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The Vintage Motor Car Club of America

We love to drive our vintage cars!

An update from the Treasurer, Elaine Johnsen

- posted June 11, 2025

Photo of Elaine Johnson, VMCCA Treasurer

Happy spring, everyone! It feels great to be getting the vintage autos on the road again. I certainly hope you are doing the same. We truly enjoyed meeting and seeing so many of you at the Annual Membership Meeting in Newport News, Virginia. Thank you to James and Becky Woodall for their planning and hospitality in hosting the event. The snowstorm was not part of their plan, but we were certainly in a nice location to just stay inside and take care of the business at hand.

The first quarter Board of Governors meeting was held on the second day, and the year-end financial reports were presented, as well as the 2025 budget.

Summary information from the year-end reports is as follows:

Actual to Budget Revenue and Expense as of December 31, 2024

  • YE 2024 concluded with an increase in Net Revenue compared to budget by $1,442 or 1.2%.
  • YE 2024 Total Expense was less than projected by $(3,773) or 2.8%.
  • YE 2024 ended with a net income (loss) of $(18,472); however, this is less than projected by $6,115 or 33.1%.

Statement of Financial Position as of December 31, 2024

  • Total current assets at year-end are $161,953, which is less than YE 2023 by $(13,207) or -7.5% when compared to year-end 2023.
  • Total current liabilities at year-end are $54,295 and greater by $5,266 or 10.7% when compared to year-end 2023.
  • Total Equity as of 12/31/2024 is $107,658 or $(18,472) or -14.6% compared to 12/31/2023.

Adopted 2025 Budget:

  • Total Net Revenue projection for 2025 is $114,415.
  • Total Expense projection for 2025 is $127,557.
  • Revenue less Expense projection for 2025 is $(13,142).

Budget projections or estimates are made conservatively with the best information we have available at the time they are prepared. It is always my hope the revenues come in greater than projected and expenses within or below the estimates. However, there is no crystal ball! I do believe we have a great lineup of officers, and they work diligently for you with regard to all fiscal matters.

Please feel free to discuss your questions, thoughts, and ideas with any of us.

Now, let’s get out and go for an ice cream in a fun vintage automobile.

Happy trails!

Elaine Johnsen
VMCCA Treasurer