Unfortunately I haven't had time to put together a full report on the 2024 convention yet, but I do know we definitely ended up losing money. In my opinion, a combination of reasons lead us to not being able to break into the black, beginning with a poor economy and other circumstances out of our control. However, I am happy with the overall outcome of what the committee pulled off with so many issues this year including a not-so-friendly venue and our A/V pro Mr. Marc Golob having health issues causing us to have to pivot elsewhere. I want to thank the members of the committee for their hard work and I hope everyone who attended enjoyed their time in Jacksonville.
With that said, once the final numbers do come back I expect us to be in the red approximately $8-10,000. This is clearly unacceptable, and something I'm not proud to report. My only suggestion would be that going forward the EC and Convention Committee seriously consider alternative options to hotel venues that do not require large F&B minimums. I'd also consider going to one day of business at least odd years that do not have national delegations to sort out. I think we could save a lot of money by making these changes and get back to solid footing where we are generating revenue at conventions.
As far as actual finances go - I'm still sorting through the revenue side (it is harder to calculate as the transactions all hit stripe the same so I have to pick them out), but on the expense side we have the following:
Speaker Fees & Travel $2,484.30
Advertising $290.35
A/V $6,000.00
Venue/F&B/rooms $21,745.10
Printing/Other $890.00
Total $31,409.75
Estimated Income of $22,000.00
