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Wow, this is really interesting. Thank you for posting. I saw my organizations' numbers.
I knew that insurance is a big chunck of fraternity expenses, since fraternities are considered high risk in the eyes of insurance companies.
As far as membership and dues. Prior to COVID, we were at 5,500+ members, now we are at 3,500+ members. Do the math and see the loss of income from dues. We closed 8 chapters due to the pandemic but they were already struggling and on "life support".
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Phi Kappa Tau, Est 1906
"Developing Men of Character into Men of Distinction"
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