nhra income 6-2007 vs 2006

novanicks · 04-25-2009, 12:31 PM

This isn't accruate. If you are interested in the NHRA's finanical information it's publicly available as they are a 501c6 non profit. Go to www.guidestar.com, register, and look up NHRA.

Guidestar is a database of charities. If you want to see their financial information, go to the Form 990 and it's all their on page one. The NHRA's revenue for 2007 was about $115 million. Their income was about $5 million.

I have seen a lot of commentary on NHRA's income and management salaries on this site. I would argue that much of the commentary is from people inexperienced with profit margins and executive compensation.

While NHRA did net $5 million last year this is only a 4% net margin. NHRA has to maintain some kind of positive margin to suffice its creditors and to re-invest in intself. A 4% margin is very responsible.

As far as compensation, the respective salaries of the management given the size of the organization and NHRA's success is in line with similar companies, even those in the non-profit sector.

04-25-2009, 12:31 PM	#3
novanicks Junior Member Join Date: May 2008 Posts: 16 Likes: 0 Liked 0 Times in 0 Posts	Re: nhra income 6-2007 vs 2006 This isn't accruate. If you are interested in the NHRA's finanical information it's publicly available as they are a 501c6 non profit. Go to www.guidestar.com, register, and look up NHRA. Guidestar is a database of charities. If you want to see their financial information, go to the Form 990 and it's all their on page one. The NHRA's revenue for 2007 was about $115 million. Their income was about $5 million. I have seen a lot of commentary on NHRA's income and management salaries on this site. I would argue that much of the commentary is from people inexperienced with profit margins and executive compensation. While NHRA did net $5 million last year this is only a 4% net margin. NHRA has to maintain some kind of positive margin to suffice its creditors and to re-invest in intself. A 4% margin is very responsible. As far as compensation, the respective salaries of the management given the size of the organization and NHRA's success is in line with similar companies, even those in the non-profit sector.