2020 PRCA Annual Report

PRCA FINANCIAL STATUS

PROFESSIONAL RODEO COWBOYS ASSOCIATION & AFFILIATES Consolidated Results of Operations for the period ending Dec. 31, 2020

PRCA PRORODEO PRCA Properties Jr. Rodeo Hall of Fame

TOTALS

Eliminations

Total Revenue and Support Total Operating Expenses Income before Tax, Depreciation & Amortization Expense Tax, Depreciation & Amortization Expense

$31,852,000

$17,861,000 $424,000 $1,345,000 $-2,028,000 $49,454,000

29,823,000

14,740,000 $379,000 947,000

-2,028,000 43,862,000

2,028,000

3,121,000 45,000 398,000

-

5,592,000

310,000

757,000

-

181,000

-

1,248,000

$1,718,000 $2,364,000 $45,000 $217,000

- $4,344,000

Net Income

Revenue & Support consist of membership and permit dues, approval fees, administration charges, insurance, Wrangler National Finals Rodeo, trademark royalties, sponsorships, donations, and museum operations. Operating Expenses consist of membership support programs, management, and general fundraising. Membership support programs are funds spent in direct support of our rodeo committees, the RAM circuits and RAM Circuit Finals Rodeos, RAM National Circuit Finals Rodeo, Wrangler National Finals Rodeo; Wrangler PRORODEO Tour, National High School Finals Rodeo, National Junior High School Finals Rodeo, College National Finals Rodeo, and Miss Rodeo America. Ninety-three percent (93%) of Total Operating Expenses were spent on membership support programs. This means that $0.93 cents of every $1.00 dollar spent during 2020 was returned directly to the Association’s members.

Regards, Kirk LaPoure, CFO PRCA & Affiliated Companies

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