National event chaos?

Skydog · 12-03-2016, 09:23 PM

Did you see how much money NHRA supposedly lost.

From Dragracingonline

No profit, no joy found in NHRA's 2015 tax return

The Agent has just skimmed the NHRA's 2015 tax return and the news isn't good. Their gross income is down from 2014 by $2,000,000 going from about $99.5 million to $97.5 million. The company lost 5.7 million for the 2015 season.
Some quick math after looking at the membership revenue indicates that the association could have lost close to 20 percent of their members between 2014 and 2015. One thing that jumped out at the Agent was that former president Tom Compton was paid just over a million bucks in 2015 including a severance package.
No matter how you look at the NHRA, from a business point of view Peter Clifford and his management team have some issues they are going to have to deal with. One thing is absolute and that is currently the NHRA is both a non-profit and money-losing business. [12/02/16]

12-03-2016, 09:23 PM	#5
Skydog Junior Member Join Date: Mar 2015 Location: LI, NY Posts: 39 Likes: 19 Liked 17 Times in 8 Posts	Re: National event chaos? Did you see how much money NHRA supposedly lost. From Dragracingonline No profit, no joy found in NHRA's 2015 tax return The Agent has just skimmed the NHRA's 2015 tax return and the news isn't good. Their gross income is down from 2014 by $2,000,000 going from about $99.5 million to $97.5 million. The company lost 5.7 million for the 2015 season. Some quick math after looking at the membership revenue indicates that the association could have lost close to 20 percent of their members between 2014 and 2015. One thing that jumped out at the Agent was that former president Tom Compton was paid just over a million bucks in 2015 including a severance package. No matter how you look at the NHRA, from a business point of view Peter Clifford and his management team have some issues they are going to have to deal with. One thing is absolute and that is currently the NHRA is both a non-profit and money-losing business. [12/02/16]