- 12 -
the loans made to it by Bank of America, nor has there ever been
any threat of default.
Compensation of Officers by Petitioner
Petitioner’s officers received compensation in the following
amounts for petitioner’s taxable years ending June 30, 1979
through 1997:
Total Officer
TYE 6/30 Mr. Harrison Mrs. Harrison Myron James Ralph Compensation
1979 (no breakdown – data not in evidence) $353,850
1980 $87,109 $74,990 $61,335 $61,360 $61,360 346,154
1981 120,358 100,955 94,466 93,584 88,481 497,844
1982 164,075 151,335 108,310 108,310 108,310 640,340
1983 224,025 211,285 141,010 141,010 141,010 858,340
1984 182,900 169,915 118,940 118,940 118,940 709,635
1985 243,367 230,626 151,560 151,560 151,560 928,673
1986 297,450 284,710 181,060 181,060 181,060 1,125,340
1987 384,846 372,106 239,840 239,840 239,840 1,476,472
1988 279,383 265,721 184,379 184,379 184,379 1,098,241
1989 (no breakdown – data not in evidence) 1,161,150
1990 421,951 354,305 240,498 240,498 240,498 1,497,750
1991 125,697 351,084 154,792 154,792 154,792 941,157
1992 - 419,394 165,371 166,218 166,217 917,200
1993 - 174,585 132,425 132,425 132,425 571,860
1994 - 431,482 262,607 262,607 262,607 1,219,303
1995 - 860,682 479,773 473,973 459,673 2,274,101
1996 - 818,059 442,882 475,183 468,188 2,204,312
1997 - 600,059 338,436 377,849 360,391 1,676,735
Petitioner’s Financial Results
For the same taxable years, according to its returns as
filed, petitioner’s sales, after-tax income (net income), yearend
stockholder equity (equity), yearend assets (assets), return on
sales (ROS), return on yearend equity (ROE), and return on
yearend assets (ROA) were as follows:
Net
Sales income Equity Assets ROS ROE ROA
TYE 6/30 $000 $000 $000 $000 percent percent percent
1979 $3,200 $106 $348 $1,010 3.3 30.5 10.4
Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NextLast modified: May 25, 2011