Civic Intelligence

West Virginia Thoroughbred Breeders Association Inc

EIN 31-1043972 • 501(c)5 • Charles Town, WV

Profile

To foster and promote the Thoroughbred Breeding & Racing industry in West Virginia.

PO Box 626Charles Town, WV 25414

www.wvtba.com

Siviq Scores

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

Liabilities / Assets

91st percentile

0.15x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.17x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

501(c)5 • <$500k nonprofits • Source year 2024

Asset Growth

50th percentile

1.9%

Faster asset growth than 50% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

31%

Faster revenue growth than 90% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$130,750

Up $2,407 (+1.9%) from 2023

Liabilities

Up

$19,458

Up $1,668 (+9.4%) from 2023

Net Assets

Up

$111,292

Up $739 (+0.7%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin42nd percentile

Revenue

Up

$112,861

Up $26,966 (+31%) from 2023

Expenses

Up

$112,122

Up $16,198 (+17%) from 2023

Net Income

Up

$739

Up $10,768 (+107%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$150K$100K$50K$0Assets 2015: $102,649Liabilities 2015: $0Net Assets 2015: $102,6492015Assets 2016: $77,844Liabilities 2016: $0Net Assets 2016: $77,8442016Assets 2017: $83,814Liabilities 2017: $12,600Net Assets 2017: $71,2142017Assets 2018: $91,002Liabilities 2018: $18,850Net Assets 2018: $72,1522018Assets 2019: $92,644Liabilities 2019: $17,725Net Assets 2019: $74,9192019Assets 2020: $80,012Liabilities 2020: $12,175Net Assets 2020: $67,8372020Assets 2021: $125,863Liabilities 2021: $20,135Net Assets 2021: $105,7282021Assets 2022: $138,006Liabilities 2022: $17,424Net Assets 2022: $120,5822022Assets 2023: $128,343Liabilities 2023: $17,790Net Assets 2023: $110,5532023Assets 2024: $130,750Liabilities 2024: $19,458Net Assets 2024: $111,2922024

Highlighted filing

2024

Assets$130,750
Liabilities$19,458
Net Assets$111,292
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$150K$100K$50K$0-$50KRevenue 2015: $128,058Expenses 2015: $136,807Net Income 2015: -$8,7492015Revenue 2016: $103,816Expenses 2016: $128,621Net Income 2016: -$24,8052016Revenue 2017: $89,545Expenses 2017: $81,175Net Income 2017: $8,3702017Revenue 2018: $77,849Expenses 2018: $76,911Net Income 2018: $9382018Revenue 2019: $65,864Expenses 2019: $61,297Net Income 2019: $4,5672019Revenue 2020: $48,353Expenses 2020: $55,435Net Income 2020: -$7,0822020Revenue 2021: $105,653Expenses 2021: $67,762Net Income 2021: $37,8912021Revenue 2022: $87,937Expenses 2022: $73,083Net Income 2022: $14,8542022Revenue 2023: $85,895Expenses 2023: $95,924Net Income 2023: -$10,0292023Revenue 2024: $112,861Expenses 2024: $112,122Net Income 2024: $7392024

Highlighted filing

2024

Revenue$112,861
Expenses$112,122
Net Income$739
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$130,750
Liabilities
$19,458
Net assets
$111,292
Revenue
$112,861
Expenses
$112,122
Net income
$739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.31$0.19$1.11$1.13$1.12$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.18$1.11$0.86$0.96$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.17$1.21$0.88$0.73$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.20$1.06$1.06$0.68$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.12$0.68$0.48$0.55$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.18$0.75$0.66$0.61$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.19$0.72$0.78$0.77$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.13$0.71$0.90$0.81$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$1.04$1.29$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$1.28$1.37$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$112,861
Mission and Program Overview

Mission

To foster and promote the Thoroughbred Breeding & Racing industry in West Virginia.

Foster & promote thoroughbred breeding

Program Services

DescriptionGrantsExpenses
WE PROVIDE OVERSIGHT & REGISTRATIONS FOR WV THOROUGHBRED BREEDING. WE PROMOTE & MAINTAIN THE INTEGRITY OF WV BREEDERS PROGRAMS TO BENEFIT THE STATE ECONOMY & THE PUBLIC.-$0
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELIZABETH MEEHANDirector-$0--
LESLIE CROMERDirector-$0--
JOHN FUNKHOUSERDirector-$0--
TIM COLLINSDirector-$0--
KAREN FREERDirector-$0--
CYNTHIA MCKEEPresident-$0--
NICOLE BROWNTreasurer-$0--
MARY SELLVice President-$0--
JUDITH GRAMSSecretary-$0--
DAVID WALTERSDirector-$0--
Political and Lobbying Activity
In-house lobbying only
No
Filing and Contact Details

Filer

Filer Name
West Virginia Thoroughbred Breeders Association in
EIN
31-1043972
In Care Of
% CYNTHIA MCKEE
Phone
3047286868
Address
PO BOX 626, CHARLES TOWN, WV 25414

Signing Officer

Name
Cynthia Mckee
Title
President
Phone
3047286868
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Darnell & Company AC CPAs
Address
59 Ruland Rd Ste F, Kearneysville, WV 25430
Preparer
David E Darnell
Phone
3047255712
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountmiscellaneous 1,784awards dinner 25,778horse show 9,042”

Description of other expenses Part I line 16

“Description amountnewsletters - social media 645payroll processing fees 570sponsor of wvbc race 5,000trophies & plaques 6,326donations 8,114annual dinner 8,654mid-atlantic subscriptions 2,556payroll taxes 1,994liability insurance 5,158registration fee 6,425dues and subscriptions 1,006horse show expenses 6,129gifts & flowers 383computer and website 3,592license 77advertising 764”

Description of total liabilities Part II line 26

“Category beginning of year end of yearfuturity 2025-2027 17,100 18,425bct visa 266 738payroll tax w/h 424 295”

Raw XML Appendix157 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0NICOLE BROWN
IRS990EZ/BooksInCareOfDetail/PhoneNum03047251040
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 626
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHARLES TOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WV
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd025414
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0128343
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0130750
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0739
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt024260
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0128343
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0130750
IRS990EZ/GrossReceiptsAmt0112861
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06882
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt069375
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0110553
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0111292
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0110553
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0111292
IRS990EZ/OccupancyRentUtltsAndMaintAmt04232
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt52.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt62.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt72.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt82.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ELIZABETH MEEHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LESLIE CROMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOHN FUNKHOUSER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TIM COLLINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KAREN FREER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CYNTHIA MCKEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6NICOLE BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MARY SELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JUDITH GRAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9DAVID WALTERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt057393
IRS990EZ/OtherRevenueTotalAmt036604
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FOSTER & PROMOTE THOROUGHBRED BREEDING
IRS990EZ/PrintingPublicationsPostageAmt03241
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WE PROVIDE OVERSIGHT & REGISTRATIONS FOR WV THOROUGHBRED BREEDING. WE PROMOTE & MAINTAIN THE INTEGRITY OF WV BREEDERS PROGRAMS TO BENEFIT THE STATE ECONOMY & THE PUBLIC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt022996
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt017790
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt019458
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0112122
IRS990EZ/TotalRevenueAmt0112861
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.WVTBA.NET
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTMISCELLANEOUS 1,784AWARDS DINNER 25,778HORSE SHOW 9,042
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTNEWSLETTERS - SOCIAL MEDIA 645PAYROLL PROCESSING FEES 570SPONSOR OF WVBC RACE 5,000TROPHIES & PLAQUES 6,326DONATIONS 8,114ANNUAL DINNER 8,654MID-ATLANTIC SUBSCRIPTIONS 2,556PAYROLL TAXES 1,994LIABILITY INSURANCE 5,158REGISTRATION FEE 6,425DUES AND SUBSCRIPTIONS 1,006HORSE SHOW EXPENSES 6,129GIFTS & FLOWERS 383COMPUTER AND WEBSITE 3,592LICENSE 77ADVERTISING 764
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARFUTURITY 2025-2027 17,100 18,425BCT VISA 266 738PAYROLL TAX W/H 424 295
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CYNTHIA MCKEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03047286868
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST VIRGINIA THOROUGHBRED BREEDERS ASSOCIATION IN
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0311043972
ReturnHeader/Filer/InCareOfNm0% CYNTHIA MCKEE
ReturnHeader/Filer/PhoneNum03047286868
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 626
ReturnHeader/Filer/USAddress/CityNm0CHARLES TOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261620687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Darnell & Company AC CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 Ruland Rd Ste F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kearneysville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd025430
ReturnHeader/PreparerPersonGrp/PhoneNum03047255712
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID E DARNELL
ReturnHeader/ReturnTs02025-05-14T15:38:43-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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