TWHBEA Financials…Both Good and Bad
Saturday, January 7, 2012
There is both good news and bad news in the TWHBEA’s financial statements presented at the annual meeting in early December. The report covered 11 months of the year and will no doubt change in either a positive or negative direction when year-end numbers are complete.
The good news is that year-to-date the Association is making a little money - $20,669 to be exact. October numbers showed a “profit” of $23,918 which indicates that prior to that month the Association was showing a YTD loss of $3,249 - or virtually a breakeven year. November numbers will determine whether the Association is profitable in 2011.
Here are some of the 2011 numbers:
$1,641,139 – 2011 year-to-date revenue
$1,620,470 – 2011 year-to-date expenses
$20,669 – 2011 year-to-date “profit”
Here are comparable 2010 numbers:
$1,963,702 – 2010 year-to-date revenue
$1,887,102 – 2010 year-to-date expenses
$76,599 – 2010 year-to-date “profit”
Comparison of 2011 and 2010 revenues:
$1,641,139 – 2011 year-to-date revenue
$1,963,702 – 2010 year-to-date revenue
$322,563 – decrease in revenue from 2010 to 2011
16% - percentage decrease
Comparison of 2011 and 2010 expenses:
$1,620,470 – 2011 year-to-date expenses
$1,887,102 – 2010 year-to-date expenses
$266,632 – decrease in expenses from 2010 to 2011
14% - percentage decrease
Comparison of 2011 and 2010 “profits”:
$20,669 – 2011 year-to-date “profits”
$76,599 – 2010 year-to-date “profits”
$55,930 – decrease in “profits” from 2010 to 2011
73% - percentage decrease
The disturbing number is that revenue dropped $322,562 or 16% from 2010. On the positive side, the Association was able to trim expenses $266,632 or 14% with the end result being a decrease in “profits” of $55,930 or 73%.
The association financials list 11 revenue sources and 13 expense categories and we will take a look at these in future posts.
More Stories |
-
The UPHA Ribbons of Service program is a wonderful example of how young people can use their passion for horses to help the children of St. Jude Children's Research Hospital and learn to give back to their communities...
Read More
-
The U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) has posted their fiscal year 2020 enforcement activity summary...
Read More
-
The Walking Horse Report recently received a copy of a 1946 Blue Ribbon magazine. The copy was sent by a Report subscriber Robert Smith in Elma, Wash...
Read More
-
The National Academies of Sciences, Engineering and Medicine (NAS) released their report, “A Review of Methods for Detecting Soreness in Horses,” earlier today. The committee has been working on the report for over a year with their first meeting happening in October 2019...
Read More
-
The United States Department of Agriculture’s Animal and Plant Health Inspection Services has informed the industry’s Horse Industry Organizations that it will host a virtual training this year due to ongoing conditions surrounding the Covid-19 pandemic.
Read More
-
The Kentucky HIO recently announced updates for the 2021 show season. The HIO will lower horse show affiliation fee to $50 and maintain the $6 inspection fee per horse this year...
Read More
-
It has been a year! The Walking Horse Industry remains strong and our supporters continue to dedicate their time and efforts to ensuring our future. Sales have seen record-high numbers and barns continue to bustle with the talk of the “next great one.”
Read More
-
The Walking Horse Trainers’ Association (WHTA) has posted an opening for its office manager position. The WHTA will begin taking applications immediately. Interested applicants should send their resume to the WHTA at PO Box 61, Shelbyville, Tenn. 37162.
Read More
-
The Report has recently learned of the passing of Dr. Gordon DePoyster on January 12, 2021. He is the husband ofLaMar DePoyster of Greenville, Kentucky...
Read More
-
Smoky Mountain Walking Horse Association is pleased to be offering college scholarships this spring..
Read More
|