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American Bonanza Society Financial Report

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

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  1. American Bonanza SocietyFinancial Report 2010 Annual Meeting September 24, 2010

  2. Membership Revenue • Slight increase in foreign postage. • Small increase in new membership dues. • Renewal dues steadily declining since 2007.

  3. Magazine Performance 2005 – 2010 Projected • Static profit margin of about 9%. • Increase in bad debts in recent years. • Production cost controls assist in profitability.

  4. 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?

  5. General & Admin. Revenue • Investment Income • UBS actively managing investment portfolio. • Income and unrealized gain (loss) improving. • Lower management fees are expected.

  6. 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.

  7. General & Admin. Expenses • Changes to travel & business expense policy. • Modernizing operating systems. • Effects of Executive Director transition.

  8. Total Revenue & Expenses 2005 – 2010 Projected • Expected loss $72,000 in 2010. • Catching up with member needs. • Optimization of resources important to future.

  9. American Bonanza Society Air Safety Foundation, Inc.Financial Report Including BPPP, Inc. - a wholly owned subsidiary 2010 Annual Meeting September 24, 2010

  10. ASF & BPPP Donations2005 – 2010 Projected • Donations to ASF & BPPP declined in 2010. • 2009 spike is $1,000,000 Maciel donation.

  11. ASF Service Clinic Revenue and Expense • Service clinics offered at breakeven price. • 239 planes inspected during FY 2010.

  12. 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.

  13. 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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