NTE 1559 wrote:
Rumor has it that Logan was given contingent bonuses (that his contract allowed but we not automatic). Possibly even an extensive or modification of his contract in early 2010. If this is the case, the entore Personnel Committee of the Board (http://www.usatf.org/about/committees/BoardOfDirectors/) needs to resign.
Did his recent hires get contracts - do we have to pay them off if/when they go? Note 25 of the 42 staff are called manager, director, or officer.
I hope your claim isn't true about the bonuses.
Many people on the staff have been there for ever.
I was looking at the annual report to see who was on the board.
http://www.usatf.org/about/annualreport/2009.pdfSome interesting things. Logan says, "After nearly
six years of a flat budget of approximately $15 million, we have submitted an annual budget for 2010 of $21 million."
That may be the problem right there. Increasing the budget nearly 50% sounds like a recipe for disaster. Does anyone have any insight on what the finances for 2010 are looking like? I doubt Logan or the board would say, "Our budget is $21 million this year" without anticipating that type of revenue but maybe I'm wrong. As an uninformed outsider I don't see anything that would make me think USATF's revenues are increasing 50% this year. With the economy struggling I'd assume they 'd be hoping to hang on to what they got with modest growth. If the board signed off on 50% growth they would seem to be just as responsible as well for any sort of financial mess that results if the numbers don't materialize.
The goals of USATF are pretty amorphous but that's probably pretty common at non-profits. The Annual Report sure sounds like things are going great. It just came out recently although it's for 2009.
Here's the link again:
http://www.usatf.org/about/annualreport/2009.pdfHe talks about becoming a $30 million a year organization. Easier said than done.
The board has 15 people on it. Steve Holman and Deena Kastor.