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During IHRSA’s annual meeting, IHRSA’s board chair shared the impact that COVID-19 had on IHRSA and the industry, as well as the opportunity ahead for the industry. In addition, members elected new board leadership and board members. (Screen capture.)
During the International Health, Racquet and Sportsclub Association (IHRSA) annual meeting on March 30, IHRSA leaders spelled out the bad and the good for the fitness industry in 2020 and elected new board leaders and members.
First, the bad news.
The cancellation of the 2020 IHRSA Convention and Trade Show due to the COVID-19 pandemic led to a $3.75 million net asset deficit in fiscal year 2020 for the trade association for commercial club operators. Total revenue for IHRSA was $5.6 million while total expenses were $12.67 million, Carrie Kepple, who serves as board chair until June 30, said in sharing the financials for IHRSA for fiscal year 2020 (ending June 30, 2020), in the association’s