THE VALUE OF THE FINANCIALLY ASTUTE NETWORK OF CLUBS
The State Of The Club Industry
Financial Astuteness Evaluation
Financial Astuteness Evaluation
The unfortunate reality of the private club industry is approximately 75% of clubs in America are not performing well financially - not covering annual depreciation expense, many seeing a decline in net worth & balance sheet equity, insufficient cash on hand and failing to consistently meet operational goals. Approximately 25% of the private clubs in America have a declining Net Worth from lack of capital income, and approximately 50% of the private clubs in America can barely support their existing infrastructure, much less save & prepare for the future.
Financial Astuteness Evaluation
Financial Astuteness Evaluation
Financial Astuteness Evaluation
Clients requesting a confidential Financial Astuteness Report will receive a 50+ page comprehensive financial health evaluation report on numerous operational and financial KPI's including: Department Internal Control Review, Current & Historical Income Statement & Balance Sheet KPI's, Inventory Management, Proactive Payroll Management & Scheduling, Balance Sheet Reconciliations, Budgeting & Forecasting, Cashflow, Asset Management & Long-Range Planning, Use of Technologies and Automation, Capital Project Management and more.
Merit Based Club Recognition
Financial Astuteness Evaluation
Merit Based Club Recognition
Using a merit-based evaluation approach to more than 30 operational and financial statement KPI's, internal controls and best financial, operational & governance practices, qualified private clubs will earn distinction as a Financially Astute Club and may use the Financially Astute Club logo in club emails and marketing material, and may proudly display their earned award at their club.
Membership Marketability
Financially Astute Leader Network
Merit Based Club Recognition
Joining a private club and investing significant dollars for Initiation Fees & Dues is a big deal. How many times has your Director of Membership, Controller, or General Manager met with prospective club members and they've expressed concerns or inquired to the financial health of the club? Wouldn't it be nice to provide a level of reassurance to your prospective and current members that your club is following best practices and is financially thriving?
Club Leadership Recognition
Financially Astute Leader Network
Financially Astute Leader Network
A well operated, fiscally sound private club doesn't get there by chance. It takes years of hard work, a commitment to adherence to best practices, and support of the membership through good governance and adapting to changing times. Your department leaders will be recognized for their efforts & contributions to position your club to the pinnacle of the industry.
Financially Astute Leader Network
Financially Astute Leader Network
Financially Astute Leader Network
Being part of the Financially Astute Club network means your club's leadership is connected to other finance professionals of highly performing clubs. This respected mindshare group is able to collaborate together on best in class reporting, forecasting tools, Power BI, payroll management, benchmarks, external audit prep and more. Networking functions are planned at industry events for HFTP and CMAA conferences and education workshops.