Nonprofit Trade Association Business Plan

The Connecticut Motorsports Business Association (CMBA) is a nonprofit trade association of motorsports businesses in Connecticut. CMBA aims to enhance and improve the motorsports business climate in Connecticut by promoting the sport, protecting the rights of businesses, and helping businesses improve sales and profits.

The Organization

CMBA was founded in 1974 as the Connecticut Motorcycle Dealers Association. In 1992, the association expanded to include motorcycle accessory shops. The name was changed in 1995 to the Connecticut Motorsports Business Association to reflect the range of motorsports products sold and serviced by members.

Our management team consists of the board of directors, officers, and the executive director. We also employ a professional lobbyist to keep us informed about legislative activities. Committees and additional staff may be added to the management team as needed.

Services

CMBA provides a range of services to motorsport businesses, including coordinating activities such as monthly dinner meetings, a spring motorcycle show, winter conferences and seminars, an annual Awards Banquet, and the annual Connecticut SuperRide.

We also offer direct services such as professional lobbyist representation, monthly newsletters, regular meetings, special bulletins, and group benefits that include coordinating dealings with insurance companies and distributors.

Planned future services include a group insurance medical plan, a group buying plan, online sales and product distribution, a rider education facility, and a Connecticut Motorsport Park.

The Market

Research shows consistent growth in the motorcycle industry over the past seven years, creating opportunities for small, local businesses to thrive. Our potential members are primarily small businesses with limited resources for training and marketing. We provide sales and management training, marketing information, and marketing aids to help them improve earnings and increase the value of their investments.

Connecticut has over 100 motorsports businesses, and there are potential associate members outside the state such as manufacturers, distributors, and insurance companies.

CMBA aims to bring together all interested parties in the motorsport industry by targeting franchised dealers, independent accessory and repair outlets, insurance companies, distributors/manufacturers, and other interested parties.

Financial Considerations

Our main strategy is membership growth, which provides revenue from dues and establishes CMBA as the representative of the Connecticut motorsports industry.

We aim to finance growth solely through cash flow, without assessments or borrowing. Our funding is expected to increase from over $195,000 in the first year to over $263,000 in the third year. Net surplus will gradually increase over the next three years, while cash flow remains healthy. Surpluses will be allocated to legislative and marketing activities or held for contingencies.

Nonprofit Trade Association Business Plan Example

1.1 Objectives

  1. Year 1: Fifty members. Year 2: Sixty members.
  2. Net annual income > $60,000 to support staff and expenses.

1.2 Mission

The Connecticut Motorsports Business Association is a trade association of motorsports businesses in Connecticut and other interested parties. CMBA works to enhance and improve the motorsports business climate in Connecticut. It is a recognized and respected representative and proponent of the motorsports industry.

1.3 Keys to Success

  1. Over 25 years old, providing a long-standing trade association for Connecticut motorsports businesses.
  2. One of the few state motorsports organizations with a paid executive director/association management firm.
  3. Convenient member visits and meetings due to Connecticut’s small size.

Organization Summary

The CMBA has been Connecticut’s only trade association for motorcycle and motorsports businesses since 1974. Our focus is on improving and enhancing the motorsport business climate in Connecticut by:

  1. Promoting motorsports to the general public
  2. Protecting the rights of motorsports businesses
  3. Assisting motorsports businesses to improve sales and profits.

2.1 Legal Entity

The Connecticut Motorsports Business Association, Inc. is a Connecticut nonprofit corporation.

2.2 Organization History

CMBA was founded in 1974 as the Connecticut Motorcycle Dealers Association. In 1992, the name changed to the Connecticut Motorcycle Business Association to include motorcycle accessory shops. In 1995, it became the Connecticut Motorsports Business Association to recognize the selling and servicing of various motorsports products.

Nonprofit Trade Association Business Plan Example

Past Performance

FY 1997 FY 1998 FY 1999

Funding $18,000 $20,000 $20,780

Gross Surplus $3,000 $5,000 ($631)

Gross Surplus % 16.67% 25.00% -3.04%

Operating Expenses $50 $50 $50

Balance Sheet

FY 1997 FY 1998 FY 1999

Current Assets

Cash $11,000 $17,000 $12,000

Other Current Assets $0 $0 $0

Total Current Assets $11,000 $17,000 $12,000

Long-term Assets

Long-term Assets $0 $0 $0

Accumulated Depreciation $0 $0 $0

Total Long-term Assets $0 $0 $0

Total Assets $11,000 $17,000 $12,000

Current Liabilities

Accounts Payable $0 $0 $0

Current Borrowing $0 $0 $0

Other Current Liabilities (interest free) $0 $0 $0

Total Current Liabilities $0 $0 $0

Long-term Liabilities $0 $0 $0

Total Liabilities $0 $0 $0

Paid-in Capital $0 $0 $0

Retained Earnings $11,000 $17,000 $12,000

Earnings $0 $0 $0

Total Capital $11,000 $17,000 $12,000

Total Capital and Liabilities $11,000 $17,000 $12,000

Other Inputs

Payment Days 0 0 0

2.3 Locations and Facilities

Since its inception, the CMBA’s office has been that of its president. Since the mid-1990’s, however, a paid executive director/association management firm has provided housing for the CMBA’s office. At this time we have a modest website and are planning a separate phone line from that of the executive director.

Services

Activities and events:

1. Monthly dinner meetings for information sharing.

2. Lobbying and legislative services.

3. Annual awards banquet.

4. Spring motorcycle show.

5. Winter conference and seminars.

6. Annual Connecticut SuperRide.

7. Permanent rider education facility.

8. Connecticut Motorsports Park.

3.1 Service Description

Government: CMBA employs a professional lobbyist to represent our members with government agencies and the legislature.

3.2 Alternative Providers

While there are no direct competitors, there are other organizations that may solicit our members and prospects.

1. CBIA. Connecticut Business and Industry Association offers group insurance and other benefits to small businesses.

2. CATA. Connecticut Auto Trades Association offers benefits to firms selling motor vehicles.

3. CMTA. Connecticut Marine Trades Association offer benefits to firms selling watercraft.

4. Chambers of Commerce offer incentives to businesses in their local market.

5. National organizations (dealer groups, Lemco Twenty Clubs) offer benefits.

3.3 Printed Collaterals

The management team will develop an organization brochure to explain the benefits of membership to prospective members and associate members.

3.4 Fulfillment

The full-time executive director will personally visit every business in the state involved with motorsports, or otherwise interested in our goals and objectives, to solicit their membership in the Association. In addition, he will contact businesses outside the state that are potential Associate members.

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3.5 Technology

The executive director and the Association management team will maintain Windows and Mac capabilities including:

1. Complete email facilities on the Internet for working with members directly through email and website delivery of information.

2. Complete desktop publishing facilities for delivery of reports, announcements, news, and information.

3. Telephone and fax facilities, including a toll-free hot-line for members and consumers.

3.6 Future Services

Among the services planned for the future are:

1. A group insurance medical plan for all members.

2. A group buying plan for all members.

3. Bringing the CMBA members onto the Internet for consumer sales and inter-member product distribution.

4. A permanent rider education facility.

5. A Connecticut Motorsport Park.

Market Analysis Summary

There are over 100 businesses in Connecticut involved with motorsports; from franchised dealers and independent accessory shops, repair facilities, and used vehicle dealers to insurance agencies, distributors, manufacturers, and other interested parties. In addition, there are potential associate members outside the state, such as manufacturers, distributors, insurance companies, and others who service and sell to our members.

4.1 Market Segmentation

1. Franchised dealers.

2. Independent accessory, repair, used motorcycle, parts stores.

3. Insurance companies and agencies.

4. Distributors and manufacturers.

5. Other interested parties.

Nonprofit Trade Association Business Plan Example

Market Analysis:

The table below provides the growth of potential customers from 1999 to 2003:

Franchised Dealers: -10% growth, 25 (1999) to 17 (2003)

Independent Shops: 0% growth, 50 (1999) to 50 (2003)

Associate Members: 20% growth, 25 (1999) to 52 (2003)

Total: 4.44% growth, 100 (1999) to 119 (2003)

4.2 Target Market Segment Strategy:

Businesses in our industry typically do not join this association willingly; we need to actively recruit new members, particularly independent shops.

4.2.1 Market Trends:

The busy nature of our lives and increasing competitiveness, not only within our industry but also from other products and services, affects our customers’ purchasing decisions. Additionally, mail order and Internet marketers are eroding our market share. However, new motorcycle and powersports equipment sales are on the rise, thanks to increased consumer confidence and spending.

4.2.2 Market Growth:

According to the D.J. Brown Composite Index in Dealernews magazine, the motorcycle industry has experienced seven consecutive years of growth. This growth is not limited to cruisers and sportbikes, but also includes touring bikes and dirtbikes. Sales have increased by 17% since 1998. Powersports research reported that 56% of motorsports customers rely on local dealers for routine service.

4.2.3 Market Needs:

Most of our members and potential members are small businesses with limited resources for training and marketing. We can assist them in improving their profitability and increasing the value of their investments through sales and management training, marketing information, and marketing aids.

Strategy and Implementation Summary:

CMBA will focus on three major projects: Winter Conference combined with Motorcycle Show, SuperRide, and Annual Awards Banquet. Additional revenue will come from monthly dinner meetings (profit from dinner and sponsorships) and advertising sales in the monthly newsletter.

5.1 Strategy Pyramid:

Our main strategy is membership growth, which generates revenue through dues and positions CMBA as the true representative of the Connecticut motorsports industry. To achieve this, we will:

1. Regularly visit and contact potential members within and outside the state.

2. Emphasize the value of membership to attract new members.

3. Increase awareness of the association and its benefits.

Programs to support these tactics include association advertising and promotions, special events, support and development of locations for equipment use and training, legislative and government agency activity, and mutual legal aid and support.

5.2 Value Proposition:

Our members benefit from the collective knowledge and experience of various businesses, saving time and minimizing trial and error. Networking opportunities with peers, industry leaders, and government officials add value beyond the cost of membership. Additionally, members can leverage each other’s inventory for better customer service.

5.3 Competitive Edge:

Effectively persuading independent small-business owners to join our association requires a persuasive presentation of membership benefits. The executive director, along with the Membership Committee, will conduct in-person presentations supported by materials showcasing the value of membership. Increasing the meeting schedule and newsletter frequency will improve communication and raise awareness.

5.4 Marketing Strategy:

Our funding forecast includes strategic plans for different revenue sources. The Winter Conference and Motorcycle Show will be marketed to motorsports businesses in New England and New York. Fundraising programs involve monthly objectives with financial incentives for the executive director to exceed goals. Communication among officers, directors, and the executive director will occur regularly to evaluate progress.

5.4.2 Funding Forecast:

Anticipated funding is summarized in the table and chart below. Revenue projections are based on historical data and adjustments for new initiatives, such as enhanced conference support and partnerships for the Motorcycle Show and SuperRide.

Nonprofit Trade Association Business Plan Example

Nonprofit Trade Association Business Plan Example

Funding Forecast:

FY 2000 FY 2001 FY 2002

Dues $12,500 $15,000 $15,000

Monthly Meetings $6,000 $14,000 $15,000

Motorcycle Show $21,000 $25,000 $27,000

SuperRide $107,300 $120,000 $150,000

Awards Banquet $17,000 $20,000 $25,000

Conference $30,000 $30,000 $30,000

Newsletter $1,200 $1,200 $1,200

Total Funding $195,000 $225,200 $263,200

Direct Cost of Funding:

FY 2000 FY 2001 FY 2002

Dues $150 $200 $200

Monthly Meetings $4,800 $12,000 $12,000

Motorcycle Show $19,000 $20,000 $22,000

SuperRide $74,700 $80,000 $100,000

Awards Banquet $13,500 $16,000 $18,000

Conference $15,500 $17,000 $17,000

Newsletter $900 $900 $900

Subtotal Cost of Funding $128,550 $146,100 $170,100

5.5 Milestones

The table lists the program milestones, dates, responsible parties, and budgets. The milestone schedule emphasizes planning for implementation.

The commitment behind the table is not shown. Our business plan includes provisions for plan-vs.-actual analysis, and we will hold monthly follow-up meetings to discuss variance and course corrections.

Nonprofit Trade Association Business Plan Example

Milestones

Milestones
Milestone Start Date End Date Budget Manager Department
Fifty members for FY2000 9/30/1999 8/31/2000 $12,500 Essenfield Membership
400 at Awards Banquet 11/13/1999 11/13/1999 $17,000 D’Occhio Banquet
200 at Conference 9/30/1999 2/20/2000 $30,000 Essenfield Events
Other 9/30/1999 5/5/2000 $110,000 Essenfield Events
Totals $169,500

Management Summary

The management team consists of the board of directors, officers of CMBA, and the executive director. A professional lobbyist is also employed to monitor legislative activities and help achieve desired outcomes. Work will be divided among committees and additional staff may be hired for the Association management team.

6.1 Personnel Plan

Our personnel expenditures (executive director and lobbyist) for the first three years are summarized in the table below. Compensation will increase from approximately $43K in the first year to around $59K in the third year. This plan balances fairness and efficiency, aligning with our mission statement. The detailed monthly personnel plan for the first year is included in the appendix.

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Personnel Plan
FY 2000 FY 2001 FY 2002
Executive Director $39,000 $44,000 $53,000
Other $4,200 $5,000 $6,000
Total People 2 2 2
Total Payroll $43,200 $49,000 $59,000

Financial Plan

  • We aim to finance growth solely through cash flow, avoiding the need for member assessments or borrowing.

7.1 Important Assumptions

Notes for Funding chart for 1999-2000 (FY2000):

Revenues:

  1. Dues revenue assumes 50 members (new and renewing) at $250. Exec. Dir. visits all potential members in the state and contacts potential associate members.
  2. Meeting revenue assumes 20 people per monthly meeting, paying $25 each for dinner and meeting.
  3. Motorcycle Show revenue assumes 11,000 consumers at $10 each and 20,000 sq ft at $1 per sq ft.
  4. SuperRide revenue comes from Registrations, Exhibitors, Advertisers, Sponsors, and Specials. A separate chart is attached for the projected SuperRide forecast.
  5. Awards Banquet Revenue assumes 400 attendees paying $30 each, plus $5,000 in sponsorships.
  6. Conference Revenue assumes 200 attendees paying $125 each, plus $5,000 from sponsors and exhibitors.

Costs:

  1. Motorcycle Show costs include $10,000 for space, $9,000 for advertising, and $1,000 for other expenses.
  2. SuperRide costs include Promotion expenses, Event costs, and General expenses such as credit card charges and postage for confirmations.
General Assumptions
FY 2000 FY 2001 FY 2002
Plan Month 1 2 3
Current Interest Rate 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00%
Tax Rate 0.00% 0.00% 0.00%
Other 0 0 0

7.2 Projected Surplus or Deficit

Our projected surplus and deficit are shown in the following table. Funding will increase from over $195K in the first year to more than $263K in the third year. Profits may be allocated to legislative activities, marketing activities, or kept as contingencies. The detailed monthly projections are included in the appendix.

Nonprofit Trade Association Business Plan Example

Nonprofit Trade Association Business Plan Example

Nonprofit Trade Association Business Plan Example

Nonprofit Trade Association Business Plan Example

Surplus and Deficit

FY 2000 FY 2001 FY 2002

Funding $195,000 $225,200 $263,200

Direct Cost $128,550 $146,100 $170,100

Other Costs of Funding $0 $0 $0

Total Direct Cost $128,550 $146,100 $170,100

Gross Surplus $66,450 $79,100 $93,100

Gross Surplus % 34.08% 35.12% 35.37%

Expenses

Payroll $43,200 $49,000 $59,000

Marketing/Promotion $1,380 $6,400 $7,450

Depreciation $0 $0 $0

Rent $6,000 $6,500 $7,000

Telephone Service $1,200 $1,500 $1,800

Payroll Taxes $0 $0 $0

Other $0 $0 $0

Total Operating Expenses $51,780 $63,400 $75,250

Surplus Before Interest and Taxes $14,670 $15,700 $17,850

EBITDA $14,670 $15,700 $17,850

Interest Expense $0 $0 $0

Taxes Incurred $0 $0 $0

Net Surplus $14,670 $15,700 $17,850

Net Surplus/Funding 7.52% 6.97% 6.78%

7.3 Projected Cash Flow

Cash flow projections are critical to our success. The monthly cash flow is shown in the illustration, with one bar representing the cash flow per month, and the other the monthly balance. The annual cash flow figures are included here and the detailed monthly numbers are included in the appendix.

Nonprofit Trade Association Business Plan Example

Pro Forma Cash Flow:

Pro Forma Cash Flow
FY 2000 FY 2001 FY 2002
Cash Received
Cash from Operations
Cash Funding $195,000 $225,200 $263,200
Subtotal Cash from Operations $195,000 $225,200 $263,200
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $195,000 $225,200 $263,200
Expenditures
Expenditures from Operations
Cash Spending $43,200 $49,000 $59,000
Bill Payments $135,400 $149,039 $184,225
Subtotal Spent on Operations $178,600 $198,039 $243,225
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $178,600 $198,039 $243,225
Net Cash Flow $16,400 $27,161 $19,975
Cash Balance $28,400 $55,562 $75,536

7.4 Projected Balance Sheet:

The balance sheet in the following table shows managed but sufficient growth of net worth and a sufficiently healthy financial position. The monthly estimates are included in the appendix.

Pro Forma Balance Sheet
FY 2000 FY 2001 FY 2002
Assets
Cash $28,400 $55,562 $75,536
Other Current Assets $0 $0 $0
Total Current Assets $28,400 $55,562 $75,536
Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $28,400 $55,562 $75,536
Liabilities and Capital FY 2000 FY 2001 FY 2002
Current Liabilities
Accounts Payable $1,730 $13,192 $15,316
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $1,730 $13,192 $15,316
Long-term Liabilities $0 $0 $0
Total Liabilities $1,730 $13,192 $15,316
Paid-in Capital $0 $0 $0
Accumulated Surplus/Deficit $12,000 $26,670 $42,370
Surplus/Deficit $14,670 $15,700 $17,850
Total Capital $26,670 $42,370 $60,220
Total Liabilities and Capital $28,400 $55,562 $75,536
Net Worth $26,670 $42,370 $60,220

7.5 Standard Ratios:

The following table outlines some of the more important ratios from the Convention and Trade Show Organizers industry. The final column, Industry Profile, details specific ratios based on the industry as it is classified by the Standard Industry Classification (SIC) code, 7389.

Surplus and Deficit:

Funding:

Jul: $5,600

Aug: $5,600

Sep: $12,400

Oct: $5,900

Nov: $22,200

Dec: $16,000

Jan: $9,800

Feb: $30,600

Mar: $24,600

Apr: $24,600

May: $29,600

Jun: $8,100

Direct Cost:

Jul: $1,125

Aug: $975

Sep: $9,775

Oct: $2,775

Nov: $16,475

Dec: $4,475

Jan: $20,975

Feb: $31,475

Mar: $4,475

Apr: $16,475

May: $18,475

Jun: $1,075

Other Costs of Funding:

Jul: $0

Aug: $0

Sep: $0

Oct: $0

Nov: $0

Dec: $0

Jan: $0

Feb: $0

Mar: $0

Apr: $0

May: $0

Jun: $0

Total Direct Cost:

Jul: $1,125

Aug: $975

Sep: $9,775

Oct: $2,775

Nov: $16,475

Dec: $4,475

Jan: $20,975

Feb: $31,475

Mar: $4,475

Apr: $16,475

May: $18,475

Jun: $1,075

Gross Surplus:

Jul: $4,475

Aug: $4,625

Sep: $2,625

Oct: $3,125

Nov: $5,725

Dec: $11,525

Jan: ($11,175)

Feb: ($875)

Mar: $20,125

Apr: $8,125

May: $11,125

Jun: $7,025

Gross Surplus %:

Jul: 79.91%

Aug: 82.59%

Sep: 21.17%

Oct: 52.97%

Nov: 25.79%

Dec: 72.03%

Jan: -114.03%

Feb: -2.86%

Mar: 81.81%

Apr: 33.03%

May: 37.58%

Jun: 86.73%

Expenses:

Payroll:

Jul: $3,600

Aug: $3,600

Sep: $3,600

Oct: $3,600

Nov: $3,600

Dec: $3,600

Jan: $3,600

Feb: $3,600

Mar: $3,600

Apr: $3,600

May: $3,600

Jun: $3,600

Marketing/Promotion:

Jul: $115

Aug: $115

Sep: $115

Oct: $115

Nov: $115

Dec: $115

Jan: $115

Feb: $115

Mar: $115

Apr: $115

May: $115

Jun: $115

Depreciation:

Jul: $0

Aug: $0

Sep: $0

Oct: $0

Nov: $0

Dec: $0

Jan: $0

Feb: $0

Mar: $0

Apr: $0

May: $0

Jun: $0

Rent:

Jul: $500

Aug: $500

Sep: $500

Oct: $500

Nov: $500

Dec: $500

Jan: $500

Feb: $500

Mar: $500

Apr: $500

May: $500

Jun: $500

Telephone Service:

Jul: $100

Aug: $100

Sep: $100

Oct: $100

Nov: $100

Dec: $100

Jan: $100

Feb: $100

Mar: $100

Apr: $100

May: $100

Jun: $100

Payroll Taxes:

15%

Other:

Jul: $0

Aug: $0

Sep: $0

Oct: $0

Nov: $0

Dec: $0

Jan: $0

Feb: $0

Mar: $0

Apr: $0

May: $0

Jun: $0

Total Operating Expenses:

Jul: $4,315

Aug: $4,315

Sep: $4,315

Oct: $4,315

Nov: $4,315

Dec: $4,315

Jan: $4,315

Feb: $4,315

Mar: $4,315

Apr: $4,315

May: $4,315

Jun: $4,315

Surplus Before Interest and Taxes:

Jul: $160

Aug: $310

Sep: ($1,690)

Oct: ($1,190)

Nov: $1,410

Dec: $7,210

Jan: ($15,490)

Feb: ($5,190)

Mar: $15,810

Apr: $3,810

May: $6,810

Jun: $2,710

EBITDA:

Jul: $160

Aug: $310

Sep: ($1,690)

Oct: ($1,190)

Nov: $1,410

Dec: $7,210

Jan: ($15,490)

Feb: ($5,190)

Mar: $15,810

Apr: $3,810

May: $6,810

Jun: $2,710

Interest Expense:

Jul: $0

Aug: $0

Sep: $0

Oct: $0

Nov: $0

Dec: $0

Jan: $0

Feb: $0

Mar: $0

Apr: $0

May: $0

Jun: $0

Taxes Incurred:

Jul: $0

Aug: $0

Sep: $0

Oct: $0

Nov: $0

Dec: $0

Jan: $0

Feb: $0

Mar: $0

Apr: $0

May: $0

Jun: $0

Net Surplus:

Jul: $160

Aug: $310

Sep: ($1,690)

Oct: ($1,190)

Nov: $1,410

Dec: $7,210

Jan: ($15,490)

Feb: ($5,190)

Mar: $15,810

Apr: $3,810

May: $6,810

Jun: $2,710

Net Surplus/Funding:

Jul: 2.86%

Aug: 5.54%

Sep: -13.63%

Oct: -20.17%

Nov: 6.35%

Dec: 45.06%

Jan: -158.06%

Feb: -16.96%

Mar: 64.27%

Apr: 15.49%

May: 23.01%

Jun: 33.46%

Pro Forma Cash Flow:

Cash Received:

Jul: Not specified

Aug: Not specified

Sep: Not specified

Oct: Not specified

Nov: Not specified

Dec: Not specified

Jan: Not specified

Feb: Not specified

Mar: Not specified

Apr: Not specified

May: Not specified

Jun: Not specified

Cash from Operations:

Jul: Not specified

Aug: Not specified

Sep: Not specified

Oct: Not specified

Nov: Not specified

Dec: Not specified

Jan: Not specified

Feb: Not specified

Mar: Not specified

Apr: Not specified

May: Not specified

Jun: Not specified

Cash Funding:

Jul: $5,600

Aug: $5,600

Sep: $12,400

Oct: $5,900

Nov: $22,200

Dec: $16,000

Jan: $9,800

Feb: $30,600

Mar: $24,600

Apr: $24,600

May: $29,600

Jun: $8,100

Subtotal Cash from Operations:

Jul: $5,600

Aug: $5,600

Sep: $12,400

Oct: $5,900

Nov: $22,200

Dec: $16,000

Jan: $9,800

Feb: $30,600

Mar: $24,600

Apr: $24,600

May: $29,600

Jun: $8,100

Additional Cash Received:

Jul: Not specified

Aug: Not specified

Sep: Not specified

Oct: Not specified

Nov: Not specified

Dec: Not specified

Jan: Not specified

Feb: Not specified

Mar: Not specified

Apr: Not specified

May: Not specified

Jun: Not specified

Expenditures:

Expenditures from Operations:

Jul: Not specified

Aug: Not specified

Sep: Not specified

Oct: Not specified

Nov: Not specified

Dec: Not specified

Jan: Not specified

Feb: Not specified

Mar: Not specified

Apr: Not specified

May: Not specified

Jun: Not specified

Cash Spending:

Jul: $3,600

Aug: $3,600

Sep: $3,600

Oct: $3,600

Nov: $3,600

Dec: $3,600

Jan: $3,600

Feb: $3,600

Mar: $3,600

Apr: $3,600

May: $3,600

Jun: $3,600

Bill Payments:

Jul: $61

Aug: $1,835

Sep: $1,983

Oct: $10,257

Nov: $3,947

Dec: $16,790

Jan: $5,740

Feb: $22,040

Mar: $31,290

Apr: $5,590

May: $17,257

Jun: $18,610

Subtotal Spent on Operations:

Jul: $3,661

Aug: $5,435

Sep: $5,583

Oct: $13,857

Nov: $7,547

Dec: $20,390

Jan: $9,340

Feb: $25,640

Mar: $34,890

Apr: $9,190

May: $20,857

Jun: $22,210

Additional Cash Spent:

Jul: Not specified

Aug: Not specified

Sep: Not specified

Oct: Not specified

Nov: Not specified

Dec: Not specified

Jan: Not specified

Feb: Not specified

Mar: Not specified

Apr: Not specified

May: Not specified

Jun: Not specified

Net Cash Flow:

Jul: $1,939

Aug: $165

Sep: $6,817

Oct: ($7,957)

Nov: $14,653

Dec: ($4,390)

Jan: $460

Feb: $4,960

Mar: ($10,290)

Apr: $15,410

May: $8,743

Jun: ($14,110)

Cash Balance:

Jul: $13,939

Aug: $14,104

Sep: $20,920

Oct: $12,964

Nov: $27,617

Dec: $23,227

Jan: $23,687

Feb: $28,647

Mar: $18,357

Apr: $33,767

May: $42,510

Jun: $28,400

Pro Forma Balance Sheet

Ratio Analysis
FY 2000 FY 2001 FY 2002 Industry Profile
Funding Growth 838.40% 15.49% 16.87% 10.93%
Percent of Total Assets
Other Current Assets 0.00% 0.00% 0.00% 76.67%
Total Current Assets 100.00% 100.00% 100.00% 76.67%
Long-term Assets 0.00% 0.00% 0.00% 23.33%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 6.09% 23.74% 20.28% 40.41%
Long-term Liabilities 0.00% 0.00% 0.00% 17.31%
Total Liabilities 6.09% 23.74% 20.28% 57.72%
Net Worth 93.91% 76.26% 79.72% 42.28%
Percent of Funding
Funding 100.00% 100.00% 100.00% 100.00%
Gross Surplus 34.08% 35.12% 35.37% 100.00%
Selling, General & Administrative Expenses 26.55% 28.15% 28.59% 76.26%
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Pro Forma Balance Sheet
Jul Jun
Assets Starting Balances
Cash $12,000 $13,939 $14,104 $20,920 $12,964 $27,617 $23,227 $23,687 $28,647 $18,357 $33,767 $42,510 $28,400
Other Current Assets $0
Total Current Assets $12,000 $13,939 $14,104 $20,920 $12,964 $27,617 $23,227 $23,687 $28,647 $18,357 $33,767 $42,510 $28,400
Long-term Assets
Long-term Assets $0
Accumulated Depreciation $0
Total Long-term Assets $0
Total Assets $12,000 $13,939 $14,104 $20,920 $12,964 $27,617 $23,227 $23,687 $28,647 $18,357 $33,767 $42,510 $28,400
Liabilities and Capital
Current Liabilities
Accounts Payable $0 $1,779 $1,634 $10,140 $3,374 $16,617 $5,017 $20,967 $31,117 $5,017 $16,617 $18,550 $1,730
Current Borrowing $0
Other Current Liabilities $0
Subtotal Current Liabilities $0 $1,779 $1,634 $10,140 $3,374 $16,617 $5,017 $20,967 $31,117 $5,017 $16,617 $18,550 $1,730
Long-term Liabilities $0
Total Liabilities $0 $1,779 $1,634 $10,140 $3,374 $16,617 $5,017 $20,967 $31,117 $5,017 $16,617 $18,550 $1,730
Paid-in Capital $0
Accumulated Surplus/Deficit $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000
Surplus/Deficit $0 $160 $470 ($1,220) ($2,410) ($1,000) $6,210 ($9,280) ($14,470) $1,340 $5,150 $11,960 $14,670
Total Capital $12,000 $12,160 $12,470 $10,780 $9,590 $11,000 $18,210 $2,720 ($2,470) $13,340 $17,150 $23,960 $26,670
Total Liabilities and Capital $12,000 $13,939 $14,104 $20,920 $12,964 $27,617 $23,227 $23,687 $28,647 $18,357 $33,767 $42,510 $28,400
Net Worth $12,000 $12,160 $12,470 $10,780 $9,590 $11,000 $18,210 $2,720 ($2,470) $13,340 $17,150 $23,960 $26,670

Nonprofit Trade Association Business Plan Example

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