At the 50th anniversary party for my Gymnastics club in Canada I gave a short speech / slideshow. I’d spent 23 seasons at the Gym, some of my happiest years.
At the end — wanting to see another 50 years of success — I recommended the Parents Board of Directors sell the program to an owner. In general, non-profit parent run clubs are less effectively managed than by owners.
On the other hand, non-profit clubs rarely go out of business. They have proven revenue. Existing customers. They should be able to cut costs and return to a break even budget.
This was the Gym that produced 2004 Olympian Kylie Stone.
Watch a TV news report on the closing. They weren’t able to pay their bills.
Some of the parents are still trying to save the club.