|
Written by President UK & Ireland Chapter
|
|
Monday, 29 June 2009 |
|
You may not be aware but the whole STC organisation is having severe financial difficulties and faces a large budget deficit and a severe cash flow problem. The problemOne cause of STC's financial problems is that it does not fund its activities entirely out of membership fees. The financial model is to rely on a substantial surplus from the annual conference (Summit) in the USA to make up the difference between running costs and income from membership fees. Because of low turnout that surplus did not materialise this year, and probably won't be there next year either. Along with everyone else deposits and other investments have taken a knock. |
|
Last Updated ( Tuesday, 30 June 2009 )
|
|
Read more...
|