Quote:
Originally Posted by Billy Nees
Ya know Barry, this^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ is one of the biggest issues that I have with the NHRA and it's members. I doubt very much that you would hire a contractor to paint your house not knowing if his company is solvent. Or a little closer to home, if you would hire an engine builder not knowing if he's going to be around next week. NHRA has to file a financial report every year and the Racers, as NHRA members/business partners should be aware of this.
|
Bill I may be wrong but I don't think so. A not for profit Business has to make their returns available for the public upon request. If you file form 990 to both the IRS and the not for profit business they need to make their taxes available along with some of the salaries of top executives. If they don't they could loose their not for profit status. I understand what you are saying but I can't say that I have ever asked for anyone's financials before they have done work for me. Including Brian Tilburg. Haven't been burnt yet but I also try I to stay with reputable companies. I personally don't have any interest in knowing what the State of NHRA's financials are or I would have had my Lawyer already submit the right form. Maybe some of the accountants on here could elaborate on this. If the **** hit the fan I know as a member I would want to do anything I could to get them through a tuff time. BP