© 2018 RSM US LLP. All rights reserved.
RSM club professionals are frequent speakers at national and regional trade association events. Our professionals are also available for presentations to boards of directors and other club committees upon request.
Meet the speakers:
Partner, National Industry Leader - Private Clubs
Partner, National Director of Club Services Team
Director, Private Club Services Team
Senior Manager, Private Club Services Team
A sampling of topics on which they speak includes:
Strategy Management: A Practical Use for Financial Statements. Club executives must understand the need to "sell" the financial picture of their organizations to stakeholders. This presentation addresses several common requests club management receives with increasing frequency from members, committees and prospective members. A review of the economic nuances of club operations is offered and the most challenging issues to address in member communications are highlighted. We review key financial issues that club executives should address and offer guidance on how to depict the true financial condition of the club in a manner that will show members comfort in knowing that their club is well managed.
Nonprofit Governance and Financial Oversight: What Every Club Leader Should Know. Lapses in board oversight in the for-profit and not-for-profit sectors have drawn attention to the important stewardship of a board of directors. At the same time, the Sarbanes-Oxley Act broadened governance requirements to strengthen corporate accountability. This program focuses on key issues and best practices, how and why fraud occurs, management responsibilities and the importance of internal controls and sound governance at a private club.
A Guide for Clubs through a Recession. The private club industry was long seen by it constituents as recession proof. Even post-recession, the current economic climate is unchartered territory for most private clubs. This session is designed to provide a series of strategic, managerial and financial action points to help club managers guide the board and management team through a tumultuous time. Specific recommendations and plans of attack are offered along with a checklist to help clubs through the process. The session is designed to elicit input from club managers on what their experiences have been and what has and has not worked at their property.
Everything You Know is Wrong: Being a Chief Operating Officer at a Bundled Community Club. Most club literature focuses on the traditional member owned institution that formed the basis of the industry centuries ago. Today, however, clubs take many forms, including the increasingly prevalent "bundled community club" model where members are always on the doorstep. Other than the CMAA publication Managing the HOA-Residential Golf Community, little in the way of accounting and operational guidance exists for chief operating officers (COOs) of such clubs. This session will focus on what COOs need to know about the operational, political and financial management of such entities so you can come away with an understanding of the differences specific to your club.
What "Running the Club Like a Business" Really Means. Club executives have been challenged to "run their clubs like businesses" more and more over the last few years. But not all businesses are created equal. Businesses need to know when to expand, when to contract, when to invest in opportunities and even when to merge or close their doors. This interactive session explores the intended and unintended consequences of decision making under this newfound business mindset. Participants are invited to discuss what has and has not and hear which financial metrics are being applied by boards and current/prospective members in judging the business success and failure of clubs. The session offers a review of the internal and external financial trends facing clubs that are critical to decision making.
Setting the Story Straight: Economic Realities of Food and Beverage Operations. Losing money in food and beverage stimulates so much discussion with board members it often feels like a permanent topic on every agenda. While club managers have argued for years that the food and beverage operation is not a restaurant, this session offers economic and operational data to prove this hypothesis to the board as well as current and prospective members. The session features national industry trends in food and beverage, a review of key economic data that will impact the department and provides alternative thoughts on how to measure the "loss" in club restaurant facilities versus other departments that are rarely critiqued as aggressively.
Fraud: Go Beyond the Segregation of Duties. Go beyond the basic segregation of duties and examine the economic drivers behind fraud and why they render time-honored beliefs about fraud obsolete. The critical role a club chief executive officer must play in preventing and detecting fraud extends past ensuring an adequate internal control structure is in place. This session focuses on key issues and best practices, how and why fraud occurs, management responsibilities and the importance of internal controls and sound governance in your facilities. Other highlights include a case study that takes participants through identifying and ranking fraud risk factors with the help of the fraud risk matrix. Walk away with tools and actionable processes to implement at the club without delay.
How can we help you?
To discuss how our team can help your business, contact us by phone 800.966.0428 or
RSM US LLP is the proud recipient of the 2017 BoardRoom magazine “Excellence in Achievement” award for Accounting.
RSM US LLP is recognized by the Club Managers Association of America (CMAA) as the preferred accounting firm for private clubs.