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