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TYE Base Total
June 30 Salary Bonus Compensation
1983 $36,000 $15,000 $51,000
1985 36,000 104,700 140,700
1987 36,000 30,000 66,000
1988 36,000 40,000 76,000
1989 36,000 30,000 66,000
1990 36,000 40,471 76,471
1991 56,404 40,000 96,404
1992 34,900 61,196 96,096
1993 43,200 69,376 112,576
1994 48,000 109,920 157,920
1995 48,000 105,760 153,760
1996 90,000 109,000 199,000
1997 90,000 60,000 150,000
1998 90,000 60,000 150,000
1999 90,000 60,000 150,000
2000 90,000 160,000 250,000
F. Petitioner’s Financial Condition
From 1980 through 1982, the shareholder-employees
capitalized petitioner with contributions of property totaling
$11,300. No additional capital contributions were made. As of
June 30, 2000, petitioner had retained earnings of $781,702 and
total shareholder equity of $793,002. Petitioner never declared
a dividend.
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Last modified: May 25, 2011