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Growth & Education Nonprofit icon Youth Sports Nonprofit Business Plan

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YouthSports

Executive Summary

Twenty-five percent of Richmond Metro youth participated in organized sports last year, compared with 85 to 90 percent in the suburbs, according to a recent State University report entitled Richmond’s Youth Sport Need Assessment. Currently, there are 40,000 children in the Richmond Metro area between the ages of 6 to 14. In contrast to the metro area, the suburbs have a full array of youth sports with strong financial support. This late start for urban children, especially urban girls, in organized sports robs them of the opportunity for physical activity, coaching, being part of a team, learning skills, and substantial time away from “negative recreation” (drugs, violence or sexual activities).

Clinical studies also show that sports and recreation programs can help youth establish lifelong, healthy, physical activity patterns. Regular physical activity can ward off life-threatening diseases; reduce feelings of depression and anxiety; help control weight and obesity; and build and maintain healthy bones, muscles, and joints, according to the President’s Council on Physical Fitness.

The children in the city’s core must have the opportunity for a successful start in education and sport regardless of age, race, gender, family composition, income or community. In response to this significant disparity, YouthSports will be created to provide the sports program necessary for Richmond children to have equal opportunity for organized sports.

Thanks to a three-year matching grant from The John Ford Stevenson Foundation (JFSF), YouthSports and several corporate partners plan to utilize organized sports and physical activity programs to promote healthy development in youth.

The JFSF, based in San Francisco, CA, is the nation’s largest philanthropy devoted exclusively to health and health care. It concentrates its grantmaking in three goal areas: to assure that all Americans have access to basic health care at reasonable cost; to improve care and support for people with chronic health conditions; and to reduce the personal, social and economic harm caused by substance abuse; tobacco, alcohol, and illicit drugs.

Schools and health care centers will host sport registration. The JFSF renewable matching grant is based on the concept that local funding sources have the clearest understanding of their communities’ needs. With matching contributions from local partners, the project will receive substantial funding.

Collaborating partners include:

  • BlueCross/BlueShield.
  • Mayor Linda Hargrove and the City of Richmond.
  • Parks & Recreation Department.
  • Richmond Unified School District.
  • Templex Corporation.
  • A.I. Kaufman and Sons.
  • PriceRight Supermarkets.
  • Avion Computers.
  • The Richmond Mall.
  • Richmond Bank.
  • Rider Corporation.

With this base of support, YouthSports will raise additional money from program sponsors and fundraising campaigns.

Youth sports nonprofit business plan, executive summary chart image

1.1 Objectives

  • To increase participation in youth sports and recreation programs in the Richmond Metro area.
  • To increase youth access to health care and healthy development.

1.2 Mission

The mission of YouthSports is to create a youth sport program in the Richmond Metro area increasing both sport participation rates and healthy development of the area’s youth.

1.3 Keys to Success

  • Utilizing the school system to promote the sports program and recruiting team coaches.
  • Minimize field maintenance and facility costs with the school and city park systems.
  • Maintaining the City Council’s support to provide scholarship funds for needy youth who want to participate in sports.
  • Recruiting more corporate support for the sports program.
  • Maintaining a high approval rate with the area’s parents and youth.
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Organization Summary

YouthSports will be a private, non-profit, youth sports program serving children, ages 6-14, in the Richmond Metro area. The focus of the program is to promote youth sport participation, promote healthy development in youth, and increase youth access to health care.

YouthSports has rented office space near the city cent park system. Outdoor sports will be played on public school and park property. Indoor sports will be played in public school gyms.

2.1 Start-up Summary

Start-up costs and initial financing are shown on the following tables and chart.

Youth sports nonprofit business plan, organization summary chart image

Start-up Funding
Start-up Expenses to Fund $342,000
Start-up Assets to Fund $518,000
Total Funding Required $860,000
Assets
Non-cash Assets from Start-up $250,000
Cash Requirements from Start-up $268,000
Additional Cash Raised $0
Cash Balance on Starting Date $268,000
Total Assets $518,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
JFSF $430,000
Blue Shield/Blue Cross $100,000
Templex Corporation $25,000
A.I. Kaufman and Sons $25,000
PriceRight Supermarkets $80,000
Avion Computers $50,000
The Richmond Mail $50,000
Richmond Bank $50,000
Rider Corporation $50,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $860,000
Loss at Start-up (Start-up Expenses) ($342,000)
Total Capital $518,000
Total Capital and Liabilities $518,000
Total Funding $860,000
Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery etc. $5,000
Brochures $20,000
Promotion $100,000
Insurance $10,000
Rent $2,000
Research and Development $0
Sport Equipment $100,000
Office Equipment/Software $100,000
Other $0
Total Start-up Expenses $342,000
Start-up Assets
Cash Required $268,000
Other Current Assets $50,000
Long-term Assets $200,000
Total Assets $518,000
Total Requirements $860,000

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Services

YouthSports will offer the following sports during the year:

  • Flag Football, August-November.
  • 1st/2nd Grade Basketball, October-December.
  • 3rd-8th Grade Basketball, December-March.
  • Spring Soccer, March-May.
  • T-Ball/Softball/Baseball, May-July.
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Market Analysis Summary

There are 40,000 children in the Richmond Metro area between six to 14 years of age. The age group percentages break down as follows:

  • 50% – Ages 6-8.
  • 30% – Ages 9-11.
  • 20% – Ages 12-14.

Currently, only 10% of 6 -11 year olds in the Richmond Metro area participate in organized sports. More importantly, only 5% of girls in that age group are involved in sports. The current age break down provides YouthSports with an excellent opportunity to impact half of our target group at the youngest ages. This will have a tremendous impact on the success of the program over the next five years. 

It is also important to note that there are over 25,000 children in the Richmond Metro area between the ages of two to five. These children will be entering the YouthSports program within the next three years.

4.1 Market Segmentation

The 2-5 and 6-8 age groups represent over 70% of the children that YouthSports will serve over the next three years. It is critical that the program is prepared to manage the influx of these young children.

Youth sports nonprofit business plan, market analysis summary chart image

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Children 2-5 years old 8% 25,000 27,000 29,160 31,493 34,012 8.00%
Children 6-8 years old 10% 20,000 22,000 24,200 26,620 29,282 10.00%
Children 9-11 years old 10% 6,000 6,600 7,260 7,986 8,785 10.00%
Children 12-14 years old 8% 14,000 15,120 16,330 17,636 19,047 8.00%
Total 8.81% 65,000 70,720 76,950 83,735 91,126 8.81%

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Strategy and Implementation Summary

It is critical that YouthSports takes a proactive strategy in promoting its program in the community as well as creating a strong fund-raising program. To accomplish these goals, YouthSports will have two groups overseeing the program’s growth and development. The first will be a 12-member Program Services Group comprising of community members. This group will provide oversight of the program’s service delivery to the community and will also be responsible for building community support for YouthSports. The second group will be a 10-member Finance Group that will have Richmond business representation. The Finance Group will have oversight over the program’s fiscal operation and fund-raising activities.

The next step will be to recruit the volunteer coaches and facility supervisors for each season and use this group to promote the program at local schools. Coaches and facility supervisors will be recruited by using the community churches and civic organizations. In addition, the Richmond Police Department is initiating a new program to recruit volunteer youth coaches from their own ranks. YouthSports is also working with the Community Service Program of State University to recruit college students as coaches. They will receive three university credits hours for their participation with YouthSports.

Mobilizing a coaching/supervision base will provide YouthSports the people power necessary to get its message to the entire community.

Sign-up for the program will be simplified by providing participation forms at each school and at the larger community markets. At each location, there will be a collection kiosk where the forms can be dropped off.

5.1 Competitive Edge

YouthSports’ competitive edge is twofold. One is the support of the community’s public resources to build a successful sports program that will have a positive impact on the attitude and health of the area’s children.

The school district has committed to strongly pushing the sports program. Each of the area’s elementary and middle schools will choose a school team name. The name will then be used by the school teams. Sport participation will be promoted in the classroom and volunteer coaches will be allowed to visit classrooms and speak to the children.

The city park system has been pivotal in obtaining sports equipment for the program at a discounted rate, saving the program a large expense.

The program’s second advantage is the support of businesses to have a real impact on the metro youth. The revitalization of the Richmond’s urban center can only be built upon the improved quality of life of metro residents. The current demographics, with the majority of metro children under the age of six, provides a unique opportunity to have a dynamic impact on the area’s youth. Richmond businesses are lining up to become sport sponsors and school team sponsors.

5.2 Fundraising Strategy

YouthSports will be directing its fund-raising program at two groups. One will be the metro area parents, the other will be Richmond’s businesses. Being successful with both groups is key to the program’s future.

  • Metro Area Parents: The program’s expectations is that sign-up fees will pay for only 30% of operating cost but the fee is crucial for several reasons. First, without a sense of ownership in the program the community will not support the program over time. Second, a monetary commitment to the program creates an expectation of services that will push the program to become more responsive to the community needs. The third reason, and the most important, is that the fee is an organizing tool to recruit volunteers who will commit to work a number of hours for the program as part of a child scholarship agreement.
  • Richmond Businesses: Local businesses can become sponsors of YouthSports sport seasons (like PriceRight can sponsor the Flag Football Season), school teams, or sport tournaments. With the sponsorship will come the opportunity to have the company name on field/facility banners, team uniforms, and YouthSports mass mailings. YouthSports will also have four high-profile fundraisers each year.

5.2.1 Funding Forecast

The following is the funding forecast for three years.

Youth sports nonprofit business plan, strategy and implementation summary chart image

Youth sports nonprofit business plan, strategy and implementation summary chart image

Funding Forecast
Year 1 Year 2 Year 3
Funding
Sign-Up Fees $960,000 $1,100,000 $1,220,000
Business Sponsorships $560,000 $660,000 $760,000
Fundraising $120,000 $120,000 $120,000
Other $0 $0 $0
Total Funding $1,640,000 $1,880,000 $2,100,000
Direct Cost of Funding Year 1 Year 2 Year 3
Sign-Up Fees $0 $0 $0
Business Sponsorships $12,000 $15,000 $18,000
Fundraising $12,000 $12,000 $12,000
Other $0 $0 $0
Subtotal Cost of Funding $24,000 $27,000 $30,000

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Management Summary

YouthSports will establish a team to manage the day to day operation of the program.

6.1 Personnel Plan

The program team will have the following positions:

  • Director.
  • Assistant Director.
  • Volunteer Coordinator.
  • Sponsorship/Fundraising Developer.
  • Facility Coordinator.
  • Coordinator of Game Officials.
  • Area Supervisors (3).
  • Office Manager.
  • Clerical Staff (2).
Personnel Plan
Year 1 Year 2 Year 3
Director $36,000 $39,000 $42,000
Assistant Director $31,200 $34,000 $37,000
Volunteer Coordinator $30,000 $33,000 $36,000
Sponsorship/Fundraising Developer $33,600 $37,000 $40,000
Facility Coordinator $30,000 $33,000 $36,000
Coordinator of Game Officials $28,800 $31,000 $34,000
Area Supervisors (3) $72,000 $80,000 $90,000
Office Manager $30,000 $33,000 $36,000
Clerical Staff (2) $38,400 $41,000 $44,000
Total People 12 12 12
Total Payroll $330,000 $361,000 $395,000

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Financial Plan

The following is the Financial Plan for YouthSports for three years.

7.1 Break-even Analysis

The following table and chart show the Break-even Analysis for YouthSports.

Youth sports nonprofit business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $140,548
Assumptions:
Average Percent Variable Cost 1%
Estimated Monthly Fixed Cost $138,492

7.2 Projected Surplus or Deficit

The following is the Surplus or Deficit of the program’s operation for three years.

Youth sports nonprofit business plan, financial plan chart image

Youth sports nonprofit business plan, financial plan chart image

Youth sports nonprofit business plan, financial plan chart image

Youth sports nonprofit business plan, financial plan chart image

Surplus and Deficit
Year 1 Year 2 Year 3
Funding $1,640,000 $1,880,000 $2,100,000
Direct Cost $24,000 $27,000 $30,000
Other Production Expenses $0 $0 $0
Total Direct Cost $24,000 $27,000 $30,000
Gross Surplus $1,616,000 $1,853,000 $2,070,000
Gross Surplus % 98.54% 98.56% 98.57%
Expenses
Payroll $330,000 $361,000 $395,000
Sales and Marketing and Other Expenses $1,196,000 $1,290,000 $1,445,000
Depreciation $0 $0 $0
Leased Equipment $0 $0 $0
Utilities $2,400 $2,400 $2,400
Insurance $60,000 $60,000 $60,000
Rent $24,000 $24,000 $24,000
Payroll Taxes $49,500 $54,150 $59,250
Other $0 $0 $0
Total Operating Expenses $1,661,900 $1,791,550 $1,985,650
Surplus Before Interest and Taxes ($45,900) $61,450 $84,350
EBITDA ($45,900) $61,450 $84,350
Interest Expense $0 $0 $0
Taxes Incurred $0 $0 $0
Net Surplus ($45,900) $61,450 $84,350
Net Surplus/Funding -2.80% 3.27% 4.02%

7.3 Projected Cash Flow

The following is the Projected Cash Flow of the program’s operation for three years.

Youth sports nonprofit business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Funding $1,640,000 $1,880,000 $2,100,000
Subtotal Cash from Operations $1,640,000 $1,880,000 $2,100,000
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $1,640,000 $1,880,000 $2,100,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $330,000 $361,000 $395,000
Bill Payments $1,243,453 $1,450,199 $1,607,245
Subtotal Spent on Operations $1,573,453 $1,811,199 $2,002,245
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $1,573,453 $1,811,199 $2,002,245
Net Cash Flow $66,548 $68,801 $97,755
Cash Balance $334,547 $403,349 $501,104

7.4 Projected Balance Sheet

The following is the Projected Balance Sheet of the program’s operation for three years.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $334,547 $403,349 $501,104
Other Current Assets $50,000 $50,000 $50,000
Total Current Assets $384,547 $453,349 $551,104
Long-term Assets
Long-term Assets $200,000 $200,000 $200,000
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $200,000 $200,000 $200,000
Total Assets $584,547 $653,349 $751,104
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $112,448 $119,799 $133,204
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $112,448 $119,799 $133,204
Long-term Liabilities $0 $0 $0
Total Liabilities $112,448 $119,799 $133,204
Paid-in Capital $860,000 $860,000 $860,000
Accumulated Surplus/Deficit ($342,000) ($387,900) ($326,450)
Surplus/Deficit ($45,900) $61,450 $84,350
Total Capital $472,100 $533,550 $617,900
Total Liabilities and Capital $584,548 $653,349 $751,104
Net Worth $472,100 $533,550 $617,900

7.5 Standard Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7999, Amusement and Recreation, are shown for comparison.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Funding Growth 0.00% 14.63% 11.70% 4.07%
Percent of Total Assets
Other Current Assets 8.55% 7.65% 6.66% 33.94%
Total Current Assets 65.79% 69.39% 73.37% 42.54%
Long-term Assets 34.21% 30.61% 26.63% 57.46%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 19.24% 18.34% 17.73% 24.50%
Long-term Liabilities 0.00% 0.00% 0.00% 23.36%
Total Liabilities 19.24% 18.34% 17.73% 47.86%
Net Worth 80.76% 81.66% 82.27% 52.14%
Percent of Funding
Funding 100.00% 100.00% 100.00% 100.00%
Gross Surplus 98.54% 98.56% 98.57% 100.00%
Selling, General & Administrative Expenses 101.34% 95.30% 94.55% 68.43%
Advertising Expenses 2.20% 2.13% 2.14% 3.66%
Surplus Before Interest and Taxes -2.80% 3.27% 4.02% 2.96%
Main Ratios
Current 3.42 3.78 4.14 1.13
Quick 3.42 3.78 4.14 0.70
Total Debt to Total Assets 19.24% 18.34% 17.73% 56.09%
Pre-tax Return on Net Worth -9.72% 11.52% 13.65% 4.33%
Pre-tax Return on Assets -7.85% 9.41% 11.23% 9.87%
Additional Ratios Year 1 Year 2 Year 3
Net Surplus Margin -2.80% 3.27% 4.02% n.a
Return on Equity -9.72% 11.52% 13.65% n.a
Activity Ratios
Accounts Payable Turnover 12.06 12.17 12.17 n.a
Payment Days 27 29 28 n.a
Total Asset Turnover 2.81 2.88 2.80 n.a
Debt Ratios
Debt to Net Worth 0.24 0.22 0.22 n.a
Current Liab. to Liab. 1.00 1.00 1.00 n.a
Liquidity Ratios
Net Working Capital $272,100 $333,550 $417,900 n.a
Interest Coverage 0.00 0.00 0.00 n.a
Additional Ratios
Assets to Funding 0.36 0.35 0.36 n.a
Current Debt/Total Assets 19% 18% 18% n.a
Acid Test 3.42 3.78 4.14 n.a
Funding/Net Worth 3.47 3.52 3.40 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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Appendix

Funding Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding
Sign-Up Fees 0% $50,000 $50,000 $120,000 $120,000 $120,000 $120,000 $60,000 $70,000 $70,000 $60,000 $60,000 $60,000
Business Sponsorships 0% $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $30,000 $30,000
Fundraising 0% $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
Direct Cost of Funding Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Sign-Up Fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Business Sponsorships $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Fundraising $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cost of Funding $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Personnel Plan
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Director 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Assistant Director 0% $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600 $2,600
Volunteer Coordinator 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Sponsorship/Fundraising Developer 0% $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800
Facility Coordinator 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Coordinator of Game Officials 0% $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400 $2,400
Area Supervisors (3) 0% $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Office Manager 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Clerical Staff (2) 0% $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200
Total People 12 12 12 12 12 12 12 12 12 12 12 12
Total Payroll $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500

General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

Surplus and Deficit
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
Direct Cost $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Direct Cost $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Gross Surplus $108,000 $108,000 $178,000 $178,000 $178,000 $178,000 $118,000 $128,000 $128,000 $118,000 $98,000 $98,000
Gross Surplus % 98.18% 98.18% 98.89% 98.89% 98.89% 98.89% 98.33% 98.46% 98.46% 98.33% 98.00% 98.00%
Expenses
Payroll $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500
Sales and Marketing and Other Expenses $3,000 $73,000 $103,000 $103,000 $123,000 $123,000 $133,000 $133,000 $123,000 $73,000 $103,000 $103,000
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Insurance $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Rent $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Payroll Taxes 15% $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125 $4,125
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $41,825 $111,825 $141,825 $141,825 $161,825 $161,825 $171,825 $171,825 $161,825 $111,825 $141,825 $141,825
Surplus Before Interest and Taxes $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825)
EBITDA $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825)
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Surplus $66,175 ($3,825) $36,175 $36,175 $16,175 $16,175 ($53,825) ($43,825) ($33,825) $6,175 ($43,825) ($43,825)
Net Surplus/Funding 60.16% -3.48% 20.10% 20.10% 8.99% 8.99% -44.85% -33.71% -26.02% 5.15% -43.83% -43.83%

Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Cash Received
Cash from Operations
Cash Funding $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
Subtotal Cash from Operations $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $110,000 $110,000 $180,000 $180,000 $180,000 $180,000 $120,000 $130,000 $130,000 $120,000 $100,000 $100,000
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Expenditures from Operations
Cash Spending $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500
Bill Payments $544 $18,658 $87,325 $116,325 $116,992 $136,325 $136,658 $146,325 $145,992 $134,658 $87,325 $116,325
Subtotal Spent on Operations $28,044 $46,158 $114,825 $143,825 $144,492 $163,825 $164,158 $173,825 $173,492 $162,158 $114,825 $143,825
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $28,044 $46,158 $114,825 $143,825 $144,492 $163,825 $164,158 $173,825 $173,492 $162,158 $114,825 $143,825
Net Cash Flow $81,956 $63,842 $65,175 $36,175 $35,508 $16,175 ($44,158) ($43,825) ($43,492) ($42,158) ($14,825) ($43,825)
Cash Balance $349,956 $413,798 $478,973 $515,148 $550,656 $566,831 $522,672 $478,847 $435,356 $393,197 $378,372 $334,547
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Assets Starting Balances
Current Assets
Cash $268,000 $349,956 $413,798 $478,973 $515,148 $550,656 $566,831 $522,672 $478,847 $435,356 $393,197 $378,372 $334,547
Other Current Assets $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000
Total Current Assets $318,000 $399,956 $463,798 $528,973 $565,148 $600,656 $616,831 $572,672 $528,847 $485,356 $443,197 $428,372 $384,547
Long-term Assets
Long-term Assets $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000
Total Assets $518,000 $599,956 $663,798 $728,973 $765,148 $800,656 $816,831 $772,672 $728,847 $685,356 $643,197 $628,372 $584,547
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $15,781 $83,448 $112,448 $112,448 $131,781 $131,781 $141,447 $141,448 $131,781 $83,448 $112,448 $112,448
Paid-in Capital $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000 $860,000
Accumulated Surplus/Deficit ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000) ($342,000)
Surplus/Deficit $0 $66,175 $62,350 $98,525 $134,700 $150,875 $167,050 $113,225 $69,400 $35,575 $41,750 ($2,075) ($45,900)
Total Capital $518,000 $584,175 $580,350 $616,525 $652,700 $668,875 $685,050 $631,225 $587,400 $553,575 $559,750 $515,925 $472,100
Total Liabilities and Capital $518,000 $599,956 $663,798 $728,973 $765,148 $800,656 $816,831 $772,673 $728,848 $685,356 $643,198 $628,373 $584,548
Net Worth $518,000 $584,175 $580,350 $616,525 $652,700 $668,875 $685,050 $631,225 $587,400 $553,575 $559,750 $515,925 $472,100

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