Page 7 - Summer 2020 Travelore 50

DRVC Travelore - Page 7
Membership and Finance Report
The Club has experienced considerable member turnover during 2020. On July 10, 2019, our total membership stood at 580 members which broke out as follows: 271 were 1ST Year Free Memberships (extended to new FMCA members), 232 Regular Members, and 14 ForumPlus members. In addition, there were 63 pending member renewals.
The table below shows our current membership break- down and clearly shows how our membership has been impacted by new FMCA members (1ST Year Free) trying us on for size concurrent with the loss of a significant number of Regular members. The loss may be primar-
ily due to the increase in FMCA dues as well as the aging out of many of our older members in addition to typical turnover. A normal part of the RVing community join us in their early years of retirement, fulfill their goals for RV travel and adventure, then sell the RV and move on.
Balance Sheet as of 12/12/2020
Number Account Name
ASSETS
1000 Checking
1100 Merchandise Inventory 1300 Club Equipment
1301 Receivables
Total Assets . . . . . . . . . . . . . . . . . . . .
LIABILITIES
Total Liabilities
EQUITY
3000 General Fund - Fund Balance 3100 Rally Fund - Fund Balance
Total Equity . . . . . . . . . . . . . . . . . . . . TOTAL LIABILITIES + TOTAL EQUITY
Income and Expense Statement
for the period of 01/01/2020 to 12/12/20120 Number Account Name
INCOME
4000 Dues Income
4100 Rally Income
4200 Merchandise Income
4400 Advertising Income
4500 Preferred Partner Income
4600 Miscellaneous Income
TOTAL INCOME
EXPENSE
5000 Printed Newsletter Expenses
5010 Forum Web Site Expenses
5020 Membership Web Site Expenses
5030 Membership CC/ PayPal Expenses 5040 Postage
5200 Rally Expenses
5202 Officer Rally Mileage Refund Expenses 5300 Merchandise Expenses
5400 Accounting Software Expenses
5800 Office Supply Expenses
TOTAL EXPENSE NET INCOME (LOSS)
$
$ $
$
$ $
Amount
55,642.52 2,936.00 289.44 50.00 58,912.96
0.00
53,20154 5,636.40 58,917.96
58,917.96
While we expect turnover, the loss we’ve incurred this year is cause for concern and triggers the need for the Club to take steps to revitalize the service it provides to members. In doing so, we must be mindful of technology shifting access to information away from clubs and organizations with the immediate gratification that comes with quick answers and socialization through internet alternatives.
The Board of Directors encourage all members to provide their suggestions on what we can do to better meet your RVing and fellowship needs (membership retention) as well as that of prospective members (membership enlistment).
Membership Status
Amount
$
$ $
6,100.00 6,111.00 214.00 683.27 52.51 240.00 13,400.78
1,537.45 225.32 1,825.63 233.47 224.90 7,542.11 1,053.44 472.90 440.97 197.45 13,753.64 -352.86
Level
Total
Active
Renewal Overdue
Lapsed
Pending Renewal
1st Year Free to New FMCA Members
406
406
-
-
-
90 Day Free Kick the Tires
-
-
-
-
-
Family Associate Member
-
-
-
-
-
FMCA Commercial Member
1
1
ForumPlus
16
12
2
-
14
Regular
479
365
228
5
56
Valued Partner
4
4
-
-
-
VIP
4
4
-
-
-
Total Members
910
792
231
3
60
$ $