The Vintage Motor Car Club of America

An update from the Treasurer, Elaine Johnsen

- posted August 14, 2025

Hello to summer and touring season for all!

Financial reports for the January–March 2025 period were recently presented to the Board of Governors’ second-quarter meeting. Three reports are presented for review and discussion:

1. Statement of Actual to Budget Revenue and Expense

Total Net Revenue at the end of the first three months is $21,173, which is $(4,926), or 23.3%, less than anticipated by the budget. Total Expense at the end of the first three months is $33,733, which is $(2,436), or 7.2%, less than expected by the budget. Revenue less Expense at 3-31-2025 is $(12,561) and is $(2,489), or 19.8%, greater than expected by the budget.

2. Statement of Revenue and Expense as of 3-31-2025 and 3-31-2024

Total Net Revenue as of 3-31-2025 is $21,173; when compared to 3-31-2024, it is less by $(10,530), or 33.2%. The major contributing factors were the receipt in 2024 of a one-time significant donation and tour income. Total Expense as of 3-31-2025 is $33,733, which is $(13,744) less than total expense as of 3-31-2024. Revenue less Expense as of 3-31-2025 is $(12,561) with expenses greater than revenue. When compared to 3-31-2024 at $(15,775), the variance is $3,214, or 20.4%.

3. Statement of Financial Position (Balance Sheet) as of 3-31-2025 and 3-31-2024

Total Current Assets are $159,013, which is $(20,133), or 11.2%, less than 3-31-2024. Total Current Liabilities are $63,915, which is $(4,875), or 7.1%, less than 3-31-2024. The Equity is $95,098, which is $(15,258), or 13.8%, less than 3-31-2024.

I appreciate your interest in the financial condition of our organization. Please feel free to let me know if you have any questions.

Happy trails!

Elaine Johnsen
VMCCA Treasurer