Obligatory Capital Needs: Club Benchmarking Asset Evaluation Specialists conduct a thorough onsite inventory of every capitalized asset to document its projected end-of-useful-life as well as current and future replacement costs. Your COMPASS subscription includes data management services to help keep your capital plan accurate and up to date.

Membership Modeling Function: Define your own membership classes. Group classes into categories. Set caps for both classes and categories and specify operating and capital dues for each class. Membership modeling flows through member count calculations, initiation fee income projections, capital dues income projections and assessment projections.

Aspirational Capital Needs: Identify aspirational projects by name and quantify using your own terminology. Multiple aspirational projects can be identified by name and amount and tied to a given year in the capital plan.

 

Initiation Fee Function: Specify initiation fees and payment terms by class. Initiation fee income carries through to the cash flow forecast automatically based on initiation fee specifications and membership assumptions.

Debt Service Needs: COMPASS automatically calculates amortization tables by payment period or you can upload from excel. Payments carry into the cash flow model and the software allows for input of additional principle payments beyond those required by the amortization.

Operating Ledger Function: Input current year operating revenue and expenses as the baseline, with separate increases projected annually for dues revenue, non-dues revenue and expenses. This allows for a quantified operating result for each year in the model that carries through the available capital calculations.

Assessment Module: Identify and name assessments using a bottom-up or top-down approach and with payment up front or over time with an interest rate, defined for each member category. Potential assessment-related attrition is also easily modeled.

Reporting and Analysis: COMPASS features cutting-edge reporting and analysis via integrated Microsoft PowerBI, one of the world’s most powerful business intelligence tools.