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Conference Realignment
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<blockquote data-quote="Vespidae" data-source="post: 998566" data-attributes="member: 2957"><p>GTAA realizes about $500K a year in investment income. It’s permanent endowment contributions are about $2.5M.</p><p></p><p>The auditors stated “The Association’s financial outlook is positive based on anticipated revenue growth from the conference, fundraising existing revenue, and external partnerships, as well as reduced annual debt service.”</p><p></p><p>Translated, “They can pay their bills.” But not by much.</p><p></p><p>The reason the debt is a problem is you can’t hire. Salaries are $30M. The debt service is about half of that. Think who Tech could hire, or how many more, with running room.</p><p></p><p>It’s a bare bones operation for D1.</p></blockquote><p></p>
[QUOTE="Vespidae, post: 998566, member: 2957"] GTAA realizes about $500K a year in investment income. It’s permanent endowment contributions are about $2.5M. The auditors stated “The Association’s financial outlook is positive based on anticipated revenue growth from the conference, fundraising existing revenue, and external partnerships, as well as reduced annual debt service.” Translated, “They can pay their bills.” But not by much. The reason the debt is a problem is you can’t hire. Salaries are $30M. The debt service is about half of that. Think who Tech could hire, or how many more, with running room. It’s a bare bones operation for D1. [/QUOTE]
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