The SCYSA is doing a pretty good job of disclosing their financials (I just wish their board minutes would come out faster). For those (admittedly very few - if any) people who are interested, here's a top-line look at the SCYSA's financials for the last three years:
Several observations:
- The organization is incredibly dependent upon registration, ODP, and (to a lesser degree) tournament revenue. Anything that threatens the number of players, the participation in ODP, or SCYSA-registered tournaments must be frightening.
- Top-line revenue growth was 14% for the last two years while top-line expenses grew at 18%.
- Sponsorship revenue has declined 56% in the last two years.
- As I understand it, the marketing and publications expense item should go down drastically due to the switch to electronic media.
- From 2003-2005, insurance costs rose 130%!
- Administrative costs rose drastically (39%) as did directors expenses (30%).
- The SCYSA can continue losing money for years to come with no threat to their solvency. Their cash position on May 31, 2005 was $303,426; down from $328,656 in 2004 and down from $335,515 in 2003.
If anyone has any insight into these numbers, or corrections of the data, please don't hesitate to post.
