BCA Not Flush with Cash

unknownpro said:
Does that mean they have millions in the bank?

They ended 2006-2007 with just over $3,000,000 in assets, so even with the $800,000 loss they are still in good shape. I'm guessing that once they get the trade show back to Vegas, attendance will be up, which means booth sales will be up.

I'm just as bummed as everyone else is about the 9 ball tournament getting canceled, but considering how bad the economy and the billiards industry is, I can't say I'm surprised. You can hardly blame them for dumping an annual six figure sinkhole. If they have a couple more years like this one, the BCA will be running on empty.
 
poolsnark said:
They ended 2006-2007 with just over $3,000,000 in assets, so even with the $800,000 loss they are still in good shape. I'm guessing that once they get the trade show back to Vegas, attendance will be up, which means booth sales will be up.

I'm just as bummed as everyone else is about the 9 ball tournament getting canceled, but considering how bad the economy and the billiards industry is, I can't say I'm surprised. You can hardly blame them for dumping an annual six figure sinkhole. If they have a couple more years like this one, the BCA will be running on empty.

trust me on this, $3,000,000 sounds like alot but it can go fast real fast. and from my understanding with little or no income you have to protect what you have, the real question is what happens when all the $$$ is gone???? Seroius question.

Mike Janice, seriuusly what happens if they go flat? Are they history? I'm not being a smart-ass I'm trying to understand this, PM me if you perfer, thanks ahead of time.
 
Fatboy said:
Mike Janice, seriuusly what happens if they go flat? Are they history? I'm not being a smart-ass I'm trying to understand this, PM me if you perfer, thanks ahead of time.


Fatboy, as you know, I started the BRRMA and the ATS in anticipation of this happening with the BCA. With that said, I do not have an objective to crush the BCA but simply to dill in the void in what I feel the BCA left left unattended.

As to your question. Personally, after reviewing all the BCA's financial's over the past year I do not believe they are in jeopardy of going under anytime soon.

From the outside looking in, it seems that they are just erring on the side of caution.

Mj
 
Jerry Forsyth said:
For those of you who have wondered why the BCA does not take a more active role in pro pool, this is from an interview done with Billiard's Digest on their "Headstring News" section:

BROOMFIELD, Colo. - Forecasting an $800,000 operating loss this year on
its balance sheet after a disappointing Expo in June, the Billiard
Congress of America is planning to tighten its belt several notches in
its next fiscal year and cut support for some high-profile events and
organizations.

Among the casualties will be the BCA's annual professional 9-ball
tournament, produced this year as the GenerationPool.com 9-Ball
Championships. The BCA also has elected not to stage an induction
ceremony for new members of the BCA Hall of Fame elected in 2009.

Those high-profile annual events were just two of the programs slashed
from the 2008-2009 budget when the BCA Board of Directors met in Lake
Forest, Ill., in early August. With the billiard industry still mired in
a horrendous economic slump and the BCA coming off its smallest trade
show in 15 years, the board of directors voted to eliminate events and
affiliated association support for at least one year.

"The board voted to suspend funding to all sources and organizations
until we can better analyze the extent of this economic downturn," said
BCA President Sean Cummings of Brunswick Billiards in an embargoed
interview last week. "We can't continue deficit spending, and we
determined that the best way to handle budget cuts was with a uniform
approach."

Cummings left open the possibility that an outside organization could
take the reins of the 9-ball event or Hall of Fame ceremony. "The
question is at what level of quality they would be staged," he said. "If
somebody wants to do it right, we would certainly entertain it."

The BCA, which derives virtually all of its revenue from its annual
International Billiard & Home Recreation Expo and through membership
dues, is projecting an $800,000 net operating loss for its 2007-08
fiscal year, which ends on Sept. 30. The association's annual pro 9-ball
tournament, which the BCA produces for telecast on ESPN, loses more than
$100,000 per year, while the annual Hall of Fame ceremonies typically
run at a $50,000 deficit.

While the final numbers from the 2008 Expo had not been tallied as of
last week, Cummings said that the Charlotte, N.C.-based show would make
at least a $60,000 profit or slightly more. For perspective, the 2006
BCA Expo in Houston generated a $1.1 million profit for the association.

The disappointing result and changed expectations prompted the BCA board
to budget very conservatively for 2008-2009.

"We had to make tough choices," Cummings said. "We cut discretionary
spending, spending on the home office, contracted services ..."

The BCA contracts its member services, accounting, technology,
association management and some public relations/marketing with Meeting
Expectations in Atlanta. The association manages the expo, marketing and
some graphic design through its office in Broomfield, Colo. Cuts in
those areas are likely to be confined to employee time allocation.

In addition to the GenerationPool.com 9-Ball Championships and the Hall
of Fame inductions, the BCA will suspend its financial support of
pool-related organizations such as the National Wheelchair Poolplayers
Association and Association of College Unions-International (ACU-I).
According to Cummings, the BCA will continue as the North American
member confederation to the World Pool-Billiard Association (WPA), but
will not supply funds for American players to travel to WPA events.

According to Johnson, the budget cuts will save the BCA approximately
$300,000 in the coming budget year. Johnson insisted that education and
research will continue to be funded.

In further efforts to reel in spending, the BCA will reduce its
commitment at the Sands Expo Center in Las Vegas to a single hall for
the 2009 Expo next June. The move will reduce convention center costs to
just over $100,000, while maintaining space for about 1,000 booths.

"We have a singular objective," said Cummings. "And that is to make the
trade show a success."

Even taking into account the proposed budget cuts, the BCA is
tentatively forecasting a $200,000 loss for the 2008-2009 budget year.

Still, Cummings stressed that the association is financially sound,
despite the board's recent decisions.

Too me this is "realistic" news of whats been going on @ the BCA for too long. :thumbup: Too many decisions...too not support the sport by creating a sport..that buys your products has NEVER made sense.
Personal agendas and not looking towards the future are OBVIOUS errors that have finally come to fruition, I was wondering why Rob Johnson didn't even reply to my personal E mail in the past few weeks, he always did in the past. Maybe allot of good will come out of their errors and the BCA will look at watering the field it harvests from and plan for the future, I know farmers do.
 
TXsouthpaw said:
they shouldve left the bca open alone.

Or they could of better have used that money to form a semi pro tour with ranking points to evlove the game into a sport. They are like a ship in the pool world with no direction, looks like the money is telling them they have lost their way. What they need is a good tiller a rock solid keel, and a ship that doesn't leak on the agenda side, the port side or the starboard side.
 
MikeJanis said:
Fatboy, as you know, I started the BRRMA and the ATS in anticipation of this happening with the BCA. With that said, I do not have an objective to crush the BCA but simply to dill in the void in what I feel the BCA left left unattended.

As to your question. Personally, after reviewing all the BCA's financial's over the past year I do not believe they are in jeopardy of going under anytime soon.

From the outside looking in, it seems that they are just erring on the side of caution.

Mj


thanks Mike, to be clear i'm not picking sides here, i was just curious. best regards eric
 
Fatboy said:
this economy is brutal, just brutal, recession my ass its a depression-or shortly will be one.


I have a 3500 sqft conference room, I'll donate to them for the awards thing. Its 8 mins from the Vegas airport if they want a hall of fame banbquet, Mark grifen has seen it, the construction will be complete nov 08' It holds 250 people comfortably, So if they want a awards cermony they have a free roof-no excuses, no bullshit on my end, the furnature rental and costs migh be $5,000-$10,000 wit food and everything. I will not make a penny on it and do everythig t bone cost with open book accounting, its a standing offer, Jerry, knows how to find me and we can salvage that. At least the most important peiople in our sport will get recognition and not just a post on line somewhere.


I'm thinkin that maybe the reason the BCA has money problems is that they haven't done much for pool.. in the public's eye. No tournaments. No pro's giveing workshops. No connection with pool.. the people who play pool.

I have very little knowledge of the "scene" but this is my impression from out here in the corn fields. It seems like the BCA is all about business and not much into pool.
 
For the last 10-15 years the BCA has become a Trade Association that puts on a Trade Show every year, and that's about it. They did have a very active league program until they sold that "profitable" venture off to Mark Griffin.
This is a case of selling the wheat and keeping the chaff. :confused:
 
jay helfert said:
For the last 10-15 years the BCA has become a Trade Association that puts on a Trade Show every year, and that's about it. They did have a very active league program until they sold that "profitable" venture off to Mark Griffin.
This is a case of selling the wheat and keeping the chaff. :confused:

Also, too me, they have been picking the fruit but not attending to the needs of the tree. I've always been amazed that the business/mfgs live and die by the sales of billiard products, yet ONLY go for the home market, as we know, its life cyle is short lived. It's no different than raising your kids till they are 13, but when they get into high school you forget about em and could care less about what they do.
 
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