Rivers Jumpers Co-op, Inc.

3.25‐year Pro‐Forma Financial Projection
(October 2018 ‐ December 2018)
(January 2019 through December 2021)
(in $000)
REVENUE
2018 2019 2020 2021
Membership Dues 180,000 240,000 300,000 360,000
Annual Access Pass 240,000 480,000 720,000 965,000
Non-Access Pass Revenue (Members) 30,000 990,000 891,000 660,000
Non-Access Pass Revenue (Non-Members) 13,500 251,300 357,330 455,800
TOTAL SALES 463,500 1,961,300 2,268,330 2,440,800
COST OF SALES
Direct Labor 144,844 612,906 708,853 762,750
Direct Materials 91,773 353,034 408,299 439,344
TOTAL COST OF SALES 236,617 965,940 1,117,153 1,202,094
Gross Margin 48.95% 50.75% 50.75% 50.75%
OPERATING EXPENSES
General & Administrative
Accounting 13,905 58,839 68,050 73,224
Advertising (1.34%) 6,211 26,281 30,396 32,707
Depreciation (1.01%) 4,681 19,809 22,910 24,652
Employee Benefits (2.6%) 12,051 50,994 58,977 63,461
Insurance (General Liability) (3.0%) 13,905 58,839 68,050 73,224
Interest (.9%) 4,172 17,652 20,415 21,967
IT Solutions (2.0%) 9,270 39,226 45,367 48,816
Repairs & Maintenance (1.01%) 4,681 19,809 22,910 24,652
Patronage Dividends (6%) - 117,678 136,100 146,448
Payroll Taxes (9%) 41,715 176,517 204,150 219,672
Rent - 75,000 150,000 225,000
Salaries & Wages (11.0%) 50,985 215,743 249,516 268,488
Supplies (2.0%) 9,270 39,226 45,367 48,816
Training (1.2%) 5,562 23,536 27,220 29,290
Travel (0.4%) 1,854 7,845 9,073 9,763
Utilities (2.4%) 11,124 47,071 54,440 58,579
Total General & Administrative 189,386 994,065 1,212,939 1,368,759
Other Revenue
Vendor Rental 45,000 45,000 45,000
Advertising 50,000 75,000 147,000
Net Income Before Taxes 37,497 96,295 58,238 61,947
Taxes (40%) 14,999 38,518 23,295 24,779
Net Income After Taxes 22,498 57,777 34,943 37,168
NET INCOME 22,498 57,777 34,943 37,168