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USCF audited financials show large loss



 
 
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  #1  
Old August 9th 03, 05:58 AM
Altes Wiesel
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Default USCF audited financials show large loss

"Recmate" wrote in message
...
The USCF audited financials, released today in Los Angeles, showed a
surprisingly large loss, coming at a time when the ED and Board were

expecting
a small profit. Much of the difference was due to an error in the

recording of
multi-year memberships. For details see www.chessnews.org.

Bill Goichberg


Gee, what a surprise.


  #2  
Old August 9th 03, 06:08 AM
RSHaas
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Default USCF audited financials show large loss

Now we know the real reason why Frank Niro resigned. (RSHaas)
  #3  
Old August 9th 03, 06:43 PM
Bruce Draney
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Default USCF audited financials show large loss

Recmate wrote:

The USCF audited financials, released today in Los Angeles, showed a
surprisingly large loss, coming at a time when the ED and Board were expecting
a small profit. Much of the difference was due to an error in the recording of
multi-year memberships. For details see www.chessnews.org.

Bill Goichberg


How many times is USCF going to use this same excuse that they
"misfigured" multi year memberships?

This is simple speak for, "They have cashflow problems and they
couldn't meet payroll and pay their bill without spending or borrowing
against every penny they can get their hands on.

This organization will be sucked dry by all of the leeches before it
ever exercises any financial discipline.

Notice that Bill mentions that CCA was responsible for $16,000 of the
$60,000 in uncollected TLA fees or more than 25% of the total. Perhaps
if Bill had paid his bills on time, USCF would be doing better.

In Kansas City at Supernationals I was told by Board members and top
staffers that Bill has been doing this for years, but of course Bill
denies that this is true, yet admits that he neglected to pay for
$16,000 in TLA fees because no one asked him to. Meanwhile, every month
we'd hear Bill's official glowing reports about how great USCF was doing
this year and how we were going to show a profit.

As Altes W. says, how many years are people going to continue to buy
into this BS? The USCF deserves what it gets because it fails to get
through its thick head that major changes in thinking and doing business
is required. I don't really expect ANY changes however as Schultz,
McCrary and Camaratta are the oldest of the Old Guard and they believe
that if you bash your head into a brick wall over and over again, that
the wall will give before your head will.

People of the chess world in the U.S., need to start imagining and
planning for the aftermath of the USCF. In about 3-5 years, USCF is
going to be one of two things, either a primarily scholastic chess
organization that focuses about 80-90% of its attention on children's
chess, or a stripped down, basic chess organization that provides a
cheap newsletter and basic rating services. I'm not sure which model it
will use but I expect the horrific problems to continue for at least a
couple more years.

Ironic isn't it that Bill objects to budgeting for a profit of only
$68,000 in the same post he complains about having lost over six figures
for eight straight fiscal years. It would make great standup if it
weren't being stated seriously. Bill seems to believe that creating a
piece of paper with more profit projected on it, will change USCF's
financial state.

I haven't bothered to check USCF's website, but I wondered if Bill
reported all this before USCF did?

Best Regards,

Bruce
  #4  
Old August 9th 03, 09:14 PM
Fifiela
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Default USCF audited financials show large loss

Initiate self destruct sequence.

Seems so.

Gonna need a volunteer ED who's willing to work hard and take abuse for
expenses only.

If the publications staff really is 6 or 7, it gotta be cut in 1/2. Welcom to
the Sweat Shop Millineum.
  #5  
Old August 9th 03, 09:44 PM
RSHaas
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Default USCF audited financials show large loss

Bruce, re Bill G .. the way I read it is that Chess HQ has CCA's credit card
info on hand to debit as needed to cover CCA's obligations ... the the office
failed to do so. Thus I don't see the $16,000 CCA matter as a blight on BG but
rather an omission by HQ. (RSHaas)
  #6  
Old August 9th 03, 10:10 PM
Paul Rubin
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Default USCF audited financials show large loss

Bruce Draney writes:
In about 3-5 years, USCF is going to be one of two things, either a
primarily scholastic chess organization that focuses about 80-90% of
its attention on children's chess, or a stripped down, basic chess
organization that provides a cheap newsletter and basic rating
services.


But this is what the USCF should have been all along. What's the problem
if it finally wises up to that?
  #7  
Old August 10th 03, 02:30 AM
WPraeder
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Default USCF audited financials show large loss

As Altes W. says, how many years are people going to continue to buy
into this BS? The USCF deserves what it gets because it fails to get
through its thick head that major changes in thinking and doing business
is required.


Bruce,

Well said. The old way of doing business based on personal friendships and its
associated factions needs to stop. Change will be necessary, be it self
initiated change or externally forced change

"The only thing that will break this type of evolutionary cycle is dynamic
leadership." [Tom Dorsch 10 Jan 2001]

Indeed, one can certainly argue if dynamic leadership is the result of a
process or person, but dynamic leadership will be needed if the USCF is to
transform itself. Such leadership is part of a three legged stool also
supported with legs of membership and sponsorship, holding up a seat called
mission, all bound together by a substance called accountability. A few
essentials for the leadership of corporate transformation a

Create strategic white space - explore new options by changing the rules by
which you and your business have always played.

Blow it up - if you are truly committed to transformation then don't pussyfoot.
Radical change means radical. Nothing is sacred. Nothing should be spared.

Make leaps - the future cannot be grasped by incrementalist strategies.
Innovation will emerge best through empowerment of the people who will make the
change as well as the empowerment of the membership on the corporations behalf.

Create corporate transparency - transformation of your firm will be messy. The
plan will not be the journey. You must be utterly clear about context, where
does this business stand, where has it come from, where is it going, where will
transformation take it?

Integrate change tactics - BPR, best practices, restructuring, and culture
change will work best in a transformation effort when they are integrated and
when they align with mission and strategy.

Aim for change overload - organizations are slow to change. They relapse. They
resist. They protest. Transformation will not happen unless people are
overloaded with change initiatives. Less than overload is just as painful but
produces only incremental change.

These thoughts were adapted from "The New Leaders: Achieving Corporate
Transformation through Dynamic Leadership." Whether you agree with this
perspective or not, please consider it food for thought.

Regards,
Wayne Praeder

  #9  
Old August 14th 03, 08:52 AM
WPraeder
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Default USCF audited financials show large loss

The USCF audited financials, released today in Los Angeles, showed a
surprisingly large loss, coming at a time when the ED and Board were
expecting
a small profit. Much of the difference was due to an error in the recording
of
multi-year memberships. For details see www.chessnews.org.

Bill Goichberg


Time for Back to Basics. Better late than never.

http://www.tsne.org/section/293.html
http://www.mcf.org/mcf/forum/nonprofitsurvival.htm

Regards,
Wayne Praeder

  #10  
Old August 14th 03, 02:10 PM
StanB
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Default USCF audited financials show large loss


"WPraeder" wrote in message
...

Time for Back to Basics. Better late than never.

http://www.tsne.org/section/293.html


But Wayne, that's not the way we've always done it.

StanB


 




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