Civic Intelligence

Texas Thoroughbred Breeders Association

990 • Fiscal year 2017 • EIN 23-7264463

Sep 01, 2016 to Aug 31, 2017 • Filed on Feb 13, 2018

Organization ProfileN/A

View Organization Page

4009 Banister LNAustin, TX 78704

(512) 458-6133

Siviq Scores

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

Liabilities / Assets

96th percentile

0.60x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

1.52x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Net Margin

62nd percentile

9.8%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

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

2017 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2017

Asset Growth

15th percentile

-4.4%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

10%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,758,342

Down $80,408 (-4.4%) from 2016

Net Assets

Up

$711,903

Up $67,354 (+10%) from 2016

Liabilities

Down

$1,046,439

Down $147,762 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin62nd percentile

Revenue

Up

$688,368

Up $63,358 (+10%) from 2016

Expenses

Down

$621,014

Down $3,753 (-0.6%) from 2016

Net Income

Up

$67,354

Up $67,111 (+27618%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,520,511Liabilities 2013: $996,094Net Assets 2013: $524,4172013Assets 2014: $1,636,529Liabilities 2014: $1,030,312Net Assets 2014: $606,2172014Assets 2015: $1,674,878Liabilities 2015: $1,030,572Net Assets 2015: $644,3062015Assets 2016: $1,838,750Liabilities 2016: $1,194,201Net Assets 2016: $644,5492016Assets 2017: $1,758,342Liabilities 2017: $1,046,439Net Assets 2017: $711,9032017Assets 2018: $1,634,307Liabilities 2018: $956,524Net Assets 2018: $677,7832018Assets 2019: $1,526,684Liabilities 2019: $905,057Net Assets 2019: $621,6272019Assets 2021: $2,216,808Liabilities 2021: $1,877,746Net Assets 2021: $339,0622021Assets 2022: $2,119,293Liabilities 2022: $1,698,319Net Assets 2022: $420,9742022Assets 2023: $1,888,565Liabilities 2023: $1,309,796Net Assets 2023: $578,7692023Assets 2024: $2,144,720Liabilities 2024: $1,556,742Net Assets 2024: $587,9782024

Highlighted filing

2017

Assets$1,758,342
Liabilities$1,046,439
Net Assets$711,903
Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $351,4002013Revenue 2014: $412,715Expenses 2014: $330,915Net Income 2014: $81,8002014Revenue 2015: $395,923Expenses 2015: $357,834Net Income 2015: $38,0892015Revenue 2016: $625,010Expenses 2016: $624,767Net Income 2016: $2432016Revenue 2017: $688,368Expenses 2017: $621,014Net Income 2017: $67,3542017Revenue 2018: $664,973Expenses 2018: $699,093Net Income 2018: -$34,1202018Revenue 2019: $599,352Expenses 2019: $655,508Net Income 2019: -$56,1562019Revenue 2021: $1,107,414Expenses 2021: $1,098,126Net Income 2021: $9,2882021Revenue 2022: $971,141Expenses 2022: $889,229Net Income 2022: $81,9122022Revenue 2023: $1,083,888Expenses 2023: $926,093Net Income 2023: $157,7952023Revenue 2024: $867,927Expenses 2024: $858,718Net Income 2024: $9,2092024

Highlighted filing

2017

Revenue$688,368
Expenses$621,014
Net Income$67,354
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$688,368
Mission and Program Overview

Mission

To promote and improve thoroughbred breeding

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$625,517$743,776▲ $118,259
Accounts Receivable$265,163$194,659▼ $70,504
Investments in Publicly Traded Securities$35,775$35,775→ $0
Land, Buildings, and Equipment, Net$18,004$10,284▼ $7,720
Prepaid Expenses and Deferred Charges$3,824$2,552▼ $1,272
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,838,750$1,758,342▼ $80,408
Other Assets Total$890,467$771,296▼ $119,171
Liabilities
Accounts Payable and Accrued Expenses$1,183,341$1,034,999▼ $148,342
Deferred Revenue$10,860$11,440▲ $580
Total Liabilities$1,194,201$1,046,439▼ $147,762
Net Assets / Fund Balance
Unrestricted Net Assets$644,549$711,903▲ $67,354
Total Net Assets Fund Balance$644,549$711,903▲ $67,354
Total Liabilities and Net Assets / Fund Balance$1,838,750$1,758,342▼ $80,408

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,712$193,374$203,086
Other Land Buildings$572$8,982$9,554
Other Assets Org$2--
Compensation and Service Providers
Top Officer Pay17th percentile

Board Members and Trustees

NameTitle
Hal WigginsPresident
Phil LeckingerPresident
Phil Adams1st VP
Bill Tracy2nd VP
Alfred Vardeman DVMMember
Beth DealMember
Brent SavageMember
Danny KeeneMember
David StephenMember
Ed FewMember
Henry Witt JrMember
Jerry MooreMember
Jim HarrisMember
John AdgerMember
Judy PeekMember
Keith AsmussenMember
Ken CarsonMember
Stan HuntsingerMember
Ted MallerMember
Terry EoffMember
Tom Bradfield DVMMember
Tracy SheffieldMember
Wes MelcherMember
Fred Taylor JrSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$41,030
Program Service Revenue
$642,542
Investment Income
$406
Other Revenue
$4,390
Change in Net Assets
$67,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,837
Salaries, Compensation, and Employee Benefits$191,607
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,179$17,480-$177,659
Fees for Services Legal$139,862--$139,862
Fees for Services Other$50,615$28-$50,643
Insurance$28,260$3,591-$31,851
Occupancy$26,389$1,389-$27,778
Advertising$23,983$786-$24,769
Other Expenses$18,163$303-$18,466
Payroll Taxes$11,795$2,153-$13,948
Office Expenses$11,096$129-$11,225
Travel$10,477$394-$10,871
Conferences and Meetings$9,933$20-$9,953
Depreciation Depletion$7,334$386-$7,720
Information Technology$5,741$302-$6,043
Interest$5,430$267-$5,697
All Other Expenses$4,507$38-$4,545
Benefits to Members$2,570--$2,570
Total Functional Expenses$592,814$28,200$0$621,014
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is reviewed by the staff and treasurer prior to filing and made available to the directors upon request”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Bylaws are available on the website and sent to members upon request.”

Filing and Contact Details

Filer

Filer Name
Texas Thoroughbred Breeders Association
EIN
23-7264463
Phone
5124586133
Address
4009 Banister LN, Austin, TX 78704

Signing Officer

Name
Mary Ruyle
Title
Executive Director
Signed
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1955
Legal Domicile
TX
Voting Board Members
21
Independent Board Members
21
Employees
6

Preparer

Firm
Alexander & Lievens PC
Address
6300 Bridge Point Pkwy Bldg 1 Ste 3, Austin, TX 78730
Preparer
Barry P Alexander
Phone
5123286229
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IRS990/Form990PartVIISectionAGrp/PersonNm1Alfred Vardeman DVM
IRS990/Form990PartVIISectionAGrp/PersonNm2Hal Wiggins
IRS990/Form990PartVIISectionAGrp/PersonNm3Henry Witt Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Ed Few
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IRS990/Form990PartVIISectionAGrp/PersonNm10Keith Asmussen
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IRS990/Form990PartVIISectionAGrp/PersonNm14Stan Huntsinger
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,758,342
Liabilities
$1,046,439
Net assets
$711,903
Revenue
$688,368
Expenses
$621,014
Net income
$67,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$1.56$0.59$0.87$0.86$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.89$1.31$0.58$1.08$0.93$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.12$1.70$0.42$0.97$0.89$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.22$1.88$0.34$1.11$1.10$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.91$0.62$0.60$0.66$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.96$0.68$0.66$0.70$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.76$1.05$0.71$0.69$0.62$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.84$1.19$0.64$0.63$0.62$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.67$1.03$0.64$0.40$0.36$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.64$1.03$0.61$0.41$0.33$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$1.00$0.52$0.35