Youth Sports Nonprofit Business Plan
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- Megan Kelly
- 8 years ago
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1 Youth Sports Nonprofit Business Plan YouthSports Executive Summary Twenty-five percent of Richmond Metro youth participated in organized sports last year, compared with 85 to 90 percent in the suburbs, according to a recent State University report entitled Richmond's Youth Sport Need Assessment. Currently, there are 40,000 children in the Richmond Metro area between the ages of 6 to 14. In contrast to the metro area, the suburbs have a full array of youth sports with strong financial support. This late start for urban children, especially urban girls, in organized sports robs them of the opportunity for physical activity, coaching, being part of a team, learning skills, and substantial time away from "negative recreation" (drugs, violence or sexual activities). Clinical studies also show that sports and recreation programs can help youth establish lifelong, healthy, physical activity patterns. Regular physical activity can ward off life-threatening diseases; reduce feelings of depression and anxiety; help control weight and obesity; and build and maintain healthy bones, muscles, and joints, according to the President's Council on Physical Fitness. The children in the city's core must have the opportunity for a successful start in education and sport regardless of age, race, gender, family composition, income or community. In response to this significant disparity, YouthSports will be created to provide the sports program necessary for Richmond children to have equal opportunity for organized sports. Thanks to a three-year matching grant from The John Ford Stevenson Foundation (JFSF), YouthSports and several corporate partners plan to utilize organized sports and physical activity programs to promote healthy development in youth. The JFSF, based in San Francisco, CA, is the nation's largest philanthropy devoted exclusively to health and health care. It concentrates its grantmaking in three goal areas: to assure that all Americans have access to basic health care at reasonable cost; to improve care and support for people with chronic health conditions; and to reduce the personal, social and economic harm caused by substance abuse; tobacco, alcohol, and illicit drugs. Schools and health care centers will host sport registration. The JFSF renewable matching grant is based on the concept that local funding sources have the clearest understanding of their communities' needs. With matching contributions from local partners, the project will receive substantial funding. Collaborating partners include: BlueCross/BlueShield. Mayor Linda Hargrove and the City of Richmond. Parks & Recreation Department. Richmond Unified School District. Templex Corporation. A.I. Kaufman and Sons. PriceRight Supermarkets. Avion Computers.
2 The Richmond Mall. Richmond Bank. Rider Corporation. With this base of support, YouthSports will raise additional money from program sponsors and fundraising campaigns. 1.1 Objectives To increase participation in youth sports and recreation programs in the Richmond Metro area. To increase youth access to health care and healthy development. 1.2 Mission The mission of YouthSports is to create a youth sport program in the Richmond Metro area increasing both sport participation rates and healthy development of the area's youth. 1.3 Keys to Success Utilizing the school system to promote the sports program and recruiting team coaches. Minimize field maintenance and facility costs with the school and city park systems. Maintaining the City Council's support to provide scholarship funds for needy youth who want to participate in sports. Recruiting more corporate support for the sports program. Maintaining a high approval rate with the area's parents and youth. Organization Summary YouthSports will be a private, non-profit, youth sports program serving children, ages 6-14, in the Richmond Metro area. The focus of the program is to promote youth sport participation, promote healthy development in youth, and increase youth access to health care. YouthSports has rented office space near the city cent park system. Outdoor sports will be played on public school and park property. Indoor sports will be played in public school gyms.
3 2.1 Start-up Summary Start-up costs and initial financing are shown on the following tables and chart. Start-up Funding Start-up Expenses to Fund $342,000 Start-up Assets to Fund $518,000 Total Funding Required $860,000 Assets Non-cash Assets from Start-up $250,000 Cash Requirements from Start-up $268,000 Additional Cash Raised $0 Cash Balance on Starting Date $268,000 Total Assets $518,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $0 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0
4 Total Liabilities $0 Capital Planned Investment JFSF $430,000 Blue Shield/Blue Cross $100,000 Templex Corporation $25,000 A.I. Kaufman and Sons $25,000 PriceRight Supermarkets $80,000 Avion Computers $50,000 The Richmond Mail $50,000 Richmond Bank $50,000 Rider Corporation $50,000 Other $0 Additional Investment Requirement $0 Total Planned Investment $860,000 Loss at Start-up (Start-up Expenses) ($342,000) Total Capital $518,000 Total Capital and Liabilities $518,000 Total Funding $860,000 Start-up Requirements Start-up Expenses Legal $5,000 Stationery etc. $5,000 Brochures $20,000 Promotion $100,000 Insurance $10,000 Rent $2,000
5 Research and Development $0 Sport Equipment $100,000 Office Equipment/Software $100,000 Other $0 Total Start-up Expenses $342,000 Start-up Assets Cash Required $268,000 Other Current Assets $50,000 Long-term Assets $200,000 Total Assets $518,000 Total Requirements $860,000 Services YouthSports will offer the following sports during the year: Flag Football, August-November. 1st/2nd Grade Basketball, October-December. 3rd-8th Grade Basketball, December-March. Spring Soccer, March-May. T-Ball/Softball/Baseball, May-July. Market Analysis Summary There are 40,000 children in the Richmond Metro area between six to 14 years of age. The age group percentages break down as follows: 50% - Ages % - Ages % - Ages Currently, only 10% of 6-11 year olds in the Richmond Metro area participate in organized sports. More importantly, only 5% of girls in that age group are involved in sports. The current age break down provides YouthSports with an excellent opportunity to impact half of our target group at the youngest ages. This will have a tremendous impact on the success of the program over the next five years. It is also important to note that there are over 25,000 children in the Richmond Metro area between the ages of two to five. These children will be entering the YouthSports program within the next three years. 4.1 Market Segmentation
6 The 2-5 and 6-8 age groups represent over 70% of the children that YouthSports will serve over the next three years. It is critical that the program is prepared to manage the influx of these young children. Market Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Potential Customers Growth CAGR Children 2-5 years old 8% 25,000 27,000 29,160 31,493 34, % Children 6-8 years old 10% 20,000 22,000 24,200 26,620 29, % Children 9-11 years old 10% 6,000 6,600 7,260 7,986 8, % Children years old 8% 14,000 15,120 16,330 17,636 19, % Total 8.81% 65,000 70,720 76,950 83,735 91, % Strategy and Implementation Summary It is critical that YouthSports takes a proactive strategy in promoting its program in the community as well as creating a strong fund-raising program. To accomplish these goals, YouthSports will have two groups overseeing the program's growth and development. The first will be a 12-member Program Services Group comprising of community members. This group will provide oversight of the program's service delivery to the community and will also be responsible for building community support for YouthSports. The second group will be a 10- member Finance Group that will have Richmond business representation. The Finance Group will have oversight over the program's fiscal operation and fund-raising activities.
7 The next step will be to recruit the volunteer coaches and facility supervisors for each season and use this group to promote the program at local schools. Coaches and facility supervisors will be recruited by using the community churches and civic organizations. In addition, the Richmond Police Department is initiating a new program to recruit volunteer youth coaches from their own ranks. YouthSports is also working with the Community Service Program of State University to recruit college students as coaches. They will receive three university credits hours for their participation with YouthSports. Mobilizing a coaching/supervision base will provide YouthSports the people power necessary to get its message to the entire community. Sign-up for the program will be simplified by providing participation forms at each school and at the larger community markets. At each location, there will be a collection kiosk where the forms can be dropped off. 5.1 Competitive Edge YouthSports' competitive edge is twofold. One is the support of the community's public resources to build a successful sports program that will have a positive impact on the attitude and health of the area's children. The school district has committed to strongly pushing the sports program. Each of the area's elementary and middle schools will choose a school team name. The name will then be used by the school teams. Sport participation will be promoted in the classroom and volunteer coaches will be allowed to visit classrooms and speak to the children. The city park system has been pivotal in obtaining sports equipment for the program at a discounted rate, saving the program a large expense. The program's second advantage is the support of businesses to have a real impact on the metro youth. The revitalization of the Richmond's urban center can only be built upon the improved quality of life of metro residents. The current demographics, with the majority of metro children under the age of six, provides a unique opportunity to have a dynamic impact on the area's youth. Richmond businesses are lining up to become sport sponsors and school team sponsors. 5.2 Fundraising Strategy YouthSports will be directing its fund-raising program at two groups. One will be the metro area parents, the other will be Richmond's businesses. Being successful with both groups is key to the program's future. Metro Area Parents: The program's expectations is that sign-up fees will pay for only 30% of operating cost but the fee is crucial for several reasons. First, without a sense of ownership in the program the community will not support the program over time. Second, a monetary commitment to the program creates an expectation of services that will push the program to become more responsive to the community needs. The third reason, and the most important, is that the fee is an organizing tool to recruit volunteers who will commit to work a number of hours for the program as part of a child scholarship agreement. Richmond Businesses: Local businesses can become sponsors of YouthSports sport seasons (like PriceRight can sponsor the Flag Football Season), school teams, or sport tournaments. With the
8 sponsorship will come the opportunity to have the company name on field/facility banners, team uniforms, and YouthSports mass mailings. YouthSports will also have four high-profile fundraisers each year Funding Forecast The following is the funding forecast for three years. Funding Forecast Year 1 Year 2 Year 3 Funding
9 Sign-Up Fees $960,000 $1,100,000 $1,220,000 Business Sponsorships $560,000 $660,000 $760,000 Fundraising $120,000 $120,000 $120,000 Other $0 $0 $0 Total Funding $1,640,000 $1,880,000 $2,100,000 Direct Cost of Funding Year 1 Year 2 Year 3 Sign-Up Fees $0 $0 $0 Business Sponsorships $12,000 $15,000 $18,000 Fundraising $12,000 $12,000 $12,000 Other $0 $0 $0 Subtotal Cost of Funding $24,000 $27,000 $30,000 Management Summary YouthSports will establish a team to manage the day to day operation of the program. 6.1 Personnel Plan The program team will have the following positions: Director. Assistant Director. Volunteer Coordinator. Sponsorship/Fundraising Developer. Facility Coordinator. Coordinator of Game Officials. Area Supervisors (3). Office Manager. Clerical Staff (2). Personnel Plan Year 1 Year 2 Year 3 Director $36,000 $39,000 $42,000 Assistant Director $31,200 $34,000 $37,000 Volunteer Coordinator $30,000 $33,000 $36,000 Sponsorship/Fundraising Developer $33,600 $37,000 $40,000 Facility Coordinator $30,000 $33,000 $36,000
10 Coordinator of Game Officials $28,800 $31,000 $34,000 Area Supervisors (3) $72,000 $80,000 $90,000 Office Manager $30,000 $33,000 $36,000 Clerical Staff (2) $38,400 $41,000 $44,000 Total People Total Payroll $330,000 $361,000 $395,000 Financial Plan The following is the Financial Plan for YouthSports for three years. 7.1 Break-even Analysis The following table and chart show the Break-even Analysis for YouthSports. Break-even Analysis Monthly Revenue Break-even $140,548 Assumptions: Average Percent Variable Cost 1% Estimated Monthly Fixed Cost $138, Projected Surplus or Deficit The following is the Surplus or Deficit of the program's operation for three years.
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12 Surplus and Deficit Year 1 Year 2 Year 3 Funding $1,640,000 $1,880,000 $2,100,000 Direct Cost $24,000 $27,000 $30,000 Other Production Expenses $0 $0 $0 Total Direct Cost $24,000 $27,000 $30,000 Gross Surplus $1,616,000 $1,853,000 $2,070,000 Gross Surplus % 98.54% 98.56% 98.57%
13 Expenses Payroll $330,000 $361,000 $395,000 Sales and Marketing and Other Expenses $1,196,000 $1,290,000 $1,445,000 Depreciation $0 $0 $0 Leased Equipment $0 $0 $0 Utilities $2,400 $2,400 $2,400 Insurance $60,000 $60,000 $60,000 Rent $24,000 $24,000 $24,000 Payroll Taxes $49,500 $54,150 $59,250 Other $0 $0 $0 Total Operating Expenses $1,661,900 $1,791,550 $1,985,650 Surplus Before Interest and Taxes ($45,900) $61,450 $84,350 EBITDA ($45,900) $61,450 $84,350 Interest Expense $0 $0 $0 Taxes Incurred $0 $0 $0 Net Surplus ($45,900) $61,450 $84,350 Net Surplus/Funding -2.80% 3.27% 4.02% 7.3 Projected Cash Flow The following is the Projected Cash Flow of the program's operation for three years.
14 Pro Forma Cash Flow Year 1 Year 2 Year 3 Cash Received Cash from Operations Cash Funding $1,640,000 $1,880,000 $2,100,000 Subtotal Cash from Operations $1,640,000 $1,880,000 $2,100,000 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $0 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $1,640,000 $1,880,000 $2,100,000 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $330,000 $361,000 $395,000 Bill Payments $1,243,453 $1,450,199 $1,607,245 Subtotal Spent on Operations $1,573,453 $1,811,199 $2,002,245 Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 Principal Repayment of Current Borrowing $0 $0 $0 Other Liabilities Principal Repayment $0 $0 $0 Long-term Liabilities Principal Repayment $0 $0 $0 Purchase Other Current Assets $0 $0 $0 Purchase Long-term Assets $0 $0 $0 Dividends $0 $0 $0 Subtotal Cash Spent $1,573,453 $1,811,199 $2,002,245
15 Net Cash Flow $66,548 $68,801 $97,755 Cash Balance $334,547 $403,349 $501, Projected Balance Sheet The following is the Projected Balance Sheet of the program's operation for three years. Pro Forma Balance Sheet Year 1 Year 2 Year 3 Assets Current Assets Cash $334,547 $403,349 $501,104 Other Current Assets $50,000 $50,000 $50,000 Total Current Assets $384,547 $453,349 $551,104 Long-term Assets Long-term Assets $200,000 $200,000 $200,000 Accumulated Depreciation $0 $0 $0 Total Long-term Assets $200,000 $200,000 $200,000 Total Assets $584,547 $653,349 $751,104 Liabilities and Capital Year 1 Year 2 Year 3 Current Liabilities Accounts Payable $112,448 $119,799 $133,204 Current Borrowing $0 $0 $0 Other Current Liabilities $0 $0 $0 Subtotal Current Liabilities $112,448 $119,799 $133,204 Long-term Liabilities $0 $0 $0 Total Liabilities $112,448 $119,799 $133,204 Paid-in Capital $860,000 $860,000 $860,000 Accumulated Surplus/Deficit ($342,000) ($387,900) ($326,450) Surplus/Deficit ($45,900) $61,450 $84,350 Total Capital $472,100 $533,550 $617,900
16 Total Liabilities and Capital $584,548 $653,349 $751,104 Net Worth $472,100 $533,550 $617, Standard Ratios Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7999, Amusement and Recreation, are shown for comparison. Ratio Analysis Year 1 Year 2 Year 3 Industry Profile Funding Growth 0.00% 14.63% 11.70% 4.07% Percent of Total Assets Other Current Assets 8.55% 7.65% 6.66% 33.94% Total Current Assets 65.79% 69.39% 73.37% 42.54% Long-term Assets 34.21% 30.61% 26.63% 57.46% Total Assets % % % % Current Liabilities 19.24% 18.34% 17.73% 24.50% Long-term Liabilities 0.00% 0.00% 0.00% 23.36% Total Liabilities 19.24% 18.34% 17.73% 47.86% Net Worth 80.76% 81.66% 82.27% 52.14% Percent of Funding Funding % % % % Gross Surplus 98.54% 98.56% 98.57% % Selling, General & Administrative Expenses % 95.30% 94.55% 68.43% Advertising Expenses 2.20% 2.13% 2.14% 3.66% Surplus Before Interest and Taxes -2.80% 3.27% 4.02% 2.96% Main Ratios Current Quick Total Debt to Total Assets 19.24% 18.34% 17.73% 56.09%
17 Pre-tax Return on Net Worth -9.72% 11.52% 13.65% 4.33% Pre-tax Return on Assets -7.85% 9.41% 11.23% 9.87% Additional Ratios Year 1 Year 2 Year 3 Net Surplus Margin -2.80% 3.27% 4.02% n.a Return on Equity -9.72% 11.52% 13.65% n.a Activity Ratios Accounts Payable Turnover n.a Payment Days n.a Total Asset Turnover n.a Debt Ratios Debt to Net Worth n.a Current Liab. to Liab n.a Liquidity Ratios Net Working Capital $272,100 $333,550 $417,900 n.a Interest Coverage n.a Additional Ratios Assets to Funding n.a Current Debt/Total Assets 19% 18% 18% n.a Acid Test n.a Funding/Net Worth n.a Dividend Payout n.a Appendix Funding Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Funding Sign-Up Fees 0% $50,000 $50,000 $120,000 $120,000 $120,000 $120,000 $60,000 $70,000 $70,000 $60,000 $60,000 $60,000 Business Sponsorships 0% $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $30,000 $30,000 Fundraising 0% $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
18 Direct Cost of Funding Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Sign-Up Fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Business Sponsorships $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Fundraising $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cost of Funding $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 Personnel Plan Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Director 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 Assistant Director 0% $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 Volunteer Coordinator 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 Sponsorship/Fundraising Developer 0% $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 Facility Coordinator 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 Coordinator of Game Officials 0% $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 Area Supervisors (3) 0% $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 Office Manager 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 Clerical Staff (2) 0% $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 Total People Total Payroll $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 General Assumptions Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Plan Month Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Tax Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Other Surplus and Deficit Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000 Direct Cost $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 Total Direct Cost $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 Gross Surplus $108,000 $108,000 $178,000 $178,000 $178,000 $178,000 $118,000 $128,000 $128,000 $118,000 $98,000 $98,000 Gross Surplus % 98.18% 98.18% 98.89% 98.89% 98.89% 98.89% 98.33% 98.46% 98.46% 98.33% 98.00% 98.00% Expenses Payroll $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 Sales and Marketing and Other Expenses $3,000 $73,000 $103,000 $103,000 $123,000 $123,000 $133,000 $133,000 $123,000 $73,000 $103,000 $103,000 Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Utilities $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 Insurance $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 Rent $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 Payroll Taxes 15% $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operating Expenses $41,825 $111,825 $141,825 $141,825 $161,825 $161,825 $171,825 $171,825 $161,825 $111,825 $141,825 $141,825 Surplus Before Interest and Taxes $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825) EBITDA $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825) Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Surplus $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825) Net Surplus/Funding 60.16% -3.48% 20.10% 20.10% 8.99% 8.99% % % % 5.15% % % Pro Forma Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Cash Received Cash from Operations Cash Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000 Subtotal Cash from Operations $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000 Additional Cash Received Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
20 New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Received $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000 Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Expenditures from Operations Cash Spending $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 Bill Payments $544 $18,658 $87,325 $116,325 $116,992 $136,325 $136,658 $146,325 $145,992 $134,658 $87,325 $116,325 Subtotal Spent on Operations $28,044 $46,158 $114,825 $143,825 $144,492 $163,825 $164,158 $173,825 $173,492 $162,158 $114,825 $143,825 Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Spent $28,044 $46,158 $114,825 $143,825 $144,492 $163,825 $164,158 $173,825 $173,492 $162,158 $114,825 $143,825 Net Cash Flow $81,956 $63,842 $65,175 $36,175 $35,508 $16,175 ($44,158) ($43,825) ($43,492) ($42,158) ($14,825) ($43,825) Cash Balance $349,956 $413,798 $478,973 $515,148 $550,656 $566,831 $522,672 $478,847 $435,356 $393,197 $378,372 $334,547 Pro Forma Balance Sheet Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Assets Starting Balances Current Assets Cash $268,000 $349,956 $413,798 $478,973 $515,148 $550,656 $566,831 $522,672 $478,847 $435,356 $393,197 $378,372 $334,547 Other Current Assets $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Total Current Assets $318,000 $399,956 $463,798 $528,973 $565,148 $600,656 $616,831 $572,672 $528,847 $485,356 $443,197 $428,372 $384,547 Long-term Assets Long-term Assets $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Long-term Assets $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 Total Assets $518,000 $599,956 $663,798 $728,973 $765,148 $800,656 $816,831 $772,672 $728,847 $685,356 $643,197 $628,372 $584,547 Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Current Liabilities Accounts Payable $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448 Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
21 Subtotal Current Liabilities $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448 Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Liabilities $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448 Paid-in Capital $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 Accumulated Surplus/Deficit ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) Surplus/Deficit $0 $66,175 $62,350 $98,525 $134,700 $150,875 $167,050 $113,225 $69,400 $35,575 $41,750 ($2,075) ($45,900) Total Capital $518,000 $584,175 $580,350 $616,525 $652,700 $668,875 $685,050 $631,225 $587,400 $553,575 $559,750 $515,925 $472,100 Total Liabilities and Capital $518,000 $599,956 $663,798 $728,973 $765,148 $800,656 $816,831 $772,673 $728,848 $685,356 $643,198 $628,373 $584,548 Net Worth $518,000 $584,175 $580,350 $616,525 $652,700 $668,875 $685,050 $631,225 $587,400 $553,575 $559,750 $515,925 $472,100
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