Firearms magazine calls out NRA's financial woes as critics laud organization's challenges
An op-ed published by a firearm magazine recently took aim at the National Rifle Association (NRA). The piece, written by Rocky Marshall, a former board director for the organization, is circulating as it holds its annual meeting while facing financial woes.
In the piece, Marshall emphasized the impact of "insolvency" describing it as the "last warning sign on the financial road which drives most organizations into bankruptcy."
He also criticized the annual meeting saying it “ironically corresponds to a financial tipping point when the NRA’s cash meter drops to empty.”
"Insolvency is the last warning sign on the financial road which drives most organizations into bankruptcy," Marshall wrote. "Using the NRA’s balance sheet metrics, an insolvency date can be roughly predicted. The NRA is depleting net assets at a rate of $4.5M each month (ref: November 2022 financials presented to the BOD-January 2023)."
The piece also highlighted the problems with the meeting and how its finances will be impacted by it.
“The annual meeting should be a highlight for all members as a celebration of the second amendment and of the NRA’s long history of supporting firearm programs,” the opinion piece stated. “However, the greatest spectacle will be when the NRA’s financials are reviewed by the Board of Directors (BOD) with the possible anecdote ‘Indy We Have A Problem!’”
“The NRA’s financials are more than just a problem; the actual numbers reflect how the ongoing corruption scandal has decimated the organization,” it continued. “In reviewing the current balance sheet through November 30, 2022, the pending disaster is easy to predict.”
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The release of Firearm News' piece comes as reports have confirmed the presence of financial obstacles for the organization.
Speaking to Raw Story, Christian Heyne —who serves as Brady's Vice President of Policy and Programs— weighed in on the issues the organization is facing and its downward spiral over the last decade.
“The NRA leadership has been operating so far from its membership that it’s really one of the reasons that the gun-violence prevention has been so successful in the last decade,” Heyne told the news outlet. “Folks who are members of the NRA know how corrupt and extreme the leaders are and they’re beginning to pressure politicians for action. They’re sick and tired of the violence, too.”
