Civic Intelligence

Illinois Thoroughbred Horsemen'S

EIN 36-3835804 • 501(c)6 • North Riverside, IL

Profile

To promote the sport of thoroughbred racing, improve working conditions for horsemen and their employees, and represent the interests of horse owners and trainers who race thoroughbred horses in illinois.

7301 West 25th StreetNorth Riverside, IL 60546

itharacing.com

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

28%

Higher net margin than 90% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

47%

Faster asset growth than 94% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

67%

Faster revenue growth than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,465,581

Down $39,313 (-2.6%) from 2023

Liabilities

Down

$0

Down $11,178 (-100%) from 2023

Net Assets

Down

$1,465,581

Down $28,135 (-1.9%) from 2023

Revenue

Down

$1,087,722

Down $153,649 (-12%) from 2023

Expenses

Down

$1,116,275

Down $375,797 (-25%) from 2023

Net Income

Up

-$28,553

Up $222,148 (+89%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $377,800Liabilities 2010: $43,666Net Assets 2010: $334,1342010Assets 2011: $462,777Liabilities 2011: $20,679Net Assets 2011: $442,0982011Assets 2012: $780,487Liabilities 2012: $6,896Net Assets 2012: $773,5912012Assets 2013: $945,484Liabilities 2013: $0Net Assets 2013: $945,4842013Assets 2014: $1,155,092Liabilities 2014: $193Net Assets 2014: $1,154,8992014Assets 2015: $855,943Liabilities 2015: $1,189Net Assets 2015: $854,7542015Assets 2016: $699,004Liabilities 2016: $4,859Net Assets 2016: $694,1452016Assets 2017: $1,041,215Liabilities 2017: $5,011Net Assets 2017: $1,036,2042017Assets 2018: $1,164,739Liabilities 2018: $10,073Net Assets 2018: $1,154,6662018Assets 2019: $1,314,020Liabilities 2019: $5,439Net Assets 2019: $1,308,5812019Assets 2020: $1,150,771Liabilities 2020: $6,045Net Assets 2020: $1,144,7262020Assets 2021: $1,183,696Liabilities 2021: $12,528Net Assets 2021: $1,171,1682021Assets 2022: $1,740,146Liabilities 2022: $9,099Net Assets 2022: $1,731,0472022Assets 2023: $1,504,894Liabilities 2023: $11,178Net Assets 2023: $1,493,7162023Assets 2024: $1,465,581Liabilities 2024: $0Net Assets 2024: $1,465,5812024

Highlighted filing

2024

Assets$1,465,581
Liabilities$0
Net Assets$1,465,581

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $832,0302010Expenses 2011: $997,0362011Expenses 2012: $828,5092012Revenue 2013: $1,382,657Expenses 2013: $1,210,295Net Income 2013: $172,3622013Revenue 2014: $1,280,194Expenses 2014: $1,070,535Net Income 2014: $209,6592014Revenue 2015: $709,123Expenses 2015: $1,010,025Net Income 2015: -$300,9022015Revenue 2016: $1,096,643Expenses 2016: $1,257,252Net Income 2016: -$160,6092016Revenue 2017: $1,364,176Expenses 2017: $1,022,493Net Income 2017: $341,6832017Revenue 2018: $1,212,832Expenses 2018: $1,093,891Net Income 2018: $118,9412018Revenue 2019: $1,211,337Expenses 2019: $1,057,671Net Income 2019: $153,6662019Revenue 2020: $1,180,618Expenses 2020: $1,344,442Net Income 2020: -$163,8242020Revenue 2021: $1,182,459Expenses 2021: $1,155,666Net Income 2021: $26,7932021Revenue 2022: $1,980,355Expenses 2022: $1,420,099Net Income 2022: $560,2562022Revenue 2023: $1,241,371Expenses 2023: $1,492,072Net Income 2023: -$250,7012023Revenue 2024: $1,087,722Expenses 2024: $1,116,275Net Income 2024: -$28,5532024

Highlighted filing

2024

Revenue$1,087,722
Expenses$1,116,275
Net Income-$28,553

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$1.09$1.12$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.01$1.49$1.24$1.49$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.01$1.73$1.98$1.42$0.56
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$1.18$1.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$1.18$1.34$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.01$1.31$1.21$1.06$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$1.21$1.09$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.04$1.36$1.02$0.34
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.69$1.10$1.26$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.85$0.71$1.01$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.15$1.28$1.07$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$1.38$1.21$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.01$0.77$0.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.02$0.44$1.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.04$0.33$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 28, 2025
Return Version
2024v5.0
Gross Receipts
$1,736,683
Mission and Program Overview

Mission

To promote the sport of thoroughbred racing, improve working conditions for horsemen and their employees, and represent the interests of horse owners and trainers who race thoroughbred horses in illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,493,716$1,465,581▼ $28,135
Investments in Publicly Traded Securities$1,256,997$1,104,558▼ $152,439
Cash and Non-Interest-Bearing Accounts$211,111$325,975▲ $114,864
Land, Buildings, and Equipment, Net$36,514$34,228▼ $2,286
Other Notes and Loans Receivable, Net$272$820▲ $548
Total Assets$1,504,894$1,465,581▼ $39,313
Liabilities
Other Liabilities$11,178--
Total Liabilities$11,178$0▼ $11,178
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,493,716$1,465,581▼ $28,135
Total Liabilities and Net Assets / Fund Balance$1,504,894$1,465,581▼ $39,313

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,228$208,804$243,032
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David MccaffreyExecutive DiFT$166,670$23,625$190,295
David MccaffreyExecutive Director-$166,670$23,625$190,295
Chris BlockPresidentPT$53,000$13,070$66,070

Board Members and Trustees

NameTitle
Anthony MitchellDirector
Michael J LangdonDirector
Mitchell GoldfineDirector
Patti MillerDirector
Rick JohnsonDirector
Steve HollandDirector
Terry YoungDirector
Tom SwearingenDirector
Marty NixonVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Morrill & Fiedler LLC-433 W EDWARDS STREET, Springfield, IL 62704$102,000
Revenue and Support

Revenue Composition

Contributions and Grants
$21,720
Program Service Revenue
$1,002,840
Investment Income
$63,162
Other Revenue
$0
Change in Net Assets
$-28,553

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,085,297
Revenue Not Reported on Financial Statements
$2,425
Revenue Not Reported on Form 990
$418
Total Revenue per Audited Statements
$1,085,715
Total Revenue per Form 990
$1,087,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$575,104
Salaries, Compensation, and Employee Benefits$433,671
Grants and Similar Amounts Paid$107,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$219,670
Other Salaries and Wages---$165,549
Grants to Domestic Orgs---$107,500
Fees for Services Lobbying---$102,614
Insurance---$59,766
Fees for Services Other---$52,358
All Other Expenses---$35,906
Fees for Services Accounting---$31,914
Office Expenses---$30,081
Payroll Taxes---$29,931
Other Expenses---$27,250
Pension Plan Contributions---$18,521
Travel---$16,113
Fees for Services Legal---$11,130
Depreciation Depletion---$9,939
Conferences and Meetings---$9,291
Advertising---$8,452
Fees for Service Investment Mgmnt Fees---$2,425
Total Functional Expenses$0$0$0$1,116,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,116,275
Expenses per Audited Statements$1,113,850
Total Expenses per Audited Statements$1,113,850
Expenses Not Reported on Financial Statements$2,425
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Illinois Backstretch Charitable FouNorth Riverside, IL501 C4Benevolence$100,000
Illinois Thoroughbred Horsemens BenNorth Riverside, IL501 C4Benevolence$7,500
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

YES.

Form 990, Page 6, Part VI, Line 7A

The members elect the board of directors annually.

Form 990, Page 6, Part VI, Line 11B

The organization's independent cpa reviews the form 990 with the president and executive director. The president then presents the form 990 to the board for review and discussion.

Form 990, Page 6, Part VI, Line 12C

The president and executive director will monitor transactions for conflicts of interest and disclose them to the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. The president and executive director shall make the disclosures required by the policy to the board of directors.

Form 990, Page 6, Part VI, Line 15A

The executive committee, which are independent persons, contemporaneously reviews and discusses comparable compensation data of like kind positions within and outside of the industry.

Form 990, Page 6, Part VI, Line 15B

Salaries of comparable positions are researched to ensure adequate compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request at the organization's office for review.

Filing and Contact Details

Filer

Filer Name
ILLINOIS THOROUGHBRED HORSEMEN'S
EIN
36-3835804
Phone
7086522201
Address
7301 WEST 25TH STREET, NORTH RIVERSIDE, IL 60546

Signing Officer

Name
David Mccaffrey
Title
Executive Director
Phone
7086522201
Signed
2025-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Mccaffrey
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
9

Preparer

Firm
Gegorek & Company Pa
Address
136 HEATHER DR, QUEENSTOWN, MD 21658-1194
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To fund program expenses of related organizations.

Raw XML AppendixShowing 400 of 462 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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FUND PROGRAM EXPENSES OF RELATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S INDEPENDENT CPA REVIEWS THE FORM 990 WITH THE PRESIDENT AND EXECUTIVE DIRECTOR. THE PRESIDENT THEN PRESENTS THE FORM 990 TO THE BOARD FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT AND EXECUTIVE DIRECTOR WILL MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. THE PRESIDENT AND EXECUTIVE DIRECTOR SHALL MAKE THE DISCLOSURES REQUIRED BY THE POLICY TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE, WHICH ARE INDEPENDENT PERSONS, CONTEMPORANEOUSLY REVIEWS AND DISCUSSES COMPARABLE COMPENSATION DATA OF LIKE KIND POSITIONS WITHIN AND OUTSIDE OF THE INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARIES OF COMPARABLE POSITIONS ARE RESEARCHED TO ENSURE ADEQUATE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GALLOPING OUT
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