Fast Facts: Capital Income

Every club has an ongoing need to fund the kind of projects that keep its facilities functional, relevant and attractive to both current and prospective members. Capital income is a necessity in today's challenging market, and yet the unpredictable flow of initiation fees, the most common source, means many clubs struggle to keep up. In this session, Club Benchmarking COO Russ Conde uses industry data to explore the subject of capital income with a focus on initiation fees and capital dues.

Proper Capital Planning
is a Process, Not a Project

Thursday, March 23rd, 2023
1:00 PM to 2:00 PM EASTERN

If you are struggling with the capital planning process, you are not alone. Club Benchmarking analysis of balance sheet data from more than 1,000 clubs indicates that 75% are not generating sufficient capital to meet their future needs. Those outcomes are most common in clubs that either lack a capital plan entirely or have significant weaknesses in their approach to that process.

In this session, Club Benchmarking Founder Ray Cronin will address common issues that undermine the effectiveness of capital planning efforts in the club industry and explain the core components of a comprehensive, sustainable plan recently introduced at the CMAA conference as COMPASS - Comprehensive Asset Management.

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