The Republican party could lose the next election to the Democrats due to the Republican National Committee’s (RNC) low revenue.

According to The Washington Post, the RNC last month reported its lowest amount of cash on hand since 2015 at just $9.1 million dollars. That figure is almost half of its Democrat counterpart, the Democratic National Committee (DNC) which has a whopping $17.7 million.

The RNC brought in $20 million and $61 million during the same period in the 2016 and 2020 election cycle, respectively. One reason the RNC’s revenue has dropped is large and small-dollar donations have dropped in recent years. According to The Post, some of those donors are holding off until 2024 while others are simply reluctant to contribute so as not to help elevate former President Donald Trump.

“It’s a revenue problem,” Oscar Brock, an RNC member in Tennessee, told the Post. “We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it. The staff has managed to tighten down on expenses to keep the party from going into the red.”

According to Patti Lyman, a Virginia RNC member, the blame for the GOP’s loss of revenue should be placed squarely on RNC Chairwoman Ronna McDaniel.

“The RNC’s electoral record since 2017 speaks for itself,” Lyma told the Post. “The damage from that chair election goes far beyond the drop in donations. Our base was demoralized.”

McDaniel, however, believes that most of the donors will jump in once the GOP elects a nominee for the 2024 presidential election.

“I think there’s more donors just fully committed to their candidate right now, saying I am all in, and once the nominee is set, I’ll be there. That’s what I hear more than anything. And they’re really solidly in the camps of their candidate, which is normal,” McDaniel told the Post. “There’s nothing unusual about this, because they know that once their candidate gets in that we will merge and that we’ll be working together to win the White House.”