Large Financial Loss For SHOW In July
Wednesday, August 26, 2009

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The SHOW HIO released its July Profit and Loss Statement which showed a $28,048 loss in July.  SHOW has operated at a loss since its inception in April as it attempts to enhance inspections and bring credibility to the industry’s inspection process.

As of August 19, 2009 the bank balance of SHOW was $1,049.83.  In an attempt to help SHOW financially, The Tennessee Walking Horse National Celebration prepaid $20,000 of its inspection fees for the 71st Annual Tennessee Walking Horse National Celebration.  SHOW is the HIO of The Celebration.

SHOW, Inc.
Profit & Loss
July 2009

Ordinary Income/Expense
Income
  Fines    2,150.00
  Horse Sale Aff Fees  780.00
  Horse Show Aff Fees  38,488.00
  Judges Testing /Seminars 50.00
  Other Income   7,280.00
  Protests & Appeals  1,800.00
  Rule Books   70.00
 Total Income    50,618.00

Expense
  Cameras & Accessories  342.35
  DQP Hats & Patches  2,436.09
  DQP Misc   2,716.92
  DQP Program   859.66
  DQP Show Expenses  36,317.33
  DQP Training Clinics  1,461.89
  Hearing Committee Expense 1,425.27
  Janitorial   250.00
  Miscellaneous   316.52
  Office Equip Maintenance 1,051.56
  Office Rent   1,000.00
  Office Supplies & Equipment 343.55
  Payroll Expenses
   Executive Compensation 15,625.00
   Office Staff Compensation 5,932.51
   Payroll Expenses – Other 2,234.15
  Total Payroll Expenses   23,791.66
  
  Payroll Taxes   966.24
  Postage    700.00
  Printing & Duplication  719.20
  Stewarding   2,781.00
  Telephone   662.14
  Utilities    524.69
Total Expense    78,666.07
Net Ordinary Income  -28,048.07
Net Income    -28,048.07
  
 
 

 

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