Quote:
Originally Posted by Bingo
Yeah agreed ... I think they've likely staffed things up too much and their bleeding G&A which is unfortunate.
If their foundation is getting too big with bureaucracy they need to look at it.
Either way you have to have transparency on things like this, and it's good that they're exposed. Hopefully it triggers an answer.
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Quote:
Originally Posted by Badgers Nose
In my dealings with the Flames administration (not hockey opps), nothing about them is efficient. If a job can be done by one person at a typical downtown corp, Flames will do it with two or three. So this doesn't surprise me, if the charitable organization is run the same way.
They are run like a fat charity, lots of make work manual stuff that would be automated at a typical company.
That's just my opinion from experience.
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Doesn't seem to be the case TBH. According to the Annual Report:
$538k expenses for the year.
61% of that is event/fundraising costs > $328k
20% of that is Professional/Administrative > $108k
13% of that is Fernie Rink Construction > $70k
6% of that was advertising > $32k
Doesn't feel like $108k is excessive costs for professional staff and administrative to me.