Whose interests does NHRA represent?

[Sean Kennedy]

Originally Posted by Alan Roehrich

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]

Originally Posted by Sean Kennedy

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]

Originally Posted by Don Kennedy

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]

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]

Originally Posted by Don Kennedy

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]

Originally Posted by X-TECH MAN

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]

Originally Posted by Don Kennedy

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]

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]

Originally Posted by Ed Fernandez

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]

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.