Charging members to walk

[Chris Hughes]

Of course there should be a fee for every swing (divots, pitch marks = increased maintenance costs)

Hey Craig, who we locking up?


As for club finances, for those who are interested in learning more and may not be aware, there is a lot of publicly accessible financial information on private clubs who have incorporated as a 501(c) entity, find it here: 

https://apps.irs.gov/app/eos/details/

Just switch the "Search By" drop-down from "EIN" to "Organization Name" and enter the club of your choice, say "Merion Golf"...

2022:
$15.4M of revenues, up about $1M y/y.
13 person board of which 3 are women (including Buddy Marrucci and a Siderowf).
Compensation --> GM = $451K, Super = $485K, Golf Pro = $365K, Chef = $156K.
Debt is effectively nil and club had $4.3M in the bank @ year-end.
Greens & Cart revenues were $2.7M total.
Dues revenue was $9.2M.
Initiation fees were $1.9M.   
The club employed 289 people in 2022.
The Curtis Cup produced $389K of net revenues.
Etc...

FYI.

Look at 2021 and see what they got in ERC money.

Interesting.  Will be curious to see how others fared there.

[Tim Taylor]

What should be done about walkers who hitch a ride on a cart between long connections?

I'd implement mandatory GPS trackers for all walkers, used in the following manner:

a. Establish for every member the average # of feet traveled over the course of 18 holes
b. Track the # of feet traveled at >5.5mph during each round
c. Charge member (b/a)*(cart fee $)

This really seems like the only equitable solution, at least for phase 1. 

Phase 2, I'd require Arccos on all irons and wedges and charge a %age of the total annual maintenance budget based on the number of shots struck from the fairway, to offset the walkers not filling divots with sand and seed.  Of course, in some parts of the country, where divots may be replaced, this would not work perfectly, so Phase 2 needs more work.  I'd probably establish a committee to determine the best way forward.

You must work for McKinsey 


Tim