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Treasurer’s Report

Treasurer’s Report. 2009 NGB Meeting. Geoff Plante, Treasurer. June 11, 2009. Income Statement – Annual. Income Statement – May 31. Membership Trend. 9%. 16%. 7%. Income Statement – Analysis. USAPL has grown approximately 60% in terms of revenue and expense in 5 years

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Treasurer’s Report

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  1. Treasurer’s Report 2009 NGB Meeting Geoff Plante, Treasurer June 11, 2009

  2. Income Statement – Annual

  3. Income Statement – May 31

  4. Membership Trend 9% 16% 7%

  5. Income Statement – Analysis • USAPL has grown approximately 60% in terms of revenue and expense in 5 years • About half of this growth is revenue and expenses directly related to the Arnold Classic • Increase in open membership fee has contributed about $7,500 in additional revenue • Merchandising continues to be a steady revenue stream • Membership up approximately 16% in two years and growing • Raw movement and Arnold Classic participation have helped • General USAPL sponsorship is the next area we are targeting • Eliot Feldman is working with a sponsorship organization to raise funds for the organization

  6. The Arnold 2008 • Revenue Raised (est) $35,000 • Expenses Incurred (est) $42,000 Loss for the Meet $ 7,000 2009 • Revenue Raised (est) $70,000 • Expenses Incurred (est) $53,000 Profit for the Meet $17,000

  7. Revenues and Expenses Rank RevenueExpense 1MembershipsDrug Testing 2SponsorshipsArnold 3Drug Testing FeesSalaries/Commissions 4MerchandiseInsurance 5World TeamsWorld Teams 6Merchandise

  8. Things are Looking Up Strengths • Membership Trends are Strong • First quarter was better than 2008 by 23 memberships • Summer meet schedule is growing • Summer meet schedule is strongest it has been in years • Reports are that the average meet size is growing Opportunities • Build the sponsorship and fund raising arm of the organization • Attract new meet directors in targeted areas • Can USAPL provide some seed money to help with • Pick up some travel costs to get referees to meets

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