garfield Posted December 29, 2012 Author Share Posted December 29, 2012 The Colts Balance Sheet Assets Cash & Savings 2009: $9,663 2010: ($2,243) 2011: $27,768 Accounts Receivable 2009: $172,523 2010: $187,969 2011: $193,036 Inventories for sale or use 2009: $20,214 2010: $21,760 2011: $26,647 Land, buildings, equipment (@ cost less accumulated depreciation) 2009: $472,749 2010: $439,412 2011: $409,458 Note: It's worth mentioning again that these land, building, & equipment values are at COST less depreciation, NOT market value) Total Assets: 2009: $675,149 2010: $646,898 2011: $656,909 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 29, 2012 Author Share Posted December 29, 2012 The Colts Balance Sheet Liabilities Accounts Payable 2009: $83,567 2010: $94,766 2011: $103,855 Secured mortgages and notes payable to unrelated parties 2009: $303,655 2010: $285,835 2011: $352,010 Other Liabilities 2009: $38,362 2010: $76,411 2011: $73,255 Total Liabilities 2009: $425,584 2010: $457,012 2011: $529,120 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 29, 2012 Author Share Posted December 29, 2012 The Colts Net Assets or Fund balances Capital stock or trust principal, or current funds remained at $241,470 in all three years. Total Net Assets or Fund Balances 2009: $249,565 2010: $189,886 (minus $59,679 [24%] from 2009) 2011: $127,789 (minus $62,097 [32,7%] from 2010, minus $121,776 [48.7%] from 2009) Quote Link to comment Share on other sites More sharing options...
garfield Posted December 29, 2012 Author Share Posted December 29, 2012 This ends our look at The Colts. Any thoughts or comments before I move on? Quote Link to comment Share on other sites More sharing options...
garfield Posted December 30, 2012 Author Share Posted December 30, 2012 "And now, please welcome to the field, performing their 2009, 2010, and 2011 presentations of... 'By The Hair Of Their Chinny, Chin, Chin...' The Crossmen!" Quote Link to comment Share on other sites More sharing options...
garfield Posted December 30, 2012 Author Share Posted December 30, 2012 The Crossmen Gross Receipts 2009: $875,055 2010: $841,754 2011: $950,566 Quote Link to comment Share on other sites More sharing options...
garfield Posted December 30, 2012 Author Share Posted December 30, 2012 The Crossmen Revenue, Expenses, and Net Assets The Bottom Line Revenue 2009: $792,929 2010: $761,936 2011: $848,249 Expenses 2009: $808,963 2010: $769,649 2011: $844,463 Net Revenue (loss) 2009: ($16,034) a loss 2010: ($7,713) ditto 2011: $3,786 Net Assets 2009: ($24,357) more liabilities than assets 2010: ($25,157) ditto 2011: ($15,933) ditto Quote Link to comment Share on other sites More sharing options...
Stu Posted December 30, 2012 Share Posted December 30, 2012 ... I wonder before we jump headlong into the finances, why this corps doesn't seem to compete with the other "big boys" when they seem to spend like one? There are two sides of the coin: Side one is the 'business and finance' aspect and side two is the 'human interaction and personality' aspect. The 990's show only one side of the coin. Quote Link to comment Share on other sites More sharing options...
garfield Posted December 31, 2012 Author Share Posted December 31, 2012 There are two sides of the coin: Side one is the 'business and finance' aspect and side two is the 'human interaction and personality' aspect. The 990's show only one side of the coin. But Stu, without the 'business and finance" aspect, is there a 'human interaction and personality' aspect? Without attention to the the business and finance, the only human interaction will be a bunch of guys sitting around and talking about the good ole days. Quote Link to comment Share on other sites More sharing options...
Stu Posted December 31, 2012 Share Posted December 31, 2012 But Stu, without the 'business and finance" aspect, is there a 'human interaction and personality' aspect? I agree that financial responsibility and accountability is vital to the survival of a corps; but that was not your question. Your question was (why this corps doesn't seem to 'compete' with the other "big boys" when they seem to spend like one?) The answer is the flip side of the coin; human interaction and personality issues. Competitive prowess 'on the field' is about the human interaction while the financial accountability is about 'off the field' corporate stability. Quote Link to comment Share on other sites More sharing options...
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