OHSAA Financial Report Through The End of 2022-23 Fiscal Year

 
OHSAA Financial Report Through The End of 2022-23 Fiscal Year
So we have a non-profit or a not for profit with an annual profit of $3.5 million and $14 million in cash reserves?

Annual expenses of $7 million.

They have two years of cash in the bank.

This has to be delt with! Absolutely ridiculous!
 
So we have a non-profit or a not for profit with an annual profit of $3.5 million and $14 million in cash reserves?

Annual expenses of $7 million.

They have two years of cash in the bank.

This has to be delt with! Absolutely ridiculous!
So an annual profit isn't good for a not for profit organization?

And by the way, 2022 expenses were $19million+
 
So an annual profit isn't good for a not for profit organization?

And by the way, 2022 expenses were $19million+

With in reason, profit is great for a business whose goal is to be profitable. But when a company such as OHSAA has itself set up as a not for profit organization this should be questioned.
 
With in reason, profit is great for a business whose goal is to be profitable. But when a company such as OHSAA has itself set up as a not for profit organization this should be questioned.
Do you know the difference between for profit and not for profit?

And where did you come up with the annual expenses of $7 million figure?
 
So we have a non-profit or a not for profit with an annual profit of $3.5 million and $14 million in cash reserves?

Annual expenses of $7 million.

They have two years of cash in the bank.

This has to be delt with! Absolutely ridiculous!
This is fairly common
 
Do you? "When counting the [investments and board-designated funds] the Association can cover 10 months of expenses."

One might also wonder why they have $8 million in a checking account that is a) uninsured, and b) pays virtually no interest when short-term t-bills have neither of those problems.
 
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It's in the spreadsheet in the article. Do you know how to read?
Yeah............. I read their 2022 IRS 990 filing as well. It listed their total expenses at $19,335,786.

I have no idea where you came up with total expenses of $7 million for this year.. The sheet shows ytd gross expenses of $22,665,253. They are listed right next to the $2.72 million dollar profit for ytd 2023 (highlighted in the red box)

You may want to bone up on your own skills while you are at it. ;)

P.S. - I'm still waiting for your answer regarding the difference between for profit and not for profit organizations.
 
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