The state of NHRA

[Greg Hill]

Until the management and the board at NHRA quit using the organization as a vehicle to enrich themselves nothing will change. They are similar to a lot of non profits that have been in business for a long time, in that all the profit flows to the management and board in the form of high salaries and benefits. If you look at their tax returns it's easy to see. It's not just Compton whose salary is out of whack but there are a bunch of people making over 200k.

NHRA could be run with less than half the people with a third of the payroll. First thing I would do is move it to Indy. They own that property and it would be easy to put up a modest office building to house the staff. All other expenses need to be looked at including all the contracts that are given to various vendors during the year and benefits to management and board members that are out of line. The bottom line is that there is no incentive to control costs. If you look at past tax returns as revenue goes up so do expenses . They make the numbers fit instead of trying to spend less so they can invest in making the organization stronger. As long as the present structure is in place nothing will change. Do we really need a board of directors with every member making 6 figures for one meeting a month? Why do we need a president and ceo making 750k that knows nothing about racing?

It all comes down to my basic premise and that is the company is run for the benefit of the management and board and not for the good of the organization and it's members.