Civic Intelligence

Thoroughbred Horsemen'S Associationsinc

EIN 52-1924509 • 501(c)6 • Stevenson, MD

Profile

To contribute to the improvement of the thoroughbred horse racing industry.

PO Box 278 10421 Stevenson RoadStevenson, MD 21153

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

20th percentile

-24%

Higher net margin than 20% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$140,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 77.8% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

29th percentile

-17%

Faster asset growth than 29% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$204,870

Down $43,019 (-17%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$204,870

Down $43,019 (-17%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin20th percentile

Revenue

Up

$180,027

Up $17,980 (+11%) from 2023

Expenses

Down

$223,046

Down $5,605 (-2.5%) from 2023

Net Income

Up

-$43,019

Up $23,585 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$400K$300K$200K$100K$0Assets 2011: $34,484Liabilities 2011: $0Net Assets 2011: $34,4842011Assets 2012: $43,463Liabilities 2012: $0Net Assets 2012: $43,4632012Assets 2013: $63,078Liabilities 2013: $0Net Assets 2013: $63,0782013Assets 2014: $73,269Liabilities 2014: $0Net Assets 2014: $73,2692014Assets 2015: $134,180Liabilities 2015: $0Net Assets 2015: $134,1802015Assets 2016: $135,367Liabilities 2016: $0Net Assets 2016: $135,3672016Assets 2017: $94,394Liabilities 2017: $0Net Assets 2017: $94,3942017Assets 2018: $68,823Liabilities 2018: $0Net Assets 2018: $68,8232018Assets 2019: $90,329Liabilities 2019: $0Net Assets 2019: $90,3292019Assets 2020: $123,192Liabilities 2020: $0Net Assets 2020: $123,1922020Assets 2021: $233,634Liabilities 2021: $0Net Assets 2021: $233,6342021Assets 2022: $314,493Liabilities 2022: $0Net Assets 2022: $314,4932022Assets 2023: $247,889Liabilities 2023: $0Net Assets 2023: $247,8892023Assets 2024: $204,870Net Assets 2024: $204,8702024

Highlighted filing

2024

Assets$204,870
Liabilities-
Net Assets$204,870
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $150,609Expenses 2011: $146,796Net Income 2011: $3,8132011Revenue 2012: $181,618Expenses 2012: $172,639Net Income 2012: $8,9792012Revenue 2013: $196,254Expenses 2013: $176,639Net Income 2013: $19,6152013Revenue 2014: $198,072Expenses 2014: $187,881Net Income 2014: $10,1912014Revenue 2015: $400,487Expenses 2015: $339,576Net Income 2015: $60,9112015Revenue 2016: $413,240Expenses 2016: $412,053Net Income 2016: $1,1872016Revenue 2017: $340,174Expenses 2017: $381,147Net Income 2017: -$40,9732017Revenue 2018: $351,623Expenses 2018: $377,194Net Income 2018: -$25,5712018Revenue 2019: $419,435Expenses 2019: $397,929Net Income 2019: $21,5062019Revenue 2020: $413,592Expenses 2020: $380,729Net Income 2020: $32,8632020Revenue 2021: $406,130Expenses 2021: $295,688Net Income 2021: $110,4422021Revenue 2022: $380,425Expenses 2022: $299,566Net Income 2022: $80,8592022Revenue 2023: $162,047Expenses 2023: $228,651Net Income 2023: -$66,6042023Revenue 2024: $180,027Expenses 2024: $223,046Net Income 2024: -$43,0192024

Highlighted filing

2024

Revenue$180,027
Expenses$223,046
Net Income-$43,019
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$204,870
Liabilities
-
Net assets
$204,870
Revenue
$180,027
Expenses
$223,046
Net income
-$43,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.05$2.05$1.80$2.23$0.43
2023Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$1.62$2.29$0.67
2022Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$3.80$3.00$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$4.06$2.96$1.10
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$4.14$3.81$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$4.19$3.98$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$3.52$3.77$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$3.40$3.81$0.41
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$4.13$4.12$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$4.00$3.40$0.61
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$1.98$1.88$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$1.96$1.77$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$1.82$1.73$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$1.51$1.47$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.0
Gross Receipts
$180,027
Mission and Program Overview

Mission

To contribute to the improvement of the thoroughbred horse racing industry.

Relations among state thoroughbred associations

Program Services

DescriptionGrantsExpenses
IMPROVED BUSINESS CONDITIONS FOR THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES. ALSO, IMPROVED RELATIONS AMONG STATE THOROUGHBRED ASSOCIATIONS.--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALAN FOREMANChairmanFT$140,000-$140,000
TINA BONDPresident-$0--
CHRIS BLOCKVice Preside-$0--
DAVID RICHARDSONVice Preside-$0--
BESSIE GRUWELLSecretary-$0--
ANDY BELFIOREDirector-$0--
DAVID MCCAFFREYDirector-$0--
DENNIS DRAZINDirector-$0--
JAMES GALLODirector-$0--
JEFFREY MATTYDirector-$0--
MIKE MUSTODirector-$0--
TIMOTHY RITCHEYDirector-$0--
KATY VOSSDirector-$0--
PAT MCBURNEYDirector-$0--
Filing and Contact Details

Filer

Filer Name
THOROUGHBRED HORSEMEN'S
EIN
52-1924509
Phone
4103568866
Address
PO BOX 278 10421 STEVENSON ROAD, STEVENSON, MD 21153

Signing Officer

Name
Alan Foreman
Title
Chairman
Phone
4103568866
Signed
2025-05-12
Discuss with paid preparer
Yes

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-ez, Part I, Line 16

“Expenses telephone 3,017 website 7,700 travel 36,188 meetings 30,356 insurance 1,312 horsemen's u - edu prog 4,473 total 83,046”

Form 990-ez, Part II, Line 24

“Macbook pro computer 0 1,150 less accumulated depreciation 0 1,150 total 0 0”

Raw XML Appendix138 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/PersonNm0ALAN FOREMAN
IRS990EZ/BooksInCareOfDetail/PhoneNum04103568866
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 278 10421 STEVENSON ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STEVENSON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd021153
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0247889
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0204870
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0180000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-43019
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0140000
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0247889
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0204870
IRS990EZ/GrossReceiptsAmt0180027
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt027
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0247889
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0204870
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0247889
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0204870
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt101.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt111.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt121.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt131.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt0140000
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/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt130
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALAN FOREMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TINA BOND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHRIS BLOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAVID RICHARDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BESSIE GRUWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ANDY BELFIORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAVID MCCAFFREY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DENNIS DRAZIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JAMES GALLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9JEFFREY MATTY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10MIKE MUSTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11TIMOTHY RITCHEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12KATY VOSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13PAT MCBURNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt083046
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RELATIONS AMONG STATE THOROUGHBRED ASSOCIATIONS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IMPROVED BUSINESS CONDITIONS FOR THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES. ALSO, IMPROVED RELATIONS AMONG STATE THOROUGHBRED ASSOCIATIONS.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0223046
IRS990EZ/TotalRevenueAmt0180027
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THARACING.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES TELEPHONE 3,017 WEBSITE 7,700 TRAVEL 36,188 MEETINGS 30,356 INSURANCE 1,312 HORSEMEN'S U - EDU PROG 4,473 TOTAL 83,046
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MACBOOK PRO COMPUTER 0 1,150 LESS ACCUMULATED DEPRECIATION 0 1,150 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN FOREMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04103568866
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOROUGHBRED HORSEMEN'S
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0THOR
ReturnHeader/Filer/EIN0521924509
ReturnHeader/Filer/PhoneNum04103568866
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 278 10421 STEVENSON ROAD
ReturnHeader/Filer/USAddress/CityNm0STEVENSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021153
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262884272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEGOREK & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0136 HEATHER DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUEENSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216581194
ReturnHeader/PreparerPersonGrp/PhoneNum04108234040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG S GEGOREK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-12T08:33:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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