SundayNiagara
Nitro Member
So let me put your own question to you. How would you change Super Comp? I'm being serious.
Alan
Get rid of it and bring in Top Dragster!
So let me put your own question to you. How would you change Super Comp? I'm being serious.
Alan
Bruce,
I love a good discussion or debate, but please don't talk to me like I am three years old.
btw Are you an NHRA member?
Alan
Who is the Chief Financial Officer, Who signs the tax returns, who prepares the returns, and finally has there ever been any internal audits to make sure employee's don't have their hands in the cookie jar. Most t $100 million dollar companies I know of have an accounting professional in their organization to properly account for the money brought in, standardize all accounting methods used, install audit controls to stop fraud, waste and abuse, and be the man in charge when issues of where money is spent, who spends the money, why it was spent, and signs the annual report and tax returns. This is business 101.
Wow , you teenagers sure are touchy about age .......don't talk to me like I am three years old....
Page 5 of the 2007 tax returns shows a reconcilation of the audited financial statements to the tax return. The 2008 & 2009 returns, as shown by Drag Racing Online, only show the first 4 pages of the return so it's not clear if an audit is still being done. However, I think it would be safe to assume that an audit is an annual occurence for an organization of this size. Their tax returns (and I would assume audit) are prepared by Moss Adams, a very well respected CPA firm.
Page 5 of the 2007 tax returns shows a reconcilation of the audited financial statements to the tax return. The 2008 & 2009 returns, as shown by Drag Racing Online, only show the first 4 pages of the return so it's not clear if an audit is still being done. However, I think it would be safe to assume that an audit is an annual occurence for an organization of this size. Their tax returns (and I would assume audit) are prepared by Moss Adams, a very well respected CPA firm.
How would you change Super Comp?
An I quite sure you notice that on 2009 return that Mr. Clifford did not affix his signature to the form. Just a casual observation. I've had to resubmit a tax return without a signature. Don't know how picky they are when dealing with businesses. The reason I bring this up is that if you look at 2004 return someone from NHRA sign the tax form.
Most entities only sign the tax return that is submitted to the governments. So providing a copy of the 990 to a person requesting it, and finding it unsigned, is not unusual.
You know out of all of this mess, the one thing that is a shame to me is that the NHRA could not have been evolved into a real live for profit publicly traded corporation (like NASCAR's race tracks) long before Wally Parks left the planet. Then all of this discussion could have gone the way of $1500 RS Camaros, $2 pit passes, and 5 cent Coca Colas. I would imagine had Mr Parks had a crystal ball and looked into the future, that NHRA would not have remained a non profit. And members could be happy with what they signed up for: a pin, a patch, a rule book, a decal, and 48 glorious weeks of National Dragster.
I think putting control of the NHRA in the hands of the members would be a disaster. A lot of them would be greedy, and only care about what benefited themselves, and not what is good for NHRA as a whole.Mike, I agree that at this point it would probably make more sense for the NHRA to be a for-profit company, along the lines of NASCAR.
But given it was started as a non-profit and then developed substantial value in its assets along the way (the NHRA brand and trademark is probably the largest asset), as I've described in previous posts its not a simple step to them to switch over to a for-profit company.
I think the current situation is the worst possible scenerio. The company is basically being operated as though it was a for-profit company. However, the the checks and balances that normally would be in place at such a company to replace underperforming board members have been eliminated by those very same board members, not a healthy situation.
I hope they end up going one of two possible directions, return to a true member oriented non-profit operation with member voting rights on board members or figure out how to transition to a for-profit company in a manner that treats the members fairly.
If the company is forced to transition to a for-profit status I don't see how any ownership of the company could possibly end up in the current board members hands, I think the only possible scenerio is that the ownership would transfer to the current members as stock shares.
I think putting control of the NHRA in the hands of the members would be a disaster. A lot of them would be greedy, and only care about what benefited themselves, and not what is good for NHRA as a whole.
Eugene, keep in mind that "control" means an annual vote on the NHRA board members (as was originally mandated), no more than that.
With the majority ruling in this vote, I think it could only result in something "good for the NHRA as a whole".
It still strikes me as strange how this group of individuals often appears to have such little faith in each other that they seem to prefer a flawed oligarchy over the potential of democratic control of the organization.
C'mon fellas, have some faith in each other.
That is one of the best posts I have seen on here in a while. You give credit where credit is due.Umm, C-mon Paul,
I frequent the "Racer boards"...do not expect me to have faith in the "fans" who are NHRA members, and want to throw out my prefered class of competition. Nor would I have faith in my fellow competitors...I've seen all too well how they treat each other on a regular basis.
Communication? It's a 2-way street people...I could care less about the suits, here is what I know: I have personally met and had conversations with 4 of the 7 Division Directors currently serving. All 4 are sharp, competent men who care about the racers, the events, the competition, and the employees who work for them. Nearly every member of the staffs in D-7,5 & 4, are tenured, caring, pleasant, hard working folks who do thier best to handle whatever a 3 or 4 day event throws at them. These are the people that represent NHRA to me, and they do an excellent job...so add me to the list of quiet, happy camper.
Get rid of it and bring in Top Dragster!
Agreed, but there just isn't enough cars! Houston last year had like 24 cars, class just isn't big enough!
Agreed, but there just isn't enough cars! Houston last year had like 24 cars, class just isn't big enough!