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-   -   Whose interests does NHRA represent? (https://classracer.com/classforum/showthread.php?t=28621)

Greg Hill 09-22-2010 01:29 PM

Whose interests does NHRA represent?
 
With all that's been going on lately with the introduction of the new cars into stock and super stock, I have to ask whose interest does our sanctioning body represent? It seems to me like they operate as a for profit business to try and make as much money as possible without regard for members who have supported them for 20 or 30 years. How do you all feel about this? What do you think about having the four board members decide the future of NHRA without any input or accountability to anyone? Where do you all think the money goes that they make? These questions and a lot more need to be answered.

Ed Fernandez 09-22-2010 02:41 PM

Re: Whose interests does NHRA represent?
 
Greg,the only way to correct all the ills is for EVERY sportsman racer to boycott and not attend any races till they change course.We all know that wont happen.They will continue to do what they do best.Continue on like always and throw us a bone now and then to put down the firestorm without regard to the flames rising again in the future over future issues.

Chad Rhodes 09-22-2010 06:38 PM

Re: Whose interests does NHRA represent?
 
"the Board of Directors" end of story. that's all they care about

BlueOval Ralph 09-22-2010 07:12 PM

Re: Whose interests does NHRA represent?
 
The salarys as reported in DRO when they published the NHRA Tax returns come close to this city deal out there. But we didn't elect the NHRA guys they did it on there own!!!!!

X-TECH MAN 09-22-2010 07:38 PM

Re: Whose interests does NHRA represent?
 
And you guys keep on giving them your money so they can "Bend you over"......LOL.

Dick Butler 09-22-2010 08:45 PM

Re: Whose interests does NHRA represent?
 
They only represent "their own interests" They are a BUSINESS. They push the rules and variations as far as needed to keep people "hooked" and needing a place to see friends, hear the motors and smell the C-12. If all the friends met for picnics every 4 weeks in the summer it would threaten the existance of NHRA.

Sean Kennedy 09-22-2010 09:41 PM

Re: Whose interests does NHRA represent?
 
The only thing NHRA stood for was selling out to HD Partners and cashing in big time. Since that fell through, I don't think they care about much of anything other than keeping the association afloat so they still get a salary.

Don Kennedy 09-23-2010 12:23 AM

Re: Whose interests does NHRA represent?
 
let the Flaming begin > I don't agree with most about NHRA not paying attention to the sportsman , right now I suspect NHRA is trying just to stay alive and every time I have talked to them they are always concerned about every class. heck the one element we don't know is NHRA making any Money in this economy? and we don't know about the rest of the story,so how can anyone make a true assumption about how NHRA is doing??

Sean Kennedy 09-23-2010 01:17 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Don Kennedy (Post 212574)
let the Flaming begin > I don't agree with most about NHRA not paying attention to the sportsman , right now I suspect NHRA is trying just to stay alive and every time I have talked to them they are always concerned about every class. heck the one element we don't know is NHRA making any Money in this economy? and we don't know about the rest of the story,so how can anyone make a true assumption about how NHRA is doing??

I beleive per the tax returns that get posted on DRO that the NHRA lost money in 2008. I haven't been paying attention so I don't know if they released the return for 2009, but if you want to know if they are turning a profit that is the best place to look.

Alan Roehrich 09-23-2010 01:56 AM

Re: Whose interests does NHRA represent?
 
Looking at a tax return for any one to three year period can be extremely misleading.

For example, there are a ton of corporations that will show a profit this year, whether they actually made one or not, and have already decided to show a loss for 2011 in order to avoid the anticipated sunset of the "Bush tax cuts for the rich". They'll move profits and losses on paper, legally, to show whatever they need to show.

Further, the corporation "NHRA" may show a net loss, while every board member and silent shareholder takes home a nice hefty salary paycheck and bonuses.

Sean Kennedy 09-23-2010 02:01 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Alan Roehrich (Post 212587)
Looking at a tax return for any one to three year period can be extremely misleading.

For example, there are a ton of corporations that will show a profit this year, whether they actually made one or not, and have already decided to show a loss for 2011 in order to avoid the anticipated sunset of the "Bush tax cuts for the rich". They'll move profits and losses on paper, legally, to show whatever they need to show.

Further, the corporation "NHRA" may show a net loss, while every board member and silent shareholder takes home a nice hefty salary paycheck and bonuses.

Fair enough. Well put as always Mr. Roehrich.

Michael Beard 09-23-2010 09:23 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Sean Kennedy (Post 212581)
I beleive per the tax returns that get posted on DRO that the NHRA lost money in 2008. I haven't been paying attention so I don't know if they released the return for 2009, but if you want to know if they are turning a profit that is the best place to look.

Uh... what?

http://www.dragracingonline.com/anal..._12-tax-1.html

2008 revenue was greater than expenses by over $1.8 Million. (didn't want to use the word "profit" here) ;)

2009 returns will be released in December.

X-TECH MAN 09-23-2010 09:30 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Don Kennedy (Post 212574)
let the Flaming begin > I don't agree with most about NHRA not paying attention to the sportsman , right now I suspect NHRA is trying just to stay alive and every time I have talked to them they are always concerned about every class. heck the one element we don't know is NHRA making any Money in this economy? and we don't know about the rest of the story,so how can anyone make a true assumption about how NHRA is doing??

If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can.

Don Kennedy 09-23-2010 10:06 AM

Re: Whose interests does NHRA represent?
 
X-Tech man said
"If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can."
.

I don't agree one single bit about NHRA Executives being what you are calling them I have talked with them and they all have always been up front with me in nearly every single situation so far, so in my opinion what you are saying is unfounded

X-TECH MAN 09-23-2010 10:30 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Don Kennedy (Post 212621)
X-Tech man said
"If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can."
.

I don't agree one single bit about NHRA Executives being what you are calling them I have talked with them and they all have always been up front with me in nearly every single situation so far, so in my opinion what you are saying is unfounded

They make "HOW MUCH" for "HOW MANY HOURS " they call work ! They are NOT worth it ! Wow...have they ever got you fooled ! They are talking and acting just like politicians.

Don Kennedy 09-23-2010 10:39 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by X-TECH MAN (Post 212623)
They make "HOW MUCH" for "HOW MANY HOURS " they call work ! They are NOT worth it ! Wow...have they ever got you fooled ! They are talking and acting just like politicians.


No They don't have me fooled

Ed Fernandez 09-23-2010 11:25 AM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Don Kennedy (Post 212625)
No They don't have me fooled

Don,have you ever discussed the current situation with the CJs and DPs?What was their
position on them.

Greg Hill 09-23-2010 12:44 PM

Re: Whose interests does NHRA represent?
 
I just happen to have a 2008 tax return for NHRA in front of me. There are a few things that stand out. First there is $20,662,736 in salaries and benefits. $122,564365 in total revenue. Some of the expenses that might raise eyebrows: $24,035950 in advertising,$15,747,739 in office expense, which doesn't include any salaries or rent, right at $10,000,000 in other or all other expenses,$4,046,243 in travel expenses, $24,235,425 for prize money and trophies, $10,946,985 to track operators [ I'm guessing this is their share for National events ]. There are 10 people with total compensation over $200,000, with Compton being the highest at $771,632, Peter Clifford at $427,274, Graham Light at $353,782 and the one that really stands out Dallas Gardner $319,073 for 10 hours a week.

As high as we may think these salaries are the real money is in the expenses and where or who it is going to. $15 mil in office expense, give me a break. Almost 10 mil in other expenses. For the amount of revenue these expenses are nuts. Looks to me like a detailed audit would be in order.

Don Kennedy 09-23-2010 01:24 PM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Ed Fernandez (Post 212630)
Don,have you ever discussed the current situation with the CJs and DPs?What was their
position on them.


Ed don't care I am just working harder on my stuff or trying to lol

Chad Rhodes 09-23-2010 02:21 PM

Re: Whose interests does NHRA represent?
 
Mr. Compton, will you please put the drink down and untie Mr. Kennedy, give him his laptop back and let him out of the basement

..............................its the only logical explaination.

Don Kennedy 09-23-2010 03:06 PM

Re: Whose interests does NHRA represent?
 
Quote:

Originally Posted by Chad Rhodes (Post 212655)
Mr. Compton, will you please put the drink down and untie Mr. Kennedy, give him his laptop back and let him out of the basement

..............................its the only logical explaination.

LOL and that is funny .

hey I have had a few "firm discussions" with Tom Compton about not allowing golf carts in certain areas, Graham Light about everything and Peter Clifford about a Benefit for the racers lol at me being professional in discussion issues privately ,Also us Pontiac racers have been beat up for years by the Bogus Hp combinations with the chevies ,so basically this ain't my first rodeo , lol at me don't like the new hp ratings just work on your stuff harder is a quote a well know chevy racer told me a few years ago about my old Pontiac so now I am saying to all the chevy racers just work on your stuff harder , that is what I am trying to do ,it gets harder as I get older lol again at me TIG(tongue in Cheek) post

Paul Ceasrine 09-23-2010 04:24 PM

Re: Whose interests does NHRA represent?
 
It's nothing personal, it's just business.

A lawyer with his briefcase can steal more money than a hundred men with guns.

The NHRA is a successful operation. You hire the best law firm and
accountants that money can buy.

Capitalism at its finest.

Randall Klein 09-23-2010 05:48 PM

Re: Whose interests does NHRA represent?
 
I'm wondering why PRO doesn't complain more, or squeeze more purse money out of the NHRA cash cow...as it looks to be. They race for chump change relatively speaking, and they have the clout that Sportsmen will never have. They certainly have access to the tax return figures, yet they seem content for their purse structure...or not.

It would seem that Schumacher, Bernstein, et al would be all over the amount of cash that NHRA execs were packing away (shouldn't the Headquarters be in Bell, CA?)

Just seems.....

Greg Hill 09-24-2010 09:00 AM

Re: Whose interests does NHRA represent?
 
Randall, when I saw on the news, the other night, the story coming out of Bell, CA my first thought was NHRA and how similar the stories could be.

Bruce Noland 09-24-2010 09:09 PM

Re: Whose interests does NHRA represent?
 
nhra is a not for profit organization but it is very interesting to learn that most people think it is a for profit business.


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