2019 American Motorcyclist Association Annual Report — Financial Information
American Motorcyclist Association and Subsidiaries
Consolidated Statement of Activities
Year Ended September 30, 2019
| Revenues | $13,386,997 |
| Functional Expenses | 11,397,963 |
| Administrative and Support Expenses | 2,511,406 |
| Increase in Net Assets from Operations | (522,372) |
| Net realized and unrealized gain (loss) on investments | 234,924 |
| Investment Income | 327,920 |
| Change in unrestricted net assets | $40,472 |
| Unrestricted net assets at beginning of year | 7,218,508 |
| Unrestricted net assets at end of year | $7,261,981 |
Consolidated Balance Sheet
Year Ended September 30, 2019
| ASSETS | |
| Current Assets | |
| Cash and cash equivalents | $1,097,252 |
| Accounts Receivable | 548,721 |
| Prepaid expenses and other | 727,288 |
| Total Current Assets | 2,373,261 |
| Investments | 10,470,062 |
| Property and equipment – net | 3,047,606 |
| Total Assets | $15,890,929 |
| LIABILITIES AND NET ASSETS | |
| Liabilities | |
| Accounts payable | 1,533,498 |
| Accrued compensation and related liabilities | 308,759 |
| Deferred revenue | 6,427,166 |
| Rider purses and insurance premiums | 243,030 |
| Other | 116,495 |
| Total current liabilities | 8,628,948 |
| Net Assets – Unrestricted | 6,985,096 |
| Total liabilities and net assets | 15,890,929 |
Consolidated Statement of Cash Flows
Year Ended September 30, 2019
| Cash Flows from Operating Activities | |
| Increase (decrease) in net assets | $43,473 |
| Adjustments to reconcile increase (decrease) in net assets | |
| Depreciation | 398,461 |
| Net realized and unrealized (gain) loss on investments | (235,769) |
| Loss (gain) on disposal of equipment | |
| Bad debt expense | 33,665 |
| Forgiveness of related party receivable | |
| (Increase) decrease in operating assets: | |
| Accounts receivable | 237,274 |
| Inventory | (56,706) |
| Prepaid expenses and other | (236,373) |
| Increase (decrease) in operating liabilities: | |
| Accounts payable | (31,018) |
| Accrued compensation and related liabilities | (4,477) |
| Deferred revenue | (198,040) |
| Rider purses and insurance premiums | (124,514) |
| Other liabilities | 4,552 |
| Net cash (used in) provided by operating activities | (169,472) |
| Cash Flows from Investing Activities | |
| Payments for purchase of investments | (367,131) |
| Proceeds from sale of investments | 87,415 |
| Payments for purchase of property and equipment | (76,021) |
| Proceeds from disposition of property and equipment | |
| Net (decrease) increase in cash and cash equivalents | (355,737) |
| Cash and Cash Equivalents, beginning of the year | 1,622,461 |
| Cash and Cash Equivalents, end of the year | $1,097,252 |
| Supplemental Cash Flow Disclosure | |
| Cash paid during the year for: Income tax | $8,790 |