I've seen TEH TREASURER's sums, and the club would be healthy enough financially (and could adjust race fees accordingly should costs change in future). The racing side of things has been going well over the last few years.
Much as I like the magazine, it's hard to find volunteers with a sufficiency of Copious Free Time™ and the right combination of publishing and pestering-people-for-content (and/or writing all the content themselves because nobody contributed anything) skills. The general problem is that we have plenty of enthusiastic people who can't make the necessary time commitments. We're hoping that a re-vamped website with a less evil CMS would allow us to continue sharing the same sort of material, assuming it doesn't just fall into the Facebook hole.
If we don't maintain a 'membership' we don't need to maintain a membership list, process membership fees, etc. which reduces some of the other committee workload.
I've been carefully not taking on tasks beyond my race-timing role and occasional jibbling of the webby SCIENCE, because it's a recipe for disaster for an organisation to rely on a few people who do everything.