Civic Intelligence

Nappanee Raceway Inc

990EZ • Fiscal year 2023 • EIN 35-1459725

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 08, 2024

Organization ProfileNONE
24332 US Highway 6Nappanee, IN 46550

(574) 536-9302

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

48th percentile

1.6%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.6%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$95,362

Up $562 (+0.6%) from 2022

Net Assets

Up

$93,803

Up $1,039 (+1.1%) from 2022

Liabilities

Down

$1,559

Down $477 (-23%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin48th percentile

Revenue

Up

$63,373

Up $10,872 (+21%) from 2022

Expenses

Up

$62,334

Up $630 (+1.0%) from 2022

Net Income

Up

$1,039

Up $10,242 (+111%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$150K$100K$50K$0Assets 2014: $108,617Net Assets 2014: $108,6172014Assets 2015: $109,407Net Assets 2015: $109,4072015Assets 2016: $119,732Net Assets 2016: $119,7322016Assets 2017: $118,681Net Assets 2017: $118,6812017Assets 2018: $120,248Net Assets 2018: $120,2482018Assets 2019: $121,232Net Assets 2019: $121,2322019Assets 2020: $115,745Net Assets 2020: $115,7452020Assets 2021: $101,967Net Assets 2021: $101,9672021Assets 2022: $94,800Liabilities 2022: $2,036Net Assets 2022: $92,7642022Assets 2023: $95,362Liabilities 2023: $1,559Net Assets 2023: $93,8032023Assets 2024: $105,260Liabilities 2024: $1,520Net Assets 2024: $103,7402024

Highlighted filing

2023

Assets$95,362
Liabilities$1,559
Net Assets$93,803
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

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

$100K$50K$0-$50KRevenue 2014: $23,021Expenses 2014: $22,767Net Income 2014: $2542014Revenue 2015: $27,974Expenses 2015: $27,184Net Income 2015: $7902015Revenue 2016: $27,050Expenses 2016: $16,725Net Income 2016: $10,3252016Revenue 2017: $29,240Expenses 2017: $30,291Net Income 2017: -$1,0512017Revenue 2018: $25,957Expenses 2018: $24,390Net Income 2018: $1,5672018Revenue 2019: $9,877Expenses 2019: $8,893Net Income 2019: $9842019Revenue 2020: $64,237Expenses 2020: $69,724Net Income 2020: -$5,4872020Revenue 2021: $39,964Expenses 2021: $53,742Net Income 2021: -$13,7782021Revenue 2022: $52,501Expenses 2022: $61,704Net Income 2022: -$9,2032022Revenue 2023: $63,373Expenses 2023: $62,334Net Income 2023: $1,0392023Revenue 2024: $67,867Expenses 2024: $57,930Net Income 2024: $9,9372024

Highlighted filing

2023

Revenue$63,373
Expenses$62,334
Net Income$1,039
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 8, 2024
Return Version
2023v4.0
Gross Receipts
$117,265
Mission and Program Overview

Mission

Recreational facilities provided for amateur horse racing

Recreational amateur horse racing standardbred horses

Program Services

DescriptionGrantsExpenses
RECREATIONAL FACILITIES PROVIDED FOR AMATEUR HORSE RACING--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD L STUTZMANPresident-$0--
SUSIE E MILLERSecretary-$0--
LAVERN J HOCHSTETLERTreasurer-$0--
ALAN E EARLCo-Treasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Horse Racing$74,286$74,286-$74,286
Total Events$74,286$74,286$37,645$36,641
Filing and Contact Details

Filer

Filer Name
Nappanee Raceway Inc
EIN
35-1459725
Phone
5745369302
Address
24332 US HIGHWAY 6, NAPPANEE, IN 46550

Signing Officer

Name
Lavern Hochstetler
Title
Treasurer
Phone
5745369302
Signed
2024-02-08
Discuss with paid preparer
Yes

Preparer

Firm
Cornerstone Financial Solutions LLC
Address
104 S MAIN ST, GOSHEN, IN 46526
Preparer
Kenneth L Miller CPA
Phone
5745379500
Supplemental Narrative

Additional Explanations

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

“CAMPER RENT 400”

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

“STALL RENT 3,750”

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

“ADVERTISING 566”

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

“ANNOUNCING FEES 900”

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

“INSURANCE EXPENSE 2,130”

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

“MEMBERSHIP FEES 120”

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

“OFFICE SUPPLIES 402”

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

“Repairs maintenance 13,283”

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

“SUPPLIES 16,139”

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

“PROPERTY TAXES 4,663”

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

“UTILITIES EXPENSE 2,365”

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

“FUEL EXPENSE 95”

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

“ICE CREAM MACHINE 4,040”

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

“MISCELLANEOUS EXP 7,749”

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

“TRACTOR RENT 900”

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

“Sales tax paid on food sales 992”

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

“ACCURAL TO CASH ADJUSTMENT Beginning of year 1,689, End of year 1,559”

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

“CHECKBOOK BALANCE Beginning of year 347, End of year 0”

Raw XML Appendix156 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/PersonNm0LAVERN HOCHSTETLER
IRS990EZ/BooksInCareOfDetail/PhoneNum05745369302
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt054271 COUNTY RD 39
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIDDLEBURY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd046540
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0562
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt016247
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01039
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07990
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt094800
IRS990EZ/Form990TotalAssetsGrp/EOYAmt095362
IRS990EZ/FundraisingGrossIncomeAmt074286
IRS990EZ/GrossProfitLossSlsOfInvntryAmt022012
IRS990EZ/GrossReceiptsAmt0117265
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt038259
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt094800
IRS990EZ/LandAndBuildingsGrp/EOYAmt094800
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0570
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt092764
IRS990EZ/NetAssetsOrFundBalancesEOYAmt093803
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt092764
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt093803
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0002.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD L STUTZMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUSIE E MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LAVERN J HOCHSTETLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ALAN E EARL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CO-TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt054344
IRS990EZ/OtherRevenueTotalAmt04150
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RECREATIONAL AMATEUR HORSE RACING STANDARDBRED HORSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RECREATIONAL FACILITIES PROVIDED FOR AMATEUR HORSE RACING
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt037645
IRS990EZ/SpecialEventsNetIncomeLossAmt036641
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02036
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01559
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt062334
IRS990EZ/TotalRevenueAmt063373
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NONE
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt037645
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt037645
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037645
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HORSE RACING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt074286
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt074286
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt074286
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt074286
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt036641
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAMPER RENT 400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STALL RENT 3,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADVERTISING 566
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNOUNCING FEES 900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE EXPENSE 2,130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP FEES 120
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICE SUPPLIES 402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REPAIRS MAINTENANCE 13,283
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SUPPLIES 16,139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PROPERTY TAXES 4,663
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10UTILITIES EXPENSE 2,365
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11FUEL EXPENSE 95
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ICE CREAM MACHINE 4,040
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13MISCELLANEOUS EXP 7,749
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TRACTOR RENT 900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SALES TAX PAID ON FOOD SALES 992
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ACCURAL TO CASH ADJUSTMENT Beginning of year 1,689, End of year 1,559
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17CHECKBOOK BALANCE Beginning of year 347, End of year 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8, Other Revenue
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 I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAVERN HOCHSTETLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05745369302
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NAPPANEE RACEWAY INC
ReturnHeader/Filer/BusinessNameControlTxt0NAPP
ReturnHeader/Filer/EIN0351459725
ReturnHeader/Filer/PhoneNum05745369302
ReturnHeader/Filer/USAddress/AddressLine1Txt024332 US HIGHWAY 6
ReturnHeader/Filer/USAddress/CityNm0NAPPANEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200070423
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORNERSTONE FINANCIAL SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 S MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOSHEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046526
ReturnHeader/PreparerPersonGrp/PhoneNum05745379500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH L MILLER CPA
ReturnHeader/ReturnTs02024-02-08T05:25:26-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAVERN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOCHSTETLER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,362
Liabilities
$1,559
Net assets
$93,803
Revenue
$63,373
Expenses
$62,334
Net income
$1,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.04$0.68$0.58$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.94$0.63$0.62$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$0.53$0.62$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.02$1.02$0.40$0.54$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.16$0.64$0.70$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.21$1.21$0.10$0.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.26$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.19$0.29$0.30$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.27$0.17$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.28$0.27$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.23$0.23$0.00