The GAA is budgeting for a deficit of around €15m (£13m) by the end of this financial year if the inter-county games programme has not resumed by then.
The stark warning was given to county treasurers in a conference call with the Association's national finance committee during the week and came ahead of another round of salary deferrals which employees at central, provincial and county level were informed of yesterday that will affect them up to the end of June.
The GAA has been pragmatic about the resumption of games and the requirement to follow public health guidelines that have player safety at the forefront.
But the financial toll for an Association that doesn't build cash reserves is heavy.
After record income of almost €74m (£64m) in 2019, which included the takings from an All-Ireland football final replay, projections revealed to treasurers now put income streams at around €10m (£8.7m) with expenditure potentially coming in at around €25m (£21.7m).
Employees affected by the deferrals were informed yesterday that it "appears increasingly unlikely that there will be a significant programme of inter-county GAA games before the end of the financial year due to the ongoing Covid-19 emergency, with the result that there will be no significant revenue generated or cash received over coming months".
The GAA's financial year ends on October 31 and that will leave revenues extremely stretched in the likely event that games are still parked by then.
With around €4m (£3.4m) sponsorship, close to €3m (£2.6m) already taken in gates from the various All-Ireland Club finals and five rounds of the leagues and the rest from some State grants and registrations, income is unlikely to push much beyond €10m (£8.7m), unless there is a change in circumstances.