1 of 20

DSA

Finance

Report to Members

1

2 of 20

On This Call...

2

Recruitment/Fundraising

03

  • Membership Numbers
  • Recruitment/Solidarity Dues

​

2024 Budget

02

  • 2024 Budget Drafts
  • Next Steps

2023 Finances

01

  • 2023 Close-Out

3 of 20

2023 Finances

3

4 of 20

Budget vs Actuals (FY 2023)

4

5 of 20

2023 Balance Sheet

5

6 of 20

Reserves Calculation

  • Best practice for nonprofit organizations is to have reserve money in the bank, in case of emergency.

​

  • DSA’s reserve policy is 6 months of personnel and fixed expenses.

​

  • As of December 31, 2023 Available Money after Reserves is $580,966.

​

​

​

​

​

​

6

7 of 20

Historical Reserves Data

7

  • The organization has been fortunate to have had significant available monies above reserves since 2020.

​

  • Now we are at a point in time where those monies are lower than in the last 4 years

​

  • The challenge of planning the 2024 budget is now before us.

​

8 of 20

2024 Budget

8

9 of 20

2024 Budget Drafts

9

  • Note the tentative deficit of $1,240,303.

​

  • Recall from slide 6, the Available Money after Reserves was $580,966.

​

  • Therefore the Budget & Finance Committee has recommended a deficit of no more than $500,000.

​

  • So we will have to cut expenses or increase income.

​

10 of 20

2024 First NPC Budget Call 01/14

10

  • The NPC voted to close / shutdown the DSA National Office

​

  • Decided against funding the NLC Co-Chairs

​

  • Close the NHGO Contract within 3 months

​

  • Passed an Earmarked Fundraising Policy.

​

  • Mass approved all other Budget Lines recommended by Budget and Finance.

11 of 20

2024 Second NPC Budget Call 01/21

11

  • The NPC voted to cut NPC Steering Stipends except YDSA, Treasurer and Co-Chairs

​

  • The NPC voted to cut YDSA Committee Chair Stipends but preserve NCC Stipends

​

  • Voted on a hiring freeze of which 1 position has been restored for a Finance Analyst
    • Preserved a YDSA Organizer
  • Finished remaining Referrals

12 of 20

2024 General vs Earmarked Fundraising

12

  • Almost all fundraising done by DSA is general fund, fundraising.

​

  • Earmarked fundraising is only produced by National Political Committee or Convention resolution.

​

  • We only carry two Earmarked Fundraising items on our Budget
    • Chapter Offices’ Matching Funds
    • Labor Solidarity Fund

13 of 20

Membership Numbers

13

14 of 20

Membership 2020 -2024

14

15 of 20

Recruitment & Fundraising

15

16 of 20

16

🌹 💸 🌹

​

🌹 💸 🌹

​

17 of 20

17

👉 dsausa.org/join

18 of 20

18

🌹 💸 🌹

​

🌹 💸 🌹

​

​

Dials

​

Pick Up Rate�(7%)

​

Yes Rate�(54%)

​

Conversion Rate�(50%)

​

Avg Monthly $�($38)

National Totals

12,400

X

868

X

469

X

235

X

$8,930 per month

One Caller

70

X

5

X

3

X

2

X

$76 per month

Callers

Time

Dials

Convos

Yeses

Conversions

Monthly Income

12-Month Income

1 caller

1 hour

70 dials

5 convos

3 yeses

2 sign ups

$76 per month

$912 per year

100 callers

1 hour

7,000 dials

490 convos

265 yeses

133 sign ups

$5,054 per month

$60,648 per year

1000 callers

1 hour

70,000 dials

4900 convos

2646 yeses

1,323 sign ups

$50,274 per month

$603,288 per year

Solidarity Dues Phonebanking

19 of 20

Q&A 🤔

19

🌹 💸 🌹

​

20 of 20

🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹 💸 🌹

20