troopers1 Posted December 22, 2012 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? It's almost all instructional / design staff. Quote Link to comment Share on other sites More sharing options...
troopers1 Posted December 22, 2012 Share Posted December 22, 2012 (edited) (Observation: "inconsistent" is the word I'm looking for. Looks like Troop needs some real help rescuing their fundraising efforts.) (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?) The fundraising situation was addressed, which should be apparent when the '12 990's become available. Concessions does look bad on it's own, but the bingo manager has a good grasp of what pulls them in, based on the overall results of the operation. Edited December 22, 2012 by troopers1 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 BUMP to maybe get an answer to the questions below (after I edited the post) 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? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 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. So, they're not knocking on the door (as in BD's case); that's good. But I imagine Troop is keeping a close eye on them, yes? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 Souvies are profitable. Concessions are just that - sales of concessions at the bingo hall. troopers1, post #779 above shows Revenue sales from "Inventory" at less than $10,000 in '09 and '10, but jumped up to $31,000 in '11. These don't seem to be big numbers. Is it fair to say these are souvie profits, or is "Inventory" something else? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 The fundraising situation was addressed, which should be apparent when the '12 990's become available. Concessions does look bad on it's own, but the bingo manager has a good grasp of what pulls them in, based on the overall results of the operation. Do you know (and can you say) what the fundraising "situation" was? Regardless, I'm glad to hear your confidence that it will look better in 2012's numbers. It would seem that Troop's basic problem is inconsistent revenue generation, except for gaming. Getting all these pieces running at full steam would seem a prime goal. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 The Troopers Balance Sheet Assets (Note: only four line items are shown in Assets) Cash 2009: $48,776 2010: $80,294 2011: $46,750 Accounts Receivable was NM in 2009 and zero in '10 and '11 Notes Receivable was $5,000 or less in each year Land, Buildings, and Equipment (cost less depreciation) 2009: $123,807 2010: $117,466 2011: $126,717 Total Assets: 2009: $180,665 2010: $117,466 2011: $126,717 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 22, 2012 Author Share Posted December 22, 2012 The Troopers Balance Sheet Liabilities Accounts Payable was NM during all three years Amounts payable was $7,000 in each year Secured Mortgages and notes payable 2009: $60,567 2010: $48,638 2011: $96,223 Total Liablilities 2009: $71,923 2010: $57,247 2011: $107,461 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 Balance Sheet Net Assets 2009: $108,742 2010: $60,219 2011: $19,256 Edited January 13, 2013 by garfield Quote Link to comment Share on other sites More sharing options...
troopers1 Posted December 23, 2012 Share Posted December 23, 2012 Do you know (and can you say) what the fundraising "situation" was? Regardless, I'm glad to hear your confidence that it will look better in 2012's numbers. It would seem that Troop's basic problem is inconsistent revenue generation, except for gaming. Getting all these pieces running at full steam would seem a prime goal. A big piece of our fundraising is done as part of the annual Night With the Troopers event. In '11 that event didn't come off as well as before. It was a huge success from an attendance standpoint, but didn't work as a fundraiser. By placing it with the home show in '12 the number got much better. Actually, what you say about consistent revenue generation outside of gaming is really the challenge of any any corps, including those without gaming. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.