[fi nancial information]


USA TRIATHLON FINANCIAL SUMMARY STATEMENTS OF FINANCIAL POSITION ASSETS


2010


CURRENT ASSETS Cash and Cash Equivalents Long-Term Investments Accounts Receivable Inventory


Prepaid Expenses Deposits


TOTAL CURRENT ASSETS


FURNITURE AND EQUIPMENT Offi ce Furniture and Equipment Leasehold Improvements


Less Accumulated Depreciation Property and Equipment - net


TOTAL ASSETS


LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts Payable Accrued Liabilities Deferred Revenue


TOTAL CURRENT LIABILITIES


NET ASSETS Unrestricted


Temporarily Restricted TOTAL NET ASSETS


TOTAL LIABILITIES AND NET ASSETS


1,407,140 5,002,201 37,211 8,370


49,6931 0


1,246,046 81,803


-235,721 1,092,128


2009 996,148


5,053,122 65,449 43,904


393,741 8,000


6,951,853 6,560,364


588,274 0


-283,445 304,829


8,043,981 6,865,193 2010 REVENUE BREAKDOWN


509,396 271,052


2,107,034 2,887,482


5,156,499 —


75,036 225,718


2,001,829 2,302,583


4,562,610 —


5,156,499 4,562,610 8,043,981


6,865,193


Membership 64.04%


USOC Grants & Other Income


9.64%


Sponsorships, VIK 9.49%


Entry Fees, Clinics, Sanctioning & Camps


14.14%


SUMMARY STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS REVENUE


2010 Membership USOC Grants & Other Income


7,155,521 1,076,793


Entry Fees, Clinics, Sanctioning & Camps 1,550,331 Advertising, Retail Royalty Sponsorships, VIK TOTAL REVENUE


299,930 1,041,876


EXPENSES Program Services Supporting Services


TOTAL EXPENSES Change in net assets


NET ASSETS (BEGINNING OF YEAR) NET ASSETS END OF YEAR


8,190,783 2,339,779


2009


6,722,798 1,441,829 1,587,130 281,648


1,016,911 11,124,451 11,050,316


6,894,557 2,014,288


10,530,562 8,908,845 593,889


4,562,610 5,156,499


2,141,471 2,421,139 4,562,610


Advertising,


Retail Royalty 2.69%


During the year ending Dec. 31, 2009, the organizati on elected to change its method of recognizing revenue from single-year memberships to recognizing the revenue ratably over the one-year period, wheras the organizati on’s previous policy was to fully recognize one-year memberships upon receipt of payment. We believe this change in accounti ng principle is a preferable method of accounti ng, as it properly matches the membership revenue with the cost of the membership services.


16 USA TRIATHLON


2010 ANNUAL REPORT


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20