Thanks for the very complete response, Carpediemracing!
This gives us a lot to think about. I think the problem is that there are only 5-6 of the 30 who actually want to race at all. For this reason, I think promoting our own event is not realistic. BUT, I was not aware that co-promoting was an option. I will look further into this.
BTW, I completely hear you on the difficulties of promoting a race. I am coming from a very active club in the valley and have helped with quite a few races. They are a TON of work! That is one major reason why we don't want to have to do one of our own with only 5-6 guys who care enough to show up.
Thanks again. This is very helpful.