NHRA roles for bankruptcy

KRatcliff · 08-04-2020, 09:34 PM

Maybe this would clarify where I am going with the compensation ratios a little better with the NHRA. It is fairly well known that they don't pay the track help much at all and that they seem to produce VPs like weeds. If you look at their most recent available tax returns they had been running at about a 15% compensation to revenue ratio.

But the last couple of years that are available to review they have increased that to about 20% without a material change in revenue. I would venture to guess that the 2018 and 2019 filings would reflect a percentage of greater than 20%. It is information like this along with the reduction in tech, payouts, increased entries, and other things that make the upper execs at the NHRA appear to be lining their pockets at the expense of others such as the racers.

SStockDart · 08-04-2020, 10:32 PM

And of course, everyone believes to other makes too much money. I've been away for a while, but a $30 per hour employee actually costs the company around $50 when figuring the costs for workers comp, social security, retirement, 401 matching, insurancex2, life insurance, osha's compliant.
So, ya want to start a company, or bitch about one.

08-04-2020, 09:34 PM	#1
KRatcliff Senior Member Join Date: Sep 2011 Posts: 763 Likes: 75 Liked 524 Times in 141 Posts	Re: NHRA roles for bankruptcy Maybe this would clarify where I am going with the compensation ratios a little better with the NHRA. It is fairly well known that they don't pay the track help much at all and that they seem to produce VPs like weeds. If you look at their most recent available tax returns they had been running at about a 15% compensation to revenue ratio. But the last couple of years that are available to review they have increased that to about 20% without a material change in revenue. I would venture to guess that the 2018 and 2019 filings would reflect a percentage of greater than 20%. It is information like this along with the reduction in tech, payouts, increased entries, and other things that make the upper execs at the NHRA appear to be lining their pockets at the expense of others such as the racers.

08-04-2020, 10:32 PM	#2
SStockDart VIP Member Join Date: Dec 2007 Location: Arizona, Texan forever Posts: 1,176 Likes: 878 Liked 574 Times in 212 Posts	Re: NHRA roles for bankruptcy And of course, everyone believes to other makes too much money. I've been away for a while, but a $30 per hour employee actually costs the company around $50 when figuring the costs for workers comp, social security, retirement, 401 matching, insurancex2, life insurance, osha's compliant. So, ya want to start a company, or bitch about one. __________________ Gary Hansen - SS/FA 4911, B/SA 4911