USA Gymnastics reports $691,982 net loss for June period

By Sarah Lizee

Olympia, Wash., July 28 – USA Gymnastics reported a $691,982 net loss on $2.13 million of total revenue for the June period, according to its monthly operating reported filed Monday with the U.S. Bankruptcy Court for the Southern District of Indiana.

In comparison, USA Gymnastics reported a $264,987 net income on $2.27 million of total revenue for the May period.

The organization had $4.8 million of cash at the end of June, compared to $6.95 million at the end of May.

The Indianapolis-based gymnastics organization filed bankruptcy on Dec. 5, 2018 under Chapter 11 case number 18-09108.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.