The economy is in its deepest recession in 75 years. Unemployment is approaching 10 percent. Groups that rely on endowments and charitable donations have seen their coffers dry up, and apparently no one can survive without a government bailout.

However, someone forgot to tell all of this to the Rotary Club of Indianapolis. According to the monthly "dashboard report" that President Denny Sponsel provides to the membership, Indy Rotary is running a budget surplus, membership has increased substantially, dozens of service projects are in the works, and the club has a two-year...