RubinBrown is pleased to present our 2010 Country Club Statistical Analysis.
Our survey results represent responses from 16 St. Louis metropolitan area clubs with fiscal year ends that ranged between September 30, 2009 and March 31, 2010.
In our previous edition of the survey covering St. Louis area clubs’ we noted that generally, clubs experienced an average decline in total membership from September 2008 through June 2009 of approximately 5 percent (this was an average net loss of 14 regular members during that period).
Membership losses appear to have stabilized by the end of 2009. For years ending from September 2009 to March 2010, the clubs participating in our survey indicated a net gain of one regular member, but with substantial work and effort to fill an average of 25 regular member resignations during the year.
Although the attrition has subsided, the membership base for most clubs is below the levels necessary to maintain a “balanced budget” without continued cost reductions and reduction of headcount.
Clubs continue to aggressively battle to increase membership at all levels and increase utilization in all areas by the members and guests.
Dues rates increased by an average of 2.5 percent and were often accompanied by an operating assessment to fund deficits incurred during the past year (8 clubs levied operating assessments to the membership.
Thanks to the many area club controllers and general managers who participated in our annual survey.
We encourage club managers, controllers, board members and others to use these statistics as one of many tools in evaluating their club’s operations.
To access the 2010 Country Club Stats, click here.
Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.
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