The goodwill was a huge part of why I continue to pay the membership despite hardly ever going. Finding out my dues were embezzled have certainly soured my opinion. I think transparency is more important than formalization.
Keeping it informal and keeping it transparent aren't even related in my opinion. You can keep goodwill payments while being transparent about how the payments are being used.
> Finding out my dues were embezzled have certainly soured my opinion. I think transparency is more important than formalization.
Doesn't the fact that you know your dues were embezzled mean that they have in fact succeeded at being transparent? Seems like this is the best outcome. The alternative is that your money was embezzled and you never found out.