year after. The bank balance will vary. This is not a P&L and it’s not a true Balance Sheet. Bud Wisinski, club treasurer, keeps meticulous records and I trust that if there were some dire financial crisis (“Egads, the balance is lower than it was 10 years ago!”), he’d have sounded the alarm and action would be taken.

Anyhoo, I think this is much ado about nothing. If you think there are shenanigans, explain what you think is amiss and I’m sure Bud can provide a sufficient response.

This is your unappointed and unelected club apologist, signing off for the night.

Messages In This Thread

Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
got it.....
You have a solution to a resignation
And.....
OR........
Lastly..........More tools
Horse in the race.
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Re: Isn't it ENOUGH NOW?
Someone asked whats up....
Do you understand how non-profits work?
Re: Do you understand how non-profits work?
Oh, did I say I was Upset?
Re: Oh, did I say I was Upset?
I never suggested there were
You’re right

Copyright 2022 David Spragg