Civic Intelligence

Texas Thoroughbred Breeders Association

990 • Fiscal year 2015 • EIN 23-7264463

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 14, 2016

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

95th percentile

0.62x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

2.60x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Net Margin

64th percentile

9.6%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

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

2015 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

2.3%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-4.1%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,674,878

Up $38,349 (+2.3%) from 2014

Net Assets

Up

$644,306

Up $38,089 (+6.3%) from 2014

Liabilities

Up

$1,030,572

Up $260 (+0.0%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin64th percentile

Revenue

Down

$395,923

Down $16,792 (-4.1%) from 2014

Expenses

Up

$357,834

Up $26,919 (+8.1%) from 2014

Net Income

Down

$38,089

Down $43,711 (-53%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2015

Assets$1,674,878
Liabilities$1,030,572
Net Assets$644,306
Open 2015 Filing

Operations Trend

Revenue Growth22nd 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

2015

Revenue$395,923
Expenses$357,834
Net Income$38,089
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 14, 2016
Return Version
2014v6.0
Gross Receipts
$395,923
Mission and Program Overview

Mission

To promote and improve thoroughbred breeding

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$513,158$510,358▼ $2,800
Accounts Receivable$149,875$151,160▲ $1,285
Investments in Publicly Traded Securities$35,775$35,775→ $0
Land, Buildings, and Equipment, Net$8,484$13,916▲ $5,432
Prepaid Expenses and Deferred Charges$2,434$2,117▼ $317
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$1,636,530$1,674,878▲ $38,348
Other Assets Total$926,804$961,552▲ $34,748
Liabilities
Accounts Payable and Accrued Expenses$1,014,313$1,018,592▲ $4,279
Deferred Revenue$16,000$11,980▼ $4,020
Total Liabilities$1,030,313$1,030,572▲ $259
Net Assets / Fund Balance
Unrestricted Net Assets$606,217$644,306▲ $38,089
Total Net Assets Fund Balance$606,217$644,306▲ $38,089
Total Liabilities and Net Assets / Fund Balance$1,636,530$1,674,878▲ $38,348

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,142$180,537$192,679
Other Land Buildings$1,774$7,780$9,554
Other Assets Org$961,552--
Compensation and Service Providers
Top Officer Pay16th percentile

Board Members and Trustees

NameTitle
Hal WigginsPresident
Alfred Vandeman DVM1st VP
Phil Adams1st VP
Phil Leckinger2nd VP
Beth DealMember
Bill TracyMember
Brent SavageMember
Danny KeeneMember
David StephenMember
Ed FewMember
Henry Witt JrMember
Jerry MooreMember
Jim HarrisMember
John AdgerMember
Keith AsmussenMember
Ken CarsonMember
Stan HuntsingerMember
Terry EoffMember
Tom Bradfield DVMMember
Wes MelcherMember
Fred Taylor JrSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$46,540
Program Service Revenue
$344,915
Investment Income
$50
Other Revenue
$4,418
Change in Net Assets
$38,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,923
Total Revenue per Audited Statements
$395,923
Total Revenue per Form 990
$395,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$180,076
Other Expenses$177,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$97,583
Other Salaries and Wages---$69,497
Insurance---$27,215
Occupancy---$26,861
Fees for Services Legal---$20,580
Office Expenses---$15,995
Payroll Taxes---$12,996
Other Expenses---$8,626
Interest---$6,316
Advertising---$5,031
Fees for Services Other---$4,410
Depreciation Depletion---$4,407
Travel---$4,035
Information Technology---$3,836
All Other Expenses---$2,999
Total Functional Expenses$0$0$0$357,834

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$357,834
Expenses per Audited Statements$357,833
Total Expenses per Audited Statements$357,833
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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
2016-03-14
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
Supplemental Narrative

Financial Statement Notes

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Rounding $1”

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IRS990/Form990PartVIISectionAGrp/PersonNm1Alfred Vandeman DVM
IRS990/Form990PartVIISectionAGrp/PersonNm2Hal Wiggins
IRS990/Form990PartVIISectionAGrp/PersonNm3Henry Witt Jr
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IRS990/Form990PartVIISectionAGrp/PersonNm10Keith Asmussen
IRS990/Form990PartVIISectionAGrp/PersonNm11Tom Bradfield DVM
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,674,878
Liabilities
$1,030,572
Net assets
$644,306
Revenue
$395,923
Expenses
$357,834
Net income
$38,089
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