IHRSA Financial Management Tool (FMT)

The FMT makes day-to-day business easy.

• Provides a simple color coded system to help you plan and manage your business.
• Provides detailed information regarding staffing by analyzing how increasing and decreasing staff affects revenues and the bottom line.
• Builds in projections on personal training revenue in the payroll worksheet.
• Projects employee benefit costs automatically as part of the full-time payroll projection.

The FMT provides a quick way to be on top of your business.

• Graphs gym memberships, revenues, expenses, and net profits automatically.
• Helps you analyze profit centers, looking at them as a business within a business, by clarifying the expenses, revenue potential, and the expected margins.
• Gives you a cash flow statement that is fully linked to the other projection worksheet and allows you to see how a change in any of your numbers will affect your cash position.
• Sets up a direct link to membership growth for specific revenues and expenses.

The FMT helps you make the right decisions and get the best financing

• Gives you solid answers regarding the feasibility of starting a fitness/sports club or developing a new profit center.
• Makes an impressive presentation and provides financiers and buyers with the information they need to decide to invest or buy your health club business.

The FMT includes:

• Financial Summary
• Projected Profit and Loss
• Balance Sheet
• Benchmarks and Ratios
• Payroll

•  Monthly and Year-to-Date Projected to Actual Comparisons
• Net Operating Loss Carry Over
• Graphs of Annual Key Numbers
• Capital Lease
• Membership Price Averages

• Fitness and Office Equipment Costs
• Start-up Costs
• Debt and Equity Statement
• Deferred Revenue