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Financials-2004,3rdQtr
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DIVING EQUIPMENT & MARKETING ASSOCIATION
CONSOLIDATED BALANCE SHEET
For the nine month period ending September 30, 2004
ASSETS
Current Assets
Cash 1,683,786
Manufacturers Fund (2002-2003) 313,028
Accounts Receivable 25,414
Inventory 4,275
Prepaid Expenses 10,066
Other Assets 8,337
Total Current Assets 2,044,907
Net Fixed Assets 62,294
TOTAL ASSETS  $       2,107,200
LIABILITIES & FUND BALANCE
Current Liabilities
Accounts Payable 158,088
Accrued Vacation 12,325
Deferred Membership Dues (2005) 200
Total Current Liabilities 170,613
Fund Balances
Retained Earnings - (Prior)          1,045,336
Retained Earnings - (Current) 891,251
Total Net Assets 1,936,587
TOTAL LIABILITIES & FUND BALANCE  $       2,107,200


CONSOLIDATED INCOME STATEMENT
For the nine month period ending September 30, 2004
REVENUE
TRADE SHOW REVENUE
Trade Show Revenue (YTD) 2,226,400
  Less Trade Show Expenses (897,800)
  
Net Trade Show Revenue 1,328,600
ASSOCIATION REVENUE (Non-Show)
Membership Dues 241,639
Other 139,397
.
Total Association Revenue 381,036
TOTAL REVENUE  $       1,709,636
EXPENSES
ASSOCIATION EXPENSES
Program Expenses 326,084
Membership Expenses 11,688
Board of Directors/Committee Expenses 27,442
Legal & Professional Consulting Fees 15,472
Education and Training 149
Operating & Misc. Expenses 437,551
TOTAL EXPENSES  $         818,385
NET INCOME FROM OPERATIONS  $         891,251

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