The Vintage Motor Car Club of America

Treasurer's Report

- posted May 21, 2026

Happy springtime everyone, are your cars ready to go touring? We are looking forward to seeing you at one or more of the tours already on the books. It looks like it will be a great year for seeing the places we may never see otherwise.

The VMCCA Annual Membership Meeting and First Quarter Board of Governors Meeting is now history. Thank you to everyone who came to Lincoln, Nebraska, for the event. I am sharing the highlights of the 2025 year-end reports and the 2026 budget in this column.

The three reports highlighted are important for seeing the revenue and expense data compared to budget, then compared to the prior year, and finally the balance sheet to show the financial position of VMCCA at the end of the fiscal and calendar year. You will see we still have work to do to get this organization to a budget-neutral situation. Our President, Mark Hamlin, has issued a challenge for each and every one to bring in at least one new member this year. I believe we can do it, and the financial report will see the positive results.

1. Actual to Budget Revenue and Expense Jan–Dec 2025
YE 2025 concluded with a decrease in Net Revenue compared to budget by $(7,793), or 7.3%.

YE 2025 Total Expense was less than projected by $(8,838), or 7.4%.

YE 2025 ended with a net income (loss) of $(12,097) and is less than projected by $1,045, or 8.6%.

2. Statement of Revenue and Expense as of Dec. 31, 2025 and Dec. 31, 2024
YE 2025 concluded with a decrease in Net Revenue of $(11,016), or 9.4%, compared to YE 2024.

YE 2025 Total Expense decreased by $(17,446), or 12.8%, from YE 2024.

YE 2025 ended with a net income (loss) of $(12,097) and overall, less than YE 2024 by $6,375, or 34.5%.

3. Statement of Financial Position as of December 31, 2025, and December 31, 2024
This is our balance sheet, showing current and prior year comparative assets, liabilities, and equity. The overall cash position shows a decrease until the tour income receivable becomes cash. Liabilities are consistent with the prior year. Deferred Revenue reflects the membership dues collected in 2025 for 2026 dues. The total will be amortized monthly revenue during 2026.

2026 Approved Budget:
Overall, the 2026 budget projects a net revenue (loss) of $(14,877), which is greater than the 2025 actual net revenue (loss) of $(12,097) by $2,780. When compared to the 2025 budget, the current projection is greater by $1,735. Estimated total revenue for 2026 has a slight overall increase of $3,753 compared to actual revenue in 2025. Estimated total expense for 2026 is expected to be more than the actual expenditure in 2025 by $6,533. With the transition to our new secretary, the overlapping costs incurred in 2026 are estimated to be around $5,000.

Please feel free to contact me if you have questions or comments with regard to the financial and budget information.

Thank you for taking time to be informed.

Happy Trails,

Elaine Johnsen
VMCCA Treasurer