Civic Intelligence

Illinois Thoroughbred Horsemen Association Benefit Trust

EIN 20-8458592 • 501(c)4 • North Riverside, IL

Profile

The purpose of the illinois thoroughbred horsemen's association benefit trust is to address concerns of inadequate healthcare coverage in the horse racing industry. The benefit trust makes health coverage available and/or provides for the health insurance deductible to trainers and assistant trainers licensed in the state of illinois. By assisting the beneficiaries in qualifying for and paying for health insurance coverage/deductible, the benefit trust improves the well-being of a generally low-income population. The trust helps lessen the burden on the public by preventing the beneficiaries from relying on emergency room services and public aid.

7301 W 25th Street Suite 321North Riverside, IL 60546

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

13th percentile

-69%

Faster asset growth than 13% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$3,882

Down $8,454 (-69%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$3,882

Down $8,454 (-69%) from 2024

Revenue

$7,500

No earlier filing loaded for comparison.

Expenses

Down

$8,453

Down $738 (-8.0%) from 2024

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2011: $96,758Liabilities 2011: $52,341Net Assets 2011: $44,4172011Assets 2012: $21,939Liabilities 2012: $66,827Net Assets 2012: -$44,8882012Assets 2013: $922Liabilities 2013: $0Net Assets 2013: $9222013Assets 2014: $88,679Liabilities 2014: $2,054Net Assets 2014: $86,6252014Assets 2015: $74,523Liabilities 2015: $2,054Net Assets 2015: $72,4692015Assets 2016: $65,017Liabilities 2016: $1,866Net Assets 2016: $63,1512016Assets 2017: $49,250Liabilities 2017: $1,867Net Assets 2017: $47,3832017Assets 2018: $35,066Net Assets 2018: $35,0662018Assets 2019: $22,695Liabilities 2019: $02019Assets 2020: $21,021Net Assets 2020: $21,0212020Assets 2021: $19,488Net Assets 2021: $19,4882021Assets 2022: $16,629Net Assets 2022: $16,6292022Assets 2023: $14,027Net Assets 2023: $14,0272023Assets 2024: $12,336Net Assets 2024: $12,3362024Assets 2025: $3,882Net Assets 2025: $3,8822025

Highlighted filing

2025

Assets$3,882
Liabilities-
Net Assets$3,882

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $482,1692011Expenses 2012: $469,1752012Revenue 2013: $463,237Expenses 2013: $417,427Net Income 2013: $45,8102013Revenue 2014: $100,058Expenses 2014: $14,355Net Income 2014: $85,7032014Expenses 2015: $14,1562015Expenses 2016: $9,3182016Expenses 2017: $15,7682017Revenue 2018: $10,000Expenses 2018: $22,317Net Income 2018: -$12,3172018Revenue 2019: $0Expenses 2019: $12,371Net Income 2019: -$12,3712019Revenue 2020: $7,500Expenses 2020: $9,174Net Income 2020: -$1,6742020Revenue 2021: $7,500Expenses 2021: $9,033Net Income 2021: -$1,5332021Revenue 2022: $7,500Expenses 2022: $10,359Net Income 2022: -$2,8592022Revenue 2023: $7,500Expenses 2023: $10,102Net Income 2023: -$2,6022023Revenue 2024: $7,500Expenses 2024: $9,191Net Income 2024: -$1,6912024Expenses 2025: $8,4532025

Highlighted filing

2025

Revenue-
Expenses$8,453
Net Income-

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.08
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.08$0.09$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.14$0.08$0.10$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.17$0.08$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.19$0.08$0.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.21$0.08$0.09$0.02
2019Summary only. Only limited summary data is available for this year.$0.23$0.00$0.00$0.12$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.35$0.10$0.22$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.63$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.02$0.72$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$1.00$0.14$0.86
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$4.63$4.17$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.67$0.45$4.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.52$0.44$4.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Jan 28, 2026
Return Version
2025v4.0
Mission and Program Overview

Mission

The purpose of the illinois thoroughbred horsemen's association benefit trust is to address concerns of inadequate healthcare coverage in the horse racing industry. The benefit trust makes health coverage available and/or provides for the health insurance deductible to trainers and assistant trainers licensed in the state of illinois. By assisting the beneficiaries in qualifying for and paying for health insurance coverage/deductible, the benefit trust improves the well-being of a generally low-income population. The trust helps lessen the burden on the public by preventing the beneficiaries from relying on emergency room services and public aid.

Program Services

DescriptionGrantsExpenses
PROVIDES HEALTH INSURANCE COVERAGE AND/OR PAYMENT OF HEALTH INSURANCE DEDUCTIBLES TO QUALIFYING BENEFICIARIES OF THE ILLINOIS THOROUGHBRED HORSE RACING INDUSTRY.-$6,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID MCCAFFREYTrustee-$0--
CHRIS BLOCKTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Illinois Thoroughbred Horsemen
EIN
20-8458592
Phone
7086522201
Address
7301 W 25TH STREET, NORTH RIVERSIDE, IL 60546

Signing Officer

Name
David Mccaffrey
Title
Trustee
Phone
7086522201
Signed
2026-01-28
Discuss with paid preparer
Yes

Preparer

Firm
Gegorek & Company Pa
Address
136 HEATHER DR, QUEENSTOWN, MD 21658-1194
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III

The purpose of the illinois thoroughbred horsemen's association benefit trust is to address concerns of inadequate healthcare coverage in the horse racing industry. The benefit trust makes health coverage available and/or provides for the health insurance deductible to trainers and assistant trainers licensed in the state of illinois. By assisting the beneficiaries in qualifying for and paying for health insurance coverage/deductible, the benefit trust improves the well-being of a generally low-income population. The trust helps lessen the burden on the public by preventing the beneficiaries from relying on emergency room services and public aid.

Raw XML Appendix86 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt06361
IRS990EZ/BooksInCareOfDetail/PersonNm0DAVID MCCAFFREY
IRS990EZ/BooksInCareOfDetail/PhoneNum07086522201
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07301 WEST 25TH STREET 321
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NORTH RIVERSIDE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060546
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt012335
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03882
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-8453
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02092
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt012335
IRS990EZ/Form990TotalAssetsGrp/EOYAmt03882
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt012335
IRS990EZ/NetAssetsOrFundBalancesEOYAmt03882
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt012335
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03882
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID MCCAFFREY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHRIS BLOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE ILLINOIS THOROUGHBRED HORSEMEN'S ASSOCIATION BENEFIT TRUST IS TO ADDRESS CONCERNS OF INADEQUATE HEALTHCARE COVERAGE IN THE HORSE RACING INDUSTRY. THE BENEFIT TRUST MAKES HEALTH COVERAGE AVAILABLE AND/OR PROVIDES FOR THE HEALTH INSURANCE DEDUCTIBLE TO TRAINERS AND ASSISTANT TRAINERS LICENSED IN THE STATE OF ILLINOIS. BY ASSISTING THE BENEFICIARIES IN QUALIFYING FOR AND PAYING FOR HEALTH INSURANCE COVERAGE/DEDUCTIBLE, THE BENEFIT TRUST IMPROVES THE WELL-BEING OF A GENERALLY LOW-INCOME POPULATION. THE TRUST HELPS LESSEN THE BURDEN ON THE PUBLIC BY PREVENTING THE BENEFICIARIES FROM RELYING ON EMERGENCY ROOM SERVICES AND PUBLIC AID.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDES HEALTH INSURANCE COVERAGE AND/OR PAYMENT OF HEALTH INSURANCE DEDUCTIBLES TO QUALIFYING BENEFICIARIES OF THE ILLINOIS THOROUGHBRED HORSE RACING INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06361
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08453
IRS990EZ/TotalProgramServiceExpensesAmt06361
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE ILLINOIS THOROUGHBRED HORSEMEN'S ASSOCIATION BENEFIT TRUST IS TO ADDRESS CONCERNS OF INADEQUATE HEALTHCARE COVERAGE IN THE HORSE RACING INDUSTRY. THE BENEFIT TRUST MAKES HEALTH COVERAGE AVAILABLE AND/OR PROVIDES FOR THE HEALTH INSURANCE DEDUCTIBLE TO TRAINERS AND ASSISTANT TRAINERS LICENSED IN THE STATE OF ILLINOIS. BY ASSISTING THE BENEFICIARIES IN QUALIFYING FOR AND PAYING FOR HEALTH INSURANCE COVERAGE/DEDUCTIBLE, THE BENEFIT TRUST IMPROVES THE WELL-BEING OF A GENERALLY LOW-INCOME POPULATION. THE TRUST HELPS LESSEN THE BURDEN ON THE PUBLIC BY PREVENTING THE BENEFICIARIES FROM RELYING ON EMERGENCY ROOM SERVICES AND PUBLIC AID.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MCCAFFREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07086522201
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS THOROUGHBRED HORSEMEN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0208458592
ReturnHeader/Filer/PhoneNum07086522201
ReturnHeader/Filer/USAddress/AddressLine1Txt07301 W 25TH STREET
ReturnHeader/Filer/USAddress/CityNm0NORTH RIVERSIDE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060546
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262884272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEGOREK & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0136 HEATHER DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUEENSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216581194
ReturnHeader/PreparerPersonGrp/PhoneNum04108234040
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG S GEGOREK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-04-22T13:25:52-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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