Reply To: Important Financial Update

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#9843
Larry KaseLarry Kase
Participant

I have received some updated info concerning winch expenses.

The winch loan is completely paid off. We have a side letter on our insurance for roughly $400/yr.

That gives the winch a break even of 57 member flights or just 9 day member flights. If the winch is not flown at all for an entire year, the cost for 50 members would be the price of 1 premium beer per year, about $9.
Is that too great of a financial burden?

Glider winches are made in California by Roman. The cost of a 2 drum winch with 450hp mounted on a truck would be over $110,000.
I would remind our BOD that the goal of SSI is too put smiles on the faces of our members. Not to earn the highest profit.
Larry