Operating Statement for the year ended December 31, 2013

                                                                                                                

IMAC REVENUES

Membership Dues                    $   17,868.73

IMAC Regions                                  9,865.86

Red Book Sales                                  200.00

AMA NATS                                       2,107.50

World Championship Fund            1,148.00

Web Advertising                              3,310.00

National Judging School                  1,510.00

Miscellaneous                                      33.00

TOTAL 2013 INCOME                                                  $  36,043.09

 IMAC EXPENSES

Awards                                     $         143.00

Bank Fees                                             70.00

Exchange Rate                                      53.78

GoToMeeting Account                       295.08

IWC Qualifier Exp                               482.50

Judging Schools                                  960.00

Judging Manuals (Red Books)         1,290.33

National Judging School                  7,751.93

NATS                                                 5,806.62

Miscellaneous                                       71.73

Office Expense                                      27.36

Printing/Postage                                 133.60

Regional Expenses                           4,778.26

Shipping                                              123.96

Software                                              103.57

Trade Shows                                     1,898.54

Website                                            3,164.78

 

TOTAL 2013 EXPENSES                                                $  27,155.04

2013 SURPLUS/(DEFICIT)                                           $     8,888.05

 ADD: 2012 RET. EARNINGS                                       $   25,401.56

12/31/2013 END. BALANCE                                      $   34,289.61