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Another Rumor
- Thread starter Notch1320
- Start date
stitcherbob
Nitro Member
WWWD
what would Wally do?
what would Wally do?
Jimbo
Nitro Member
I think it's called the Perfect Strom!
First, cancel any more events for the year and then like or not it's time to let some people go and slam the brakes on spending.
They have to get their business affairs in order before any more drag racing can continue.
The hardest part of running any business is regaining control.
Jim Hill
First, cancel any more events for the year and then like or not it's time to let some people go and slam the brakes on spending.
They have to get their business affairs in order before any more drag racing can continue.
The hardest part of running any business is regaining control.
Jim Hill
The positivity rate is still below 10% (7.9%), which is what the CDC measures to issue restrictions. If you're testing more the cases are going to go up, which is why the positivity rate is important. Look at Illinios, yesterday was the highest number of cases since May, but but the positivity rate was only 4% because they are testing a lot more.
Exactly, that's why it's important the NHRA does everything they can possible do to get these races in. It keeps the teams and sponsors going.
ironpony
Nitro Member
LOL, they are figuring out how big of a bonus to give themselves before filing fo bankruptcy. Happens everyday.
Briggs and Stratton executives all got multi million dollar bonuses the day before filing for bankruptcy.
Maybe this is why we haven't anything from John Force, he's planning a hostile takeover.
NFRA???? heh
LOL, Imagine what Force and Bader could do if they joined together? Seriously.Maybe this is why we haven't anything from John Force, he's planning a hostile takeover.
Ramjet
Nitro Member
NHRA doesn't have enough money to PAY them to take this disaster over!
If your curious there are some NHRA financial statements on line. The latest one I could find was from 2017. I tried to link it to this post but was not able to do it with my tablet. 2017 had 98 million in income and 20 million in salarys and other details werelisted. Pechaos someone else could link it. I googled "NHR A financial statements" and it came right up.
Rys
Rys
NHRA is a not for profit organization, so at the end of the year a significant percentage of the income has to be spent, thus the executives get a significant bonus each year.
I have no idea of what country's tax code you are referring to, but to my knowledge that is 100% false. They may get bonuses, but it is not because a significant percentage of the income has to be spent. You do have to file a 990 on how much you did spend, what category you spent it on and outline significant expenditures.
glofria
Nitro Member
Know the difference.
www.uschamber.com
Nonprofit, Not-for Profit & For-Profits: Key Differences
Nonprofit, not-for-profit, and for-profit organizational structures have different implications for your taxes, corporate governance, and business activities.
www.uschamber.com
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