NACHI 2006 Tax return

[Jason1]

Hey Nick,

I did a little quick math:

Membership dollars: $1,477,119 divided by $289.00 = 5111 members

So either you gave away 4700 free memberships, or your claim of 9800 members is a little over stated

I guess there is plenty of room under your 10,000 member cap, I guess I don't have to RUSH to sign up again
</IMG></IMG>

[jmichalski]

That seems to be what the math indicates.

[Joseph Hagarty, CMI]

There are also the Discounted Memberships resultant from participation in the varied CE Offerings that will skew the numbers.

I recall attending a Chapter Meeting in Florida (Ft. Lauderdale) where 40+ Members joined NACHI along with discounted dues for Attendance at a CE Meeting.

[Jason1]

Originally Posted by jmichalski

That seems to be what the math indicates.

Or, he filled a falsified tax return - in which case the IRS will get him....
</IMG>

[Dan Bowers, CMI]

You got anything worthwhile to talk about.

[Jason1]

Originally Posted by dbowers

You got anything worthwhile to talk about.

You're a model member Dan. Nick must love you.

[Nick Gromicko]

First: With a 1/3 turnover rate our industry suffers, having 9,900 members means you'll only show 6,600 members worth of dues each year. So subtract some there.

Second: And although NACHI doesn't give discounted renewals away, we do give discounted first year memberships away as part of our bloodline improvement efforts. For instance, new-to-NACHI inspectors who pay to take an advanced course from NACHI Certified Training (who's income is not included with NACHI's) can join NACHI for only $50. So subtract some there.

Third: We carried a lot of Deadwood (members who weren't paying) in 2006. We only recently started deleting our Deadwood aggressively in 2007 (see http://www.nachi.org/forum/f13/project-deadwood-update-13459/ ) after capping membership at 10,000, so these slots are only this year being replaced with prompt due paying members. So subtract some there for 2006 also.

Fourth: We only enjoy the revenue of a 9,900 member organization once we get there, and we didn't do that till the end of 2006. The beginning of 2006 we were only at maybe 7,000 members.

Gross revenue means little (hence the way I phrased the title of my thread in Misc). What is meaningful is revenue increase over previous years and NACHI has enjoyed large gross revenue increases every subsequent year. 2006's increase over 2005 was a revenue increase of over $300,000.00.

[Brian E. Kelly]

I think that I have recieved $289.00 worth of info and whatnot here each year.

I love the whatnot.

[Nick Gromicko]

Thanks Brian. It's getting better too. For instance (another meaningful stat): NACHI's staff not only did more work in 2006 than 2005 (we launched way more NACHI benefits in 2006 than we had in the entire history of NACHI), but they did it for $50,000 less than they did it for in 2005. Wait.. it gets better. Not only did they do more for less... they then brought in additional revenue that more than twice over paid for themselves. In short, they didn't cost NACHI a penny and in fact paid for themselves twice over. With payrol under 10% of gross revenue... we have plenty of slush left over to continue doing and creating more and more and more each year.

[Brian E. Kelly]

I wonder how the NACHI staff will like the new offices in China and Taiwan? That should be a huge money saver.

[Nick Gromicko]

As long as we don't have to pay for Bill Merrell's lunches! Just teasing Bill.

[Dale Duffy]

Originally Posted by bkelly2

I wonder how the NACHI staff will like the new offices in China and Taiwan? That should be a huge money saver.

I found just the perfect building last week.................

Lunch/Picnic area for the large staff included.............

[Joseph Hagarty, CMI]

Originally Posted by gromicko

Thanks Brian. It's getting better too. For instance (another meaningful stat): NACHI's staff not only did more work in 2006 than 2005 (we launched way more NACHI benefits in 2006 than we had in the entire history of NACHI), but they did it for $50,000 less than they did it for in 2005. Wait.. it gets better. Not only did they do more for less... they then brought in additional revenue that more than twice over paid for themselves. In short, they didn't cost NACHI a penny and in fact paid for themselves twice over. With payrol under 10% of gross revenue... we have plenty of slush left over to continue doing and creating more and more and more each year.

Staff gets to drive the Boss's Vette..

[dwillis]

Cut staff in less than half, work load increase to the point of overload, save NACHI 50,000 and much, much more.

but...
we could not ask for a better boss than Nick Gromicko even though he drives all of us crazy. Its all worth it when you love your job and your best friend is your boss.

[Joseph Hagarty, CMI]

Originally Posted by dwillis

Its all worth it when you love your job and your best friend is your boss.

That is a Life worth Living.

You can not ask for more than that...