As the steering committee:
>Should we be specific what are intentions are for accumulating cash?
>Should we consider alternate uses for funds raised that fit with our mission?
>With a very large cushion of cash raised, should our goal be to break even for a while? (On a total year basis)
> some reasonable “emergency cash fund” is reasonable, but I would suggest that $20,000 dollars is probably more than adequate to manage a CCD transition period.
>We need to come close to break even each year, and we have NO long term contracts to pay for anything, so even $20k is actually a bit hard to logically rationalize for a CCD safety fund.
>In the case of losing money in 2015, 2016 & 2017, one could argue that the large pile of accumulated cash ELIMINATED ALL URGENCY, and delayed all action, and resulted in $20,000 to $30,000 of CDs to basically be wasted. Should we feel proud of that sort of thing? Obviously not. That type of use should not be our goal. I’m just saying that saving without any inspiring goals for our non profit may not have as much value to our community as more thoughtful & creative alternatives. I’ve seen it in business many times: Extra cash laying around without a clear purpose often gets wasted.
>It was fun and exciting to raise the money for our new sound equipment. We were quickly successful. We had a clear purpose that inspired our community.
>Should we come up with inspiring goals for CCD? Goals, so if we are successful raising attendance (attracting and keeping more new dancers), we can also be excited and proud to make some larger contribution to Atlanta contra dancing (with our savings and increased revenue).