nhra income 6-2007 vs 2006

TOM KASCH · 04-25-2009, 09:59 AM

http://www.ask.com/bar?q=what+was+Na...%26tsource%3D3

go to : ask .com
and ask : what was national hot rod assoc income

TOM KASCH · 04-25-2009, 10:37 AM

6 months ending 6-30-06 revenue 3,659,000 profit $357,000

" " " 6-30-07 " $ 4,149,000 " $ 413,000

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.

RAY ADAM · 04-25-2009, 04:41 PM

then tell me why at division races they wont take checks or credit cards cash only. wheres that money? its not payed out.

Michael Pliska · 04-25-2009, 11:21 PM

Quote:

Originally Posted by RAY ADAM

then tell me why at division races they wont take checks or credit cards cash only. wheres that money? its not payed out.

Is it this way in all divisions? I ran a number of divisionals in D6 and D7 in the late 80's and early 90's, and always paid by check. I guess this is one more reason I'll be continuing to stay away from divisionals.

Regards,

cody pollage · 04-26-2009, 08:40 AM

Quote:

Originally Posted by Michael Pliska

Is it this way in all divisions? I ran a number of divisionals in D6 and D7 in the late 80's and early 90's, and always paid by check. I guess this is one more reason I'll be continuing to stay away from divisionals.

Regards,

Probably just depends on the track. I've been to number of divisional races where you could pay by check or credit card to race.

novanicks · 04-27-2009, 11:07 PM

I believe the gate income from a divisional race goes to that particular track not NHRA. I think the track just pays a fee to NHRA to host the divisional event. A lot of tracks still won't accept credit cards because there is a 1 to 3% fee for the transaction.

63corvette · 04-28-2009, 01:03 PM

Las Vegas divisional race would not take out of State checks but would take credit cards.
I still do not have a winnings check from the race. Still waiting for my out of State check from them !!!
My 2 Cents

04-25-2009, 09:59 AM	#1
TOM KASCH VIP Member Join Date: Apr 2004 Location: TOLEDO,OHIO Posts: 1,735 Likes: 0 Liked 241 Times in 100 Posts	nhra income 6-2007 vs 2006 http://www.ask.com/bar?q=what+was+Na...%26tsource%3D3 go to : ask .com and ask : what was national hot rod assoc income

04-25-2009, 10:37 AM	#2
TOM KASCH VIP Member Join Date: Apr 2004 Location: TOLEDO,OHIO Posts: 1,735 Likes: 0 Liked 241 Times in 100 Posts	Re: nhra income 6-2007 vs 2006 6 months ending 6-30-06 revenue 3,659,000 profit $357,000 " " " 6-30-07 " $ 4,149,000 " $ 413,000

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.

04-25-2009, 04:41 PM	#4
RAY ADAM Junior Member Join Date: Jan 2007 Location: WOONSOCKET RI Posts: 75 Likes: 0 Liked 37 Times in 3 Posts	Re: nhra income 6-2007 vs 2006 then tell me why at division races they wont take checks or credit cards cash only. wheres that money? its not payed out. Last edited by RAY ADAM; 04-25-2009 at 04:44 PM.

04-27-2009, 11:07 PM	#7
novanicks Junior Member Join Date: May 2008 Posts: 16 Likes: 0 Liked 0 Times in 0 Posts	Re: nhra income 6-2007 vs 2006 I believe the gate income from a divisional race goes to that particular track not NHRA. I think the track just pays a fee to NHRA to host the divisional event. A lot of tracks still won't accept credit cards because there is a 1 to 3% fee for the transaction.

04-28-2009, 01:03 PM	#8
63corvette Senior Member Join Date: Mar 2007 Location: Canyon, Tx Posts: 551 Likes: 127 Liked 353 Times in 102 Posts	Re: nhra income 6-2007 vs 2006 Las Vegas divisional race would not take out of State checks but would take credit cards. I still do not have a winnings check from the race. Still waiting for my out of State check from them !!! My 2 Cents