Global research shows a worldwide trend in declining sports clubs memberships. We know that funding squash club activities is becoming an increasingly difficult task. Competition for grants and sponsorships is fierce amongst a crowded market. Finding and keeping people is tough. Being an attractive option for their disposable income is a constant battle.
Maintaining financial viability of your squash club is all about ensuring the amount of money coming in equals the amount going out. If your club doesn’t make a profit there is no money available to invest into building your club. This means no provision for equipment repair or replacement, no provision to make better facilities and no provision to provide more services for your members.
It is important to remember that even though we are not-for-profit organisations that does not necessarily mean that we cannot make a profit – we can. By having more money coming in than going out, we can invest this (on a non-profit basis) into the development of our clubs and provide better services for our members.
Squash New Zealand has completed a club financial analysis project aimed at understanding a benchmark of spending at the club level. Within the analysis additional information is also displayed on membership and court numbers.
Please click here (PDF) to view the 2016 Club Financial Analysis Results (a full report is available on request from Squash New Zealand).
Some questions to consider: