The Vintage Motor Car Club of America

Treasurer's Report

- posted November 26, 2025

Welcome to November and the season of holidays with gatherings of our good friends who share our love of vintage automobiles. The year seems to be in fast forward!

The VMCCA Board of Governors has held three of its four quarterly meetings, and the elected officers have spent many hours working toward channeling our discussions for the future success of the VMCCA. As a result, hard questions were asked, the financials were examined closely, and at the third quarter meeting necessary decisions were made.

You should know that the difficult decision to increase dues was one of the motions that passed, effective for 2026 membership dues beginning in September 2025. If you have been following my reports, you know that the need to constantly use our savings for ongoing expenses is not sustainable. Stay tuned and stay in touch with your thoughts and questions to the officers and board members.

The following are the summarized notes of the three reports presented at the Third Quarter meeting.

Notes concerning Actual to Budget Revenue and Expense as of June 30, 2025. Total Net Revenue at the end of the second quarter 2025 is $38,202 which is $(8,863) or 23.2% less than anticipated by the budget. Membership dues are $(7,624) less than expected by the budget at 6-30-2025. Total Expense at the end of the first six months is $60,561, which is less than expected by the budget in the amount of $(3,128) or 5.2%. Revenue less Expense at 6-30-2025 is $(22,359) and is $(5,734) or 25.6% greater than expected by the budget. The main variance is with regard to membership dues and advertising income.

Notes concerning Statement of Revenue and Expense as of June 30, 2025, and June 30, 2024. Total Net Revenue as of 6-30-2025 is $38,202, when compared to 6-30-2024 it is less in the amount of $(18,546) or 32.7%. The major contributing factors were the receipt in 2024 of a one-time significant donation and tour income. Total Expense as of 6-30-2025 is $60,561 which is $(13,573) or 18.3% less than total expense as of 6-30-2024. This savings is primarily due to the overlap of The Bulb Horn Magazine editors in 2024. Revenue less Expense as of 6-30-2025 is $(22,359) with expenses greater than revenue. When compared to 6-30-2024 at $(17,385) the variance is greater by $(4,974) or 28.6%. There is less revenue at 6-30-25 to fund expenses compared to 6-30-2024.

The Statement of Financial Position is our balance sheet as of 6-30-2025 and 6-30-2024. The total Current Assets are $131,974, which is $(21,370) or 13.9% less than 6-30-2024. Total Current Liabilities are $46,674 which is $2,076 or 4.7% greater than 6-30-2024. The Equity is $85,300 and is $(23,446) or 21.6% less than 6-30-2024. This is a point in time or interim report, and it does demonstrate our need to continually spend our limited reserves with a negative impact on cash.

We are invested in the future of this organization and the people who belong to it. Our decisions reflect that genuine desire to be a successful organization for many more years. Thank you for your support.

Happy Holidays,

Elaine Johnsen
VMCCA Treasurer