The American Club 2023/2024 Annual Report

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OPERATIONAL HIGHLIGHTS The demand for Membership was at a record high in FY2023 with the reopening of borders post COVID-19 pandemic. However, FY2024 saw a slow intake of Ordinary Members as well as the calibrated enrollment of Term membership category from January 2023. Overall, the Club generated a Total Income (Operating Fund) of $36.96 million in FY2024, a slight increase of $0.6 million from FY2023 of $36.37 million.

TOTAL INCOME (OPERATING FUND) (S$'000)

0% 20% 40% 60% 80% 100% F F Y Y 2 2 0 0 1 2 5 0 F F Y Y 2 2 0 0 2 2 1 2 F F Y Y 2 2 0 0 2 2 3 4 2 3 7 1 % % 2 2 9 9 % % 2 2 9 9 % % 3 3 4 7 % % 35 3 % 9% 6% 7% 11% 9% 1 1 1 0 % % 9% 10% 9% 8% 8 8 % % 4% 5% 3% 3% 3 4 % % 10% 4% 7 6 % % 2 1 % % 4 4 2 3 % %

$36.96M

$36.37M

$33.87M

$32.04M

$28.97M

$36.50M

Membership Fitness & Leisure Youth & Bowling

Food & Beverage Club Services Others (MSV, ME, Other income)

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2023 / 2024