Elwood Dowd wrote:

Jeez, that sounds more like a partnership than a club!

In fact, the club to which I belong - http://flyingclub.org/ - does seem to
be very much like a highly organized partnership. This appears to me to be
a Good Thing.

One of the side benefits is that one has an opportunity to learn about
owning, for example. One also has a say in club operations. It's added an
entirely new dimension to aviation, which is all on top of low rates for
good aircraft and no daily minimum nonsense.

There's also the social aspect to consider.

With respect to the OP's question about financials: the club can probably
provide a spreadsheet with all the details. Be sure that all the fixed
costs are covered by the dues, and variable costs are covered by the hourly
rates. Also, confirm that there's a reserve growing for the large ticket
maintenance items. Finally, look at the insurance policy.

These reduce the chance of surprises.

- Andrew