Since 2010, we’ve seen a number of fellow members working with the TAC management team to run the club. We were told that the financials were solid… before the vote to demolish the old clubhouse. Then when the financial disaster hit, the board changed it’s tune saying.. time to raise the fees for members… This was despite the member board of governors promising that there would be no increased pricing for members. (That was when 30+ members decided it was time to talk and this TAC member site, ABTAC was formed (A Better American Club.com). The Club finances always seem to be easily pushed to the brink.
Invaluable Community
Tokyo American Club is a fantastic slice of the community of Americans, locals, and many other nationalities. TAC is gathering place for leaders from many industries who want to socialize, exercise, and eat. This is what pays the bills.
The COVID Hit
As the club leadership has gone extreme on the ‘safety first’ (revenue last) route, finances have suffered as people are apparently having a hard time using the club. Some members have joked that someone seemed to have confused COVID with Ebola.
Managing the club is no easy task. With COVID you’ve got a vast range of members from the ‘double-maskers’ to the ‘why must I wear a mask in the gym’ crowds that illustrates just the varying opinions and voices in the community. Wear ‘your mask between sips’ thinking in the restaurants has pushed some members to other clubs and the vast choices of restaurants around the Tokyo metropolis. Other members have just been concerned about going to public places and have avoided going out all together. The die-hard members have attempted to use the club normally… with much less service. The actions so far have apparently severely hampered the finances. (Maybe members should be asked in polls on what rules they want regarding masks, operating hours, available equipment, and club staffing of what facilities they might use?)
The Failed Loan Votes
There were two votes pushed by the former Representative Governor to get a loan that was ‘just in case’. Members rejected the loan as it was pushed as being unnecessary, and lacked any direction on who was to manage it in the Club. That brings us to the root of the problem-
As TAC is a multi-million dollar business in Azabudai, clearly member management is insufficient. Few board members have time or expertise in running this size of business. TAC, unlike other hospitality (hotel) businesses that had to work out survival plans TAC has some 3,000+ members paying monthly dues.
To avoid another financial disaster such as happened with the board of governors in 2010 and again in 2020, isn’t it time to get someone who knows how to crunch numbers managing the business? We believe so. Let’s recommend TAC allocate a finance boss that can better manage the funds of the club. TAC needs a solid CFO to make the tough decisions and report to the members! After-all, all members would like to focus on why we joined the club… socializing, exercising, and eating! đ