(1-30-23) Cha-Ching!!! the cash register continues to ring for the Ohio High School Athletic Association (OHSAA).
After the fall tournaments $626,000 more then expected was received.
The latest financial updates were given to the Board of Directors at their 1-12-23 meeting. Including a $2.8 million dollar transfer from operations to the Investment account and $350,000 for capital improvements.
All items saw the board vote 8-0 to approve on a recommendation by the Executive Director.
Portions of the the preliminary minutes from the January 12, 2023, OHSAA Board of Directors Meeting
The latest audit that was approved at the meeting does not appear on the OHSAA’s Financial page. The OHSAA Financials page needs to be updated—the last audit that is listed on this page is for the 2018-19 year.
Presently the page describes the benefits as —
Did You Know? OHSAA Financials
The OHSAA is the only high school state association in the United States that combines all of the following financial benefits:
- Member schools do not pay any annual membership dues.
- Member schools pay limited tournament entry fees.
- Members schools receive travel expenses reimbursement for selected regional and state tournaments.
- The OHSAA pays the entire premium for the catastrophic insurance coverage for all student-athletes.
- Schools have the opportunity to sell pre-sale tickets to some regional and state tournaments and keep a portion of the revenue.
- Annually, an average of $2.6 million is distributed to schools in the form of travel reimbursements and ticket bonuses from tournament operations.
- $150,000 in scholarships to member school student-athletes to purther education in the student’s chosen fields.
The Budget: The OHSAA’s budget is comprised of three main sources of revenue: 78% comes from ticket sales at tournaments, 11% comes from annual officiating permit renewals and 11% comes from corporate sponsorships.
- The OHSAA receives no tax dollars of any kind.
Schools are towing the line…while the ‘non-profit‘ OHSAA is benefiting from the current financial conditions.