Financials

American Motorcyclist Association and Subsidiaries

Consolidated Statement of Activities

Year Ended September 30, 2016

Revenues $14,572,420
Functional Expenses 12,963,344
Administrative and Support Expenses 2,138,577
Increase in Net Assets from Operations (529,501)
Net realized and unrealized gain (loss) on investments 496,819
Investment Income 305,008
Change in unrestricted net assets $272,326
Unrestricted net assets at beginning of year 6,180,958
Unrestricted net assets at end of year $6,453,284

Consolidated Balance Sheet

Year Ended September 30, 2016

ASSETS
Current Assets
Cash and cash equivalents $455,729
Accounts Receivable 686,108
Prepaid expenses and other 486,172
Total Current Assets 1,628,009
Investments 10,287,894
Property and equipment - net 3,869,398
Total Assets $15,785,301
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable 1,665,579
Accrued compensation and related liabilities 313,954
Deferred revenue 6,870,632
Rider purses and insurance premiums 348,691
Other 133,161
Total current liabilities 9,332,017
Net Assets - Unrestricted 6,453,284
Total liabilities and net assets 15,785,301

Consolidated Statement of Cash Flows

Year Ended September 30, 2016

Cash Flows from Operating Activities
Increase (decrease) in net assets $272,326
Adjustments to reconcile increase (decrease) in net assets
Depreciation 596,295
Net realized and unrealized (gain) loss on investments (496,819)
Loss (gain) on disposal of equipment (9,555)
Bad debt recovery 463
Forgiveness of related party receivable
(Increase) decrease in operating assets:
Accounts receivable (152,946)
Inventory (8,736)
Prepaid expenses and other (27,105)
Increase (decrease) in operating liabilities:
Accounts payable 346,693
Accrued compensation and related liabilities 7,266
Deferred revenue (366,059)
Rider purses and insurance premiums (189,981)
Other liabilities 51,769
Net cash (used in) provided by operating activities 23,611
Cash Flows from Investing Activities
Payments for purchase of investments (462,961)
Proceeds from sale of investments 512,835
Payments for purchase of property and equipment (342,601)
Proceeds from disposition of property and equipment 9,555
Net (decrease) increase in cash and cash equivalents (259,561)
Cash and Cash Equivalents, beginning of the year 715,290
Cash and Cash Equivalents, end of the year $455,729
Supplemental Cash Flow Disclosure
Cash paid during the year for: Income tax $135,655