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American Bonanza Society Financial Report. 2010 Annual Meeting September 24, 2010. Membership Revenue. Slight increase in foreign postage. Small increase in new membership dues. Renewal dues steadily declining since 2007. Magazine Performance. 2005 – 2010 Projected.

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american bonanza society financial report

American Bonanza SocietyFinancial Report

2010 Annual Meeting

September 24, 2010

membership revenue
Membership Revenue
  • Slight increase in foreign postage.
  • Small increase in new membership dues.
  • Renewal dues steadily declining since 2007.
magazine performance
Magazine Performance

2005 – 2010 Projected

  • Static profit margin of about 9%.
  • Increase in bad debts in recent years.
  • Production cost controls assist in profitability.
general admin revenue
General & Admin. Revenue
  • Insurance Program
  • Funds have been dropping 8-10% a year.
  • Lower premiums from competitive market.
  • How do we maintain this revenue stream?
general admin revenue1
General & Admin. Revenue
  • Investment Income
  • UBS actively managing investment portfolio.
  • Income and unrealized gain (loss) improving.
  • Lower management fees are expected.
convention merchandise
Convention & Merchandise
  • Convention profitability on the decrease.
  • Location appears to play a key role.
  • Replaced with ABS Experiences in 2011.
  • Store profitability has been stable & reliable.
  • New inventory sparked small sales increase.
  • Oshkosh sales were down this year.
general admin expenses
General & Admin. Expenses
  • Changes to travel & business expense policy.
  • Modernizing operating systems.
  • Effects of Executive Director transition.
total revenue expenses
Total Revenue & Expenses

2005 – 2010 Projected

  • Expected loss $72,000 in 2010.
  • Catching up with member needs.
  • Optimization of resources important to future.
slide9

American Bonanza Society Air Safety Foundation, Inc.Financial Report

Including BPPP, Inc. - a wholly owned subsidiary

2010 Annual Meeting

September 24, 2010

asf bppp donations 2005 2010 projected
ASF & BPPP Donations2005 – 2010 Projected
  • Donations to ASF & BPPP declined in 2010.
  • 2009 spike is $1,000,000 Maciel donation.
asf service clinic revenue and expense
ASF Service Clinic Revenue and Expense
  • Service clinics offered at breakeven price.
  • 239 planes inspected during FY 2010.
bppp revenue expense 2005 2010 projected
BPPP Revenue & Expense2005 – 2010 Projected
  • Estimated $20,000 operating profit in FY10.
  • Incentive programs for first time attendees.
  • More flying attendees in FY10 than in FY09.
asf bppp net assets 2005 2010 projected
ASF & BPPP Net Assets2005 -2010 Projected
  • 2008 drop attributed to economic factors.
  • 2009 spike from $1,000,000 Maciel donation.
  • 2010 sees improvement in investment market.
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