The National Reining Horse Association (NRHA) Board of Directors recently approved a 5-year plan with gradual service fee increases every other year as proposed by the Finance Committee. The first increase will begin in 2023, with the next changes coming in 2025 and 2027. This change presents an opportunity to save on memberships and services through December 31.
The updated fees policy can be found on the Fees & Services page at nrha.com. Many of the changes will be in the $5-$10 range. For example:
General / Non Pro 1-Yr. Membership $125 (from $115)
Professionals 1-Year Upgrade $55 (from $50)
Non Pro Declaration $45 (from $40)
Competition License (New or Transfer) $65 (from $60)
“Our industry is thriving, and we have a lot of momentum right now,” said NRHA President Rick Clark. “These increases that the finance committee recommended are necessary to help keep that momentum going, especially with all the exciting additions that we have coming next year. This plan is part of our five-year budget and is a solution so that our membership can have a gradual increase instead of a large increase at once, which we have seen in the past.”
NRHA is a multi-facet organization providing layers of services for members like the Green Reiner buckle awards program, Top Ten Year-End Awards, technology enhancements to better serve members, the North American and European Affiliate Championship programs, judges training and credentialing, etc. The demand for these programs continues even as talks of unfriendly market forces and the cost of doing business increase. NRHA leadership is committed to taking steps to ensure these operations are funded and mitigate inflation and recession.
“We are on target to keep our association financially responsible even with inflation and increased purses, and I commend the finance committee on creating a solution that is forward-thinking and provides security for NRHA.”
For NRHA, it has been several years since membership and licensing fees have increased, and in the past, fee increases have not kept pace with the cost of providing programs and services. The continued absence of fee increases will create a deficit in programs that could result in limiting or sun setting those programs. The leadership made many hard decisions to manage the Association’s finances throughout COVID and continues to look forward with financial guardianship of NRHA and its continued legacy. The planned every-other-year increases will be paired with targeted market investments, continued efforts to reduce expenses and drive efficiencies, as well as revenue enhancements to achieve NRHA’s goals and priorities. For an update on new, upcoming additions for 2023, such as increased 4-year-old stakes, an Affiliate Regional Championship Masters class, and a 2022 Buckle Ceremony, visit news.nrha.com.