Know the Numbers
$13,984,659
What was actual revenue for 2021?
An operational or financial number that represents a weakness or vulnerability that, if not addressed and corrected, will negatively impact the overall performance and long-term security of the business.
What is the Critical Number?
You earn a year of vested service for each plan year you work this many hours.
What is 1,000 hours?
The Great Game of Business was developed by who?
Who is Jack Stack?
This is important because it equips you with the knowledge and skills you need to manage money effectively
What is financial literacy?
$3.27M
What is budgeted EBITDA for 2022?
This is used to track, measure & report key operational & financial numbers that reflect the “score” of The Game.
What is the Scoreboard?
January 1st; April 1st; July 1st; and October 31st are…
What are the entry dates into the SCMS ESOP?
The original Superior Plumbing & Heating was founded in 1978 by this person.
Who is Max Pitts?
This is the Company’s scoreboard.
What are the financial statements?
$20,046,000
What is budgeted revenue for 2022?
A structured meeting designed to keep players focused on, informed about & included in The Game.
What is a Huddle?
Employee-owners receiving ESOP distributions may require the Company to repurchase the shares by exercising this.
What is a put option?
The person responsible for performing the annual valuation of SCMS.
Who is Stephanie Carlin, the valuator.
Revenue, Gross Profit, Overhead, and Net Income are reported on this financial statement.
What is the Income Statement?
What was actual EBITDA for 2021?
A short-term improvement challenge designed to correct a weakness or pursue an opportunity in the company. There is a team goal, a scoreboard and a reward for winning.
What is a Mini-Game?
The value of your ESOP benefits is determined by this.
What is the annual valuation?
This person has a fiduciary duty to act in the best interests of the ESOP participants.
Who is Christopher Robinson, the ESOP Trustee?
These 3 components make up the Balance Sheet.
What are Assets, Liabilities, and Equity?
$2,366,806
What is the Annual Threshold Amount to get into Gain Sharing territory?
This gives the team chances to win, motivates employees, sustains interest all year and aids in cash flow management for the Company.
What is the Stake in the Outcome Bonus Program?
Retirement, Death, Disability, Termination or Diversification trigger this.
What is a Distribution?
These people are responsible for the overall success of SCMS.
Everyone!
Once the threshold is achieved, the quarterly payout percentage is divided by these three amounts in the 2nd, 3rd and 4th quarters.
What is 25% in the 2nd quarter, 25% in the 3rd quarter, and 50% in the 4th quarter?