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HomeMy WebLinkAboutTeton Dam and Triathlon Financial Analysis.pdfRexburg Race Series Financial Analysis Forecasted Teton Dam Marathon MAYOR MAYOR MAYOR DONNIE BEN BEN BEN BOB/HAYES HAYES BOB/HAYES BOB TOM TOM 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average Entry Fees/Sales 5,297 16,199 25,593 30,590 41,064 41,663 39,564 30,035 22,997 18,615 23,850 28,100 26,964 Donations 6,233 6,082 9,083 3,751 - 125 3,750 5,562 10,700 5,032 Idaho Triple Crown 989 1,100 1,045 Total Revenues 5,297$ 16,199$ 25,593$ 36,823$ 47,146$ 50,746$ 43,315$ 30,035$ 23,122$ 22,365$ 30,401$ 39,900$ 30,912 Total Expenses 3,784 9,987 17,260 27,976 38,843 27,414 32,234 30,448 27,240 30,965 29,665 48,500 27,026 Net Profit/Loss 1,513$ 6,212$ 8,333$ 8,847$ 8,303$ 23,332$ 11,081$ (413)$ (4,118)$ (8,600)$ 736$ (8,600)$ 3,885$ Rush Triathlon 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average Entry Fees/Sales 1,522 2,392 3,723 7,679 11,127 20,506 16,674 13,104 10,157 9,944 5,352 4,467 5,128 8,598 Donations 3,082 2,667 4,349 1,780 80 680 235 3,812 6,910 2,622 Total Revenues 1,522$ 2,392$ 3,723$ 7,679$ 14,209$ 23,173$ 21,023$ 14,884$ 10,237$ 10,624$ 5,587$ 8,279$ 12,038$ 10,413 Total Expenses 830 1,448 3,519 13,311 23,412 16,930 20,068 21,630 29,162 20,344 14,567 16,627 16,200 15,234 Net Profit/Loss 692$ 944$ 204$ (5,632)$ (9,203)$ 6,243$ 955$ (6,746)$ (18,925)$ (9,720)$ (8,980)$ (8,348)$ (4,162)$ (4,821) Youth Triathlon 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average Entry Fees/Sales 2,394 2,545 2,469 Donations 1,469 1,336 1,402 Total Revenues 3,863$ 3,881$ 3,872 Total Expenses 3,487 3,800 3,644 Net Profit/Loss 376$ 81$ 228 Main Street Mile 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average Entry Fees/Sales 737 1,225 981 Donations 825 2,334 1,579 Total Revenues 1,562$ 3,559$ 2,560 Total Expenses 617 2,335 1,476 Net Profit/Loss 945$ 1,224$ 1,084 All Race Events 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average Total Revenues 1,522$ 7,689$ 19,922$ 33,272$ 51,032$ 70,319$ 71,769$ 58,199$ 40,272$ 33,746$ 27,952$ 44,104$ 59,377$ 47,757$ Total Expenses 830 5,232 13,506 30,571 51,388 55,773 47,482 53,864 59,610 47,584 45,532 50,396 70,835 47,380$ Net Profit/Loss 692$ 2,457$ 6,416$ 2,701$ (356)$ 14,546$ 24,287$ 4,335$ (19,338)$ (13,838)$ (17,580)$ (6,292)$ (11,457)$ 377$ Race Participation 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Teton Dam Marathon Marathon 137 148 103 100 64 93 86 Marathon Relay 20 22 15 58 124 104 72 Half Marathon 370 372 317 201 171 240 192 10K 177 148 157 118 67 76 96 5K 195 153 127 115 100 133 145 Fun Run/Kids Run 24 36 71 117 Complimentary Entries 5 5 3 n/a Total 0 50 351 620 962 1097 928 884 793 592 526 646 708 RUSH Triathlon Sprint 246 241 140 119 63 62 Sprint Team 19 14 10 27 11 11 Olympic 91 83 64 53 28 26 Olympic Team 7 7 4 12 2 9 Complimentary Entries 4 4 2 2 2 3 Total 43 77 137 238 352 377 367 349 220 213 0 106 111 Youth Triathlon Beginner 50 60 Intermediate 20 37 Elite 13 15 Total 0 0 0 0 0 0 0 0 0 0 0 83 112 Main Street Mile 153 263 Total All Races 43 127 488 858 1314 1474 1295 1233 1013 805 526 988 1194 Participant % Increase/(Decrease)195%284%76%53%12%-12%-5%-18%-21%-35%88%21% Explanation of Teton Dam Marathon Loss in Fiscal Year 2015 Item FY 14 FY 15 Difference Profit/Loss 736 (8,600) (9,336)$ Entrance Fees/ITC 24,839 29,200 4,361$ Had 708 runners (591 without Kids Run) compared to 646 in 2014 (no kids run in 2014) Donations 5,562 10,700 5,138$ Highest donation year in history of the Marathon Wages/Benefits -3636 -8500 (4,864)$ Medals -2898.1 -4106 (1,208)$ Higher Quality Medal and Band Cash Awards -2200 -2900 (700)$ Gave to 1st, 2nd and 3rd rather than just overall Race Flags for course 0 -1900 (1,900)$ these will last for 4 to 5 years Barricades at Finish Line 0 -1200 (1,200)$ should last 10 plus years Space Blankets 0 -600 (600)$ should last many years depending on weather. May not do in future Finisher Banners 0 -300 (300)$ Can use a few more years Photogrophers/Finisher Video 0 -600 (600)$ Runners really liked these features as per feedback Van Wrap 0 -2600 (2,600)$ total cost $5200. 1/2 to other races. Will not do again, but may wrap recreation truck instead at much lower cost T-Shirts -5219 -8990 (3,771)$ Other Misc. Expenses (15,712) (16,804) (1,092)$ Teton Dam Marathon Recommendations for FY 2016 Projected Gain Raise Rates $5 3,540$ Increase Contributions 1,000$ Possibly on Title Sponsor Rate Only Sell old Shirts @ 5 Each 1,000$ Not Buy Blankets/Flags 2,500$ No Van Wrap 1,400$ consider truck wrap that would last 5 plus years Lower cost of awards 400$ Increase Registrations ?Looking at making the course easier to attract more runners 9,840$ Difference 504$ Raised quality of shirt for marathon, 1/2, relay (price went from $6.90 to $9.70-Very positive feedback from runners on shirts), and added kids race shirts