Capitol Report: NRA finances still shaky despite post-Parkland surge

If the National Rifle Association were a public company, listed on a major stock exchange, the seemingly insecure financial state of its membership arm might be a reason to worry for its future.

The NRA membership organization’s 2016 financial filing — the latest report available — is pockmarked with accounting red flags: significant deferred revenues compared to cash balances; high allowances for uncollectible accounts; a negative balance for unrestricted net assets; $43 million of short-term debt; and a cumulative pension liability of $40 million.

The NRA, founded by Union Army veterans Col. William C. Church and Gen. George Wingate in 1871, to “promote and encourage rifle shooting on a scientific basis,” can count on several sources of funds for its myriad activities over and above the dues, advertising revenues and product sales produced by its tax-exempt, 501(c)l4) membership association.

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