Financial Overview

We need a lot more “meat on the bones” here. You can actually illustrate % of growth year over year, etc. Although, as indicated in my notes above, you need to review your revenue numbers for years 2-5, as they are substantially decreasing.

Also, this describes your growth / revenue strategy but does not mention anything about cost and expenses. For instance, what do the “Activity Fees” represent in your Cost of Goods Sold section of your financials. Also, describing and / or illustrating how costs and expenses relate to revenue is important. For instance, do costs and expenses flatten out overtime? Can you describe them as variable to volume or fixed? More detail about assumptions in this area is required.

For those that will not understand all of the numbers and related assumptions in your financial statements, it is important to describe and illustrate the highlights here. Make sense?

With regard to your financial statements themselves, after you fix your revenue projections, please go back and recheck your inputs, math and calculations. There seems to be some errors in formulas and footing, but it is hard for me to tell without knowing if the actual numbers are correct. For example, in one month you have $475K in salaries, which appears to be a typo.