Frank Tait gained a temporary seat when Dave Butts passed away; his term ends tomorrow, with the directors’ meeting after the annual meeting. He sent a letter to the other members of the board, which Only Guns and Money discusses. The letter is insightful, which means most won’t read it; they might learn what they don’t want to know. Samples:
“5. February Financials
a. From the summary, Revenue is down $6 million, and Membership revenue is down $6.5 million, and expenses were under budget by $6 million.
b. Membership revenue is the lifeblood of the Association. We cannot survive to accomplish our Association’s mission merely by cutting costs. From the details in the Membership Trend in the referenced spreadsheet, through February 2023 the 16% increase in new member revenue is encouraging, but every other membership revenue category is declining, From 2022 results, Renewals are down 9%, Contributions are down 35%, and Golden Eagles are down 10%. We do not appear to have an executable plan to turn that around. The Board is accountable to work with management to get membership growing again.
6. Questions deferred to the Finance Committee Meeting
a. Management’s perspective on the $2.9M operating loss for January, the $6M operating loss through February and the ability to meet the 2023 budget.
b. Membership revenue for January declined $4.4M from 2021 to 2022 and there is a further decline of $1.5M from January 2022 to 2023 and a decline of $3.1M from February 2022 to 2023. What is Management’s perspective on the trend of continuing membership revenue decline and the ability to meet the budget that assumes a $23.4M Increase in membership revenue?”
We’ve pointed out the last observation before: the 2023 budget assumes, for absolutely no reason, after four years of decline, that membership revenues will have an appreciable increase in 2023. Tait points out that January and February 2023 showed a continuing decline.
It doesn’t seem to us that anyone else on the board is performing this sort of analysis (or the sort done by former director Rocky Marshall), and that the Nominating Committee is doing its best to get rid of anyone who will.
NRA in Danger 
We have an inept board that is toothless against the structure of the executive committee. I gave up all hope a few years ago then the executive board tabled the petition. I’m supposing the board except for you is interested in the social status of being a board member. As to the possible sale of HQ building buyers will know it is a destress situation. By relocating perhaps to Texas my guess is most employees will not be able to relocate.and NRA certainly cannot afford relocation expense for regular employees. They will resign thus saving expense of benefits. Knowing they are short timers most likely their attentiveness to the job will suffer acutely. As to funds from sale i conjecture much will go to Brewer and the NRA elite. I wonder if there is any connection to the listing real estate company. There could be a discount as the range could pose clean up difficulties. It seems to me the print magazines carry more ad space. Sad. Infuriating. Elton
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