USA Gymnastics reports $142,177 net income for January

By Sarah Lizee

Olympia, Wash., Feb. 28 – USA Gymnastics reported a $142,177 net income on $1.85 million of total revenue for January, according to its monthly operating reported filed Friday with the U.S. Bankruptcy Court for the Southern District of Indiana.

In comparison, the company reported a $787,067 net loss on $2.3 million of total revenue for the December period.

The organization had $7.46 million of cash at the end of January, down from $7.69 million at the end of December.

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

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