Terri Schehr Posted January 20, 2023 Share Posted January 20, 2023 2 hours ago, Tenoris4Jazz said: Also, for those of you who don't know what the "liabilities-to-assets ratio" means... a ratio of 50% means you have $2 of assets for every $1 of liabilities (debts or payables). In the Cavies case, they have $2.06 of debt for every $1 of assets, which is unfathomable. 2 Link to comment Share on other sites More sharing options...
JimF-LowBari Posted January 20, 2023 Share Posted January 20, 2023 2 hours ago, Tenoris4Jazz said: In the Cavies case, they have $2.06 of debt for every $1 of assets, which is unfathomable. There’s something not to mention in the recruiting documentation. 😳 5 Link to comment Share on other sites More sharing options...
rjohn76 Posted January 21, 2023 Share Posted January 21, 2023 13 hours ago, Tenoris4Jazz said: I use Charity Navigator to check up on non-profits. According to their records, VMAPA has never had an audit done. They scored 80/80 pts on accountability and finance, but the missing 20 points was no record of an audit. If you have total revenue over $1 million, you are expected to conduct annual audits. Quite a few drum corps NP's don't conduct audits as it turns out... which may change based on what happens in Santa Clara. I use Charity Navigator as well, but always take everything reported there with a grain of salt. For example, to the average person using the tool... Pioneer looks like a great organization to contribute to with a 85/100 score! That said, the areas where they lost points quite honestly are a great indicator of why the organization lost DCI membership (missing conflict of interest policy, missing whistleblower policy, and missing document retention/destruction policy...). 2 Link to comment Share on other sites More sharing options...
84BDsop Posted January 23, 2023 Share Posted January 23, 2023 Y'know the most shocking thing about all this? SCV didn't take the "traditional" path to ceasing operations like so many others have -- gradually falling down the rankings until they fell out of finals and the closing the doors (27th, Bridgemen Suncoast, Freelancers, Sky Ryders, Magic,VK, etc) They were in the top 5 since 2012, including a championship, then boom, gone. SCVC? How many orgs folded a unit the year after that unit WON?? Talk about a house of cards collapsing. 2 Link to comment Share on other sites More sharing options...
GUARDLING Posted January 23, 2023 Share Posted January 23, 2023 41 minutes ago, 84BDsop said: Y'know the most shocking thing about all this? SCV didn't take the "traditional" path to ceasing operations like so many others have -- gradually falling down the rankings until they fell out of finals and the closing the doors (27th, Bridgemen Suncoast, Freelancers, Sky Ryders, Magic,VK, etc) They were in the top 5 since 2012, including a championship, then boom, gone. SCVC? How many orgs folded a unit the year after that unit WON?? Talk about a house of cards collapsing. As much as I do not want to see SCV go away, and I don't, I think they need to be commended for NOT doing like many others have. How many corps have we seen not finish a season. not have money or resources to feed their corps on tour, beg other corps for help and one can go on and on. Hoping they make a comeback.at some point. 3 Link to comment Share on other sites More sharing options...
scheherazadesghost Posted January 30, 2023 Share Posted January 30, 2023 On 1/17/2023 at 3:54 PM, Richard Lesher said: POST REMOVED PENDING CONERSATION WITH SCV REPRESNATIVES. I will copy and paste it back when/if appropriate. 👀 Link to comment Share on other sites More sharing options...
Fran Haring Posted January 31, 2023 Share Posted January 31, 2023 On 1/20/2023 at 2:05 PM, Tenoris4Jazz said: Also, for those of you who don't know what the "liabilities-to-assets ratio" means... a ratio of 50% means you have $2 of assets for every $1 of liabilities (debts or payables). In the Cavies case, they have $2.06 of debt for every $1 of assets, which is unfathomable. Being a total novice here with this stuff... does this mean the Cavies might be the next candidate to turn out the lights, for at least a while? Link to comment Share on other sites More sharing options...
TOC Posted January 31, 2023 Share Posted January 31, 2023 2 hours ago, Fran Haring said: Being a total novice here with this stuff... does this mean the Cavies might be the next candidate to turn out the lights, for at least a while? Possibility if the numbers are 6/7 digits. Link to comment Share on other sites More sharing options...
Mello Dude Posted January 31, 2023 Share Posted January 31, 2023 12 hours ago, Fran Haring said: Being a total novice here with this stuff... does this mean the Cavies might be the next candidate to turn out the lights, for at least a while? Doesn't Rosemont give them a LOT of money though? Link to comment Share on other sites More sharing options...
Sutasaurus Posted January 31, 2023 Share Posted January 31, 2023 18 minutes ago, Mello Dude said: Doesn't Rosemont give them a LOT of money though? Not sure what the situation in Rosemont is these days. The former mayor, Don Stephens, was a huge supporter of the Cavies and got village dollars behind them BITD. As for long term support? Who knows? Link to comment Share on other sites More sharing options...
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