Civic Intelligence

Nappanee Raceway Inc

990EZ • Fiscal year 2024 • EIN 35-1459725

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 18, 2025

Organization ProfileN/A
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

0.01x

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.02x

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

7.1%

Faster revenue growth than 58% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$105,260

Up $9,898 (+10%) from 2023

Net Assets

Up

$103,740

Up $9,937 (+11%) from 2023

Liabilities

Down

$1,520

Down $39 (-2.5%) from 2023

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin75th percentile

Revenue

Up

$67,867

Up $4,494 (+7.1%) from 2023

Expenses

Down

$57,930

Down $4,404 (-7.1%) from 2023

Net Income

Up

$9,937

Up $8,898 (+856%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2024

Assets$105,260
Liabilities$1,520
Net Assets$103,740
Open 2024 Filing

Operations Trend

Revenue Growth58th 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

2024

Revenue$67,867
Expenses$57,930
Net Income$9,937
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 18, 2025
Return Version
2024v5.0
Gross Receipts
$149,224
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 Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICARD 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$91,484$91,484-$91,484
Total Events$91,484$91,484$59,075$32,409
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 J Hochstetler
Title
Treasurer
Phone
5745369302
Signed
2025-02-18
Discuss with paid preparer
Yes

Preparer

Firm
Cornerstone Financial Solutions
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 1,400”

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

“STALL RENT 4,775”

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

“OTHER RENT 7,550”

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

“Depreciation 12,600”

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

“ADVERTISING 356”

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

“ANNOUNCING FEES 850”

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

“TRACTOR EXPENSE 2,460”

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

“INSURANCE EXPENSE 742”

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

“MEMBERSHIP FEES 30”

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

“OFFICE SUPPLIES 689”

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

“Repairs maintenance 5,822”

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

“SUPPLIES 11,516”

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

“CONTRACT LABOR 1,000”

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

“FUEL EXPENSE 1,851”

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

“MISCELLANEOUS EXP 5,436”

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

“JUDGES FEES 1,600”

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

“ACCURAL TO CASH ADJUSTMENT Beginning of year 1,559, End of year 1,520”

Raw XML Appendix152 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/BOYAmt0562
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010460
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt022282
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt09937
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01266
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt095362
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0105260
IRS990EZ/FundraisingGrossIncomeAmt091484
IRS990EZ/GrossProfitLossSlsOfInvntryAmt021123
IRS990EZ/GrossReceiptsAmt0149224
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt043405
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt094800
IRS990EZ/LandAndBuildingsGrp/EOYAmt094800
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0610
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt093803
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0103740
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt093803
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0103740
IRS990EZ/OccupancyRentUtltsAndMaintAmt011712
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/PersonNm0RICARD 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/OtherExpensesTotalAmt044952
IRS990EZ/OtherRevenueTotalAmt013725
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/SpecialEventsDirectExpensesAmt059075
IRS990EZ/SpecialEventsNetIncomeLossAmt032409
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01559
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01520
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt057930
IRS990EZ/TotalRevenueAmt067867
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt059075
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt059075
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt059075
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HORSE RACING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt091484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt091484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt091484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt091484
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032409
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAMPER RENT 1,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STALL RENT 4,775
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER RENT 7,550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation 12,600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADVERTISING 356
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNOUNCING FEES 850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRACTOR EXPENSE 2,460
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INSURANCE EXPENSE 742
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MEMBERSHIP FEES 30
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OFFICE SUPPLIES 689
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10REPAIRS MAINTENANCE 5,822
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11SUPPLIES 11,516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12CONTRACT LABOR 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FUEL EXPENSE 1,851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14MISCELLANEOUS EXP 5,436
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15JUDGES FEES 1,600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ACCURAL TO CASH ADJUSTMENT Beginning of year 1,559, End of year 1,520
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 8, Other Revenue
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
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAVERN J HOCHSTETLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05745369302
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-18
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 S MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOSHEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046526
ReturnHeader/PreparerPersonGrp/PhoneNum05745379500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH L MILLER CPA
ReturnHeader/ReturnTs02025-02-18T03:00:47-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$105,260
Liabilities
$1,520
Net assets
$103,740
Revenue
$67,867
Expenses
$57,930
Net income
$9,937
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