Civic Intelligence

Palmyra Racing Association Inc Co Sheryl Ladelfa

990EZ • Fiscal year 2018 • EIN 16-1477370

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 30, 2019

PO Box 221Palmyra, NY 14522

(315) 263-1400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.00x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.01x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE N • <$500k nonprofits • Source year 2018

Asset Growth

59th percentile

7.4%

Faster asset growth than 59% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

2.0%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • NTEE N • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$306,990

Up $21,223 (+7.4%) from 2017

Net Assets

Up

$306,090

Up $20,323 (+7.1%) from 2017

Liabilities

Up

$900

Up $900 from 2017

Revenue

Up

$148,997

Up $2,961 (+2.0%) from 2017

Expenses

Up

$128,674

Up $24,530 (+24%) from 2017

Net Income

Down

$20,323

Down $21,569 (-51%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $198,594Liabilities 2010: $0Net Assets 2010: $198,5942010Assets 2011: $221,830Liabilities 2011: $0Net Assets 2011: $221,8302011Assets 2012: $211,164Liabilities 2012: $0Net Assets 2012: $211,1642012Assets 2013: $202,085Liabilities 2013: $0Net Assets 2013: $202,0852013Assets 2014: $207,241Liabilities 2014: $0Net Assets 2014: $207,2412014Assets 2015: $235,041Liabilities 2015: $3,385Net Assets 2015: $231,6562015Assets 2016: $243,875Liabilities 2016: $0Net Assets 2016: $243,8752016Assets 2017: $285,767Liabilities 2017: $0Net Assets 2017: $285,7672017Assets 2018: $306,990Liabilities 2018: $900Net Assets 2018: $306,0902018Assets 2019: $361,114Liabilities 2019: $0Net Assets 2019: $361,1142019Assets 2020: $493,238Liabilities 2020: $0Net Assets 2020: $493,2382020Assets 2021: $529,107Liabilities 2021: $0Net Assets 2021: $529,1072021Assets 2022: $553,765Liabilities 2022: $0Net Assets 2022: $553,7652022Assets 2023: $602,043Liabilities 2023: $0Net Assets 2023: $602,0432023Assets 2024: $597,908Liabilities 2024: $0Net Assets 2024: $597,9082024

Highlighted filing

2018

Assets$306,990
Liabilities$900
Net Assets$306,090

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $143,276Expenses 2010: $116,504Net Income 2010: $26,7722010Revenue 2011: $131,961Expenses 2011: $108,725Net Income 2011: $23,2362011Revenue 2012: $131,526Expenses 2012: $142,192Net Income 2012: -$10,6662012Revenue 2013: $131,368Expenses 2013: $140,447Net Income 2013: -$9,0792013Revenue 2014: $144,008Expenses 2014: $138,852Net Income 2014: $5,1562014Revenue 2015: $129,343Expenses 2015: $104,928Net Income 2015: $24,4152015Revenue 2016: $140,852Expenses 2016: $128,633Net Income 2016: $12,2192016Revenue 2017: $146,036Expenses 2017: $104,144Net Income 2017: $41,8922017Revenue 2018: $148,997Expenses 2018: $128,674Net Income 2018: $20,3232018Revenue 2019: $175,333Expenses 2019: $120,309Net Income 2019: $55,0242019Revenue 2020: $245,416Expenses 2020: $113,292Net Income 2020: $132,1242020Revenue 2021: $196,038Expenses 2021: $160,169Net Income 2021: $35,8692021Revenue 2022: $196,058Expenses 2022: $171,400Net Income 2022: $24,6582022Revenue 2023: $221,434Expenses 2023: $173,156Net Income 2023: $48,2782023Revenue 2024: $259,606Expenses 2024: $263,741Net Income 2024: -$4,1352024

Highlighted filing

2018

Revenue$148,997
Expenses$128,674
Net Income$20,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 30, 2019
Return Version
2018v3.1
Gross Receipts
$148,997
Mission and Program Overview

Mission

To promote, encourage, aid and engage in the art and skill of motorcycling and the better understanding thereof and to foster the safety of such sport.

Program Services

DescriptionGrantsExpenses
Provide a fun, safe place to practice motorcycle riding while at the same time promoting family values and activities for all members.$0$117,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary WalkerMember-$0--
Scott BorstMember-$0--
Michelle JonesMember-$0--
Randy SmithMember-$0--
Adam SwansonMember-$0--
Daryl QuigleyMember-$0--
Dylan ScheemakerMember-$0--
Corey SadlikMember-$0--
Nolan AdamsPresident-$0--
Sheryl LaDelfaTreasurer-$0--
Alan DelimonSecretary-$0--
Ed JohannesVice President-$0--
Filing and Contact Details

Filer

Filer Name
Palmyra Racing Association Inc
EIN
16-1477370
Phone
3152631400
Address
PO Box 221, Palmyra, NY 14522

Signing Officer

Name
Sheryl LaDelfa
Title
Treasurer
Phone
3152631400
Signed
2019-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Brenda Smith
Phone
5852322956
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: Interest Income. Amount: 206.

Form 990-EZ, Part I, Line 8 - Other Revenue

Description: Other Related Revenue. Amount: 3,141. Description: Rental Income. Amount: 1,800. Total to Form 990-EZ, line 8: 4,941.

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Race and Banquet and Event Expenses. Amount: 42,049. Description: Insurance. Amount: 12,826. Description: Other Program Expenses. Amount: 9,429. Description: Business Expenses. Amount: 665. Description: Depreciation. Amount: 6,032. Total to Form 990-EZ, line 16: 71,001.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Other Depreciable Assets. Beg. of Year Amount: 20,300. End of Year Amount: 14,268.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Security Deposit. Beg. of Year Amount: 0. End of Year Amount: 900.

Raw XML Appendix181 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Palmyra
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Randy Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Adam Swanson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Daryl Quigley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Dylan Scheemaker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Corey Sadlik
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Nolan Adams
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Sheryl LaDelfa
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Alan Delimon
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Ed Johannes
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11Vice President
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherExpensesTotalAmt071001
IRS990EZ/OtherRevenueTotalAmt04941
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IRS990EZ/PrimaryExemptPurposeTxt0To promote, encourage, aid and engage in the art and skill of motorcycling and the better understanding thereof and to foster the safety of such sport.
IRS990EZ/ProgramServiceRevenueAmt085679
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide a fun, safe place to practice motorcycle riding while at the same time promoting family values and activities for all members.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt0117985
IRS990EZ/TotalRevenueAmt0148997
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.palmyramx.com
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 206.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Other Related Revenue. Amount: 3,141. Description: Rental Income. Amount: 1,800. Total to Form 990-EZ, line 8: 4,941.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Race and Banquet and Event Expenses. Amount: 42,049. Description: Insurance. Amount: 12,826. Description: Other Program Expenses. Amount: 9,429. Description: Business Expenses. Amount: 665. Description: Depreciation. Amount: 6,032. Total to Form 990-EZ, line 16: 71,001.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Other Depreciable Assets. Beg. of Year Amount: 20,300. End of Year Amount: 14,268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Security Deposit. Beg. of Year Amount: 0. End of Year Amount: 900.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sheryl LaDelfa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03152631400
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Palmyra Racing Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0161477370
ReturnHeader/Filer/PhoneNum03152631400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 221
ReturnHeader/Filer/USAddress/CityNm0Palmyra
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014522
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03FC2AC741DD80864B6B29AAF924A7E171A12EEEE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId083216C01FE8A019299DED193AC915142B5E56A2E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.213.221.209
ReturnHeader/FilingSecurityInformation/IPDt02019-04-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:07:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271895149
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Heveron & Company CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0260 Plymouth Avenue South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rochester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014608
ReturnHeader/PreparerPersonGrp/PhoneNum05852322956
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brenda Smith
ReturnHeader/ReturnTs02019-05-03T09:27:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$2.60$2.64$0.04
2023Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$2.21$1.73$0.48
2022Detailed filing. Detailed filing data is available for this year.$5.54$0.00$5.54$1.96$1.71$0.25
2021Detailed filing. Detailed filing data is available for this year.$5.29$0.00$5.29$1.96$1.60$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$2.45$1.13$1.32
2019Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$1.75$1.20$0.55
2018Detailed filing. Detailed filing data is available for this year.$3.07$0.01$3.06$1.49$1.29$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$1.46$1.04$0.42
2016Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$1.41$1.29$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.35$0.03$2.32$1.29$1.05$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$1.44$1.39$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$1.31$1.40$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$1.32$1.42$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.00$2.22$1.32$1.09$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.00$1.99$1.43$1.17$0.27