NRHS Reveals Details of Proposed New Business Model
John Hankey’s recent “Trains of Thought” series makes a strong argument that the 80-year old model of the National Railway Historical Society is broken and is most likely months away from collapsing. Not included in John’s post is that a committee of NRHS volunteers has been working around the clock this summer to design a new business model that would transform NRHS into a contemporary organization with a vital purpose.
“What’s most interesting about John’s column is that our proposed new business model addresses nearly all the complaints he correctly points out: the need to replace an outdated membership model, the lack of a shared purpose among our membership, and poor communications between the national organization and its chapters,” explains Steve Barry, global NRHS director and a member of the new business model committee. “Had John Hankey known this project was being developed over the summer months, we’re sure it would have influenced his column.”
Significant Changes Coming As NRHS Stands at a Crossroads
Nearly 80 years after its founding, the NRHS stands at a crossroads. Just as the railroad industry transformed itself to adapt to changing times, so too must the NRHS form a new identity to survive. The society can no longer sustain itself with the same financial and membership model that has been used since 1935. Cost-cutting alone is not enough.
As a result, we have formed a New Business Model Committee that will design a concrete vision for our future, including a new financial model that provides long-term stability while strengthening our core mission of rail preservation. In September, this new model will be presented to the NRHS Board of Directors. The board will then make their final decision to approve or reject the new business model. See the complete story here.
2014 NRHS Election results Announced
The 2014 NRHS Election results were announced August 25 and Al Weber, District 6 Director, was named president for the 2014-2016 term of office. He will succeed Greg Molloy, who has served as president since 1994. Weber and all newly-elected NRHS board members will take office during the November 14-16 Fall Conference in Johnson City, TN.