Another failure to lead - John Asher editorial

[KRatcliff]

Originally Posted by Quo Pro Joe

How long can a non-profit survive if there are no profits at all?

The "non-profit" status of the NHRA is more of a tax dodge than simply not being profitable. You can see from their published filings that in most cases their revenue is greater than their expenses.

[J.R. Haddad]

Seeing as most of their members are racers, I would say they are doing a good job of not distributing any of the profits to their members.::

[Quo Pro Joe]

Originally Posted by KRatcliff

The "non-profit" status of the NHRA is more of a tax dodge than simply not being profitable. You can see from their published filings that in most cases their revenue is greater than their expenses.

IS greater or WAS greater?

[KRatcliff]

Originally Posted by Quo Pro Joe

IS greater or WAS greater?

I have not seen their latest filing, but I wouldn't be surprised to see that their revenue is still greater than their expenses. A non profit organizational status can have net revenues or "profits" and often do as a long term entity. They are not taxed on those net revenues or profits like C or S corporation for example.