garfield Posted December 22, 2012 Author Share Posted December 22, 2012 (edited) The Troopers Revenue Other Revenue Net income (loss) from fundraising events 2009: ($30,496) a loss (add this to post #772, "fundraising events": $118,141. Total Net: $87,645) 2010: $70,123 (add $0 from post #772) 2011: $14,171 (add $0 from post #772) (Observation: "inconsistent" is the word I'm looking for. Looks like Troop needs some real help rescuing their fundraising efforts.) Net income (loss) from gaming activities 2009: $314,507 2010: $333,894 2011: $430,213 (Observation: consistent and increasing. This looks good, but is it enough?) Net income from concessions (considering this terminology, I presume it's food sales at the gaming events) 2009: ($13,959) a loss 2010: ($24,051) a loss 2011: ($20,537) a loss (Observation: the last concession stand I ran was the band donut booth at the county fair, and I get that gaming players want food vending, but should it be a loss-leader for the gaming operation? Another $1 per pizza slice, another $.25 per drink...is it relatively easy to make money on food sales?) Edited December 22, 2012 by garfield Quote Link to comment Share on other sites More sharing options...
soccerguy315 Posted December 22, 2012 Share Posted December 22, 2012 Arguably one of the most recognizable brands in the activity is a souvie loser? Disappointing... Troopers have only made the top 10 once (1 time) since 1975... I don't think they have the name recognition that many on DCP give them credit for. 2 Quote Link to comment Share on other sites More sharing options...
Daave Posted December 22, 2012 Share Posted December 22, 2012 Ummm, not that I've ever been to Vegas or Atlantic City or anything, :ph34r:/>/> but could pull tab bingo games be considered concessions? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 Ummm, not that I've ever been to Vegas or Atlantic City or anything, :ph34r:/>/>/> but could pull tab bingo games be considered concessions? Jeesh, I have no clue. Maybe someone more familiar with gaming terminology can answer. Each "concession" entry on the Revenue state was shown as "Income from..." and "Expenses from...". Someone know if Daave might be right on the terminology? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 The Troopers Statement of Functional Expenses (Note: Each Expense line item can be categorized into one or more of three categories: "Program Service Expense (PSE)", "Management & General Expenses (MGE)", and "Fundraising Expenses (FRE)".) Compensation to current officers, directors, trustees, etc Compensation was consistent and NM, at less than $10,000 in each year Other Salaries and Wages 2009: PSE: $61,579, MGE: $54,576, Total: $116,155 2010: PSE: $67,773, MGE: $60,413, Total: $128,186 (a 10% increase from 2009) 2011: PSE: $84,334, MGE: $73,189, Total: $157,523 (a 23% increase from 2010, a 36% increase from 2009) (Note: "Contract Labor", presumably staff instructional help, shows up later in "Other Expenses" For a point of comparison, I'm going to show "Total Revenue" again: 2009: $789,791 2010: $966,955 (plus 22% from 2009) 2011: $928,044 (minus 4% from 2010, plus 17% from 2009) And, more specifically, PSE wages increased 25% from 2010 to 2011 but, in the same years, Total Revenue declined 4%. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 (edited) The Troopers Statement of Functional Expenses Miscellaneous expense line items such as payroll taxes, advertising, office exenses, etc were consistent across all three years. "Occupancy" expenses declined from $64,000 in '09 to $32,000 in '11. Other Expenses Vehicle Lease 2009: $168,400 2010: $192,110 2011: $132,740EDIT: Just found "Vehicle Expense", located under "Other" expenses, at $90,965. Total: $223,705. Also, in 2011, "Fuel" was broken out for the first time, at $75,167. So "Vehicle Lease" may be a dry lease. The increases are roughly 15% per year. troopers1 (or anyone else), do you know if this increase is from: Simply higher lease costs, A new piece of fleet equipment, A longer tour schedule, or A combination of all three? Edited December 22, 2012 by garfield Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 The Troopers Expenses Other Expenses Contract Labor 2009: $85,958 2010: $127,643 (plus 48% from 2009) 2011: $110,754 (minus 15% from 2010, plus 29% from 2009) Observation: We don't know exactly what's in this category but, presuming it contains staff instructional costs, is there a correlation between staff costs and placement? Quote Link to comment Share on other sites More sharing options...
troopers1 Posted December 22, 2012 Share Posted December 22, 2012 Troopers have a pretty robust gaming program, but their fundraising is sporatic and concession programs are loss leaders. I wonder if Wyoming gaming laws are favorable to Indian tribes as in other states. There is one Indian Casino that was licensed and started operating in 2009 or 2010. Before that it was pretty much a bingo hall. It is in Riverton, WY which is about two hours' drive from Casper. In the summer it draws people from Casper, but in the winter that declines due to road conditions / weather. Quote Link to comment Share on other sites More sharing options...
troopers1 Posted December 22, 2012 Share Posted December 22, 2012 Ummm, not that I've ever been to Vegas or Atlantic City or anything, :ph34r:/>/>/> but could pull tab bingo games be considered concessions? No. Pull tabs are very profitable. Quote Link to comment Share on other sites More sharing options...
troopers1 Posted December 22, 2012 Share Posted December 22, 2012 Arguably one of the most recognizable brands in the activity is a souvie loser? Disappointing... Souvies are profitable. Concessions are just that - sales of concessions at the bingo hall. Quote Link to comment Share on other sites More sharing options...
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