Civic Intelligence

Virginia Harness Horse Association

990 • Fiscal year 2018 • EIN 54-1762821

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 28, 2019

PO Box 1603Saluda, VA 23149

(757) 876-3374

Siviq Scores

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

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-11%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

89th percentile

25%

Faster revenue growth than 89% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$848,717

Down $132,385 (-13%) from 2017

Net Assets

Down

$810,650

Down $127,211 (-14%) from 2017

Liabilities

Down

$38,067

Down $5,174 (-12%) from 2017

Revenue

Up

$1,109,901

Up $221,744 (+25%) from 2017

Expenses

Up

$1,237,112

Up $124,832 (+11%) from 2017

Net Income

Up

-$127,211

Up $96,912 (+43%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $899,982Liabilities 2011: $3,514Net Assets 2011: $896,4682011Assets 2012: $945,863Liabilities 2012: $8,184Net Assets 2012: $937,6792012Assets 2013: $1,064,205Liabilities 2013: $7,377Net Assets 2013: $1,056,8282013Assets 2014: $1,444,260Liabilities 2014: $3,004Net Assets 2014: $1,441,2562014Assets 2015: $1,450,492Liabilities 2015: $4,434Net Assets 2015: $1,446,0582015Assets 2016: $1,176,032Liabilities 2016: $14,048Net Assets 2016: $1,161,9842016Assets 2017: $981,102Liabilities 2017: $43,241Net Assets 2017: $937,8612017Assets 2018: $848,717Liabilities 2018: $38,067Net Assets 2018: $810,6502018Assets 2019: $750,221Liabilities 2019: $51,609Net Assets 2019: $698,6122019Assets 2020: $869,288Liabilities 2020: $68,969Net Assets 2020: $800,3192020Assets 2021: $1,048,173Liabilities 2021: $243,158Net Assets 2021: $805,0152021Assets 2022: $3,012,066Liabilities 2022: $547,041Net Assets 2022: $2,465,0252022Assets 2023: $5,382,164Liabilities 2023: $765,693Net Assets 2023: $4,616,4712023Assets 2024: $6,375,428Liabilities 2024: $862,144Net Assets 2024: $5,513,2842024

Highlighted filing

2018

Assets$848,717
Liabilities$38,067
Net Assets$810,650

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $601,386Expenses 2011: $322,529Net Income 2011: $278,8572011Revenue 2012: $623,048Expenses 2012: $581,837Net Income 2012: $41,2112012Revenue 2013: $643,837Expenses 2013: $524,688Net Income 2013: $119,1492013Revenue 2014: $831,569Expenses 2014: $447,141Net Income 2014: $384,4282014Revenue 2015: $656,479Expenses 2015: $651,677Net Income 2015: $4,8022015Revenue 2016: $645,098Expenses 2016: $929,172Net Income 2016: -$284,0742016Revenue 2017: $888,157Expenses 2017: $1,112,280Net Income 2017: -$224,1232017Revenue 2018: $1,109,901Expenses 2018: $1,237,112Net Income 2018: -$127,2112018Revenue 2019: $1,238,383Expenses 2019: $1,350,421Net Income 2019: -$112,0382019Revenue 2020: $1,178,646Expenses 2020: $1,076,940Net Income 2020: $101,7062020Revenue 2021: $1,459,265Expenses 2021: $1,454,569Net Income 2021: $4,6962021Revenue 2022: $2,940,973Expenses 2022: $1,280,965Net Income 2022: $1,660,0082022Revenue 2023: $3,465,440Expenses 2023: $1,313,995Net Income 2023: $2,151,4452023Revenue 2024: $3,437,622Expenses 2024: $2,540,809Net Income 2024: $896,8132024

Highlighted filing

2018

Revenue$1,109,901
Expenses$1,237,112
Net Income-$127,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 28, 2019
Return Version
2018v3.1
Gross Receipts
$1,109,901
Mission and Program Overview

Mission

The association promotes the harness racing industry in virginia by promoting harness racing in virginia, and by promoting the breeding of virginia-bred standardbreds.

The association promotes the harness racing industry on virginia by promoting harness racing in virginia, and by promoting the breeding of virginia-bred standardbreds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$937,861$810,650▼ $127,211
Cash and Non-Interest-Bearing Accounts$712,862$761,297▲ $48,435
Other Notes and Loans Receivable, Net$150,500$0▼ $150,500
Accounts Receivable$42,325$47,974▲ $5,649
Savings and Temporary Cash Investments$66,330$31,868▼ $34,462
Prepaid Expenses and Deferred Charges$5,085$5,078▼ $7
Land, Buildings, and Equipment, Net$4,000$2,500▼ $1,500
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$981,102$848,717▼ $132,385
Liabilities
Accounts Payable and Accrued Expenses$43,241$38,067▼ $5,174
Total Liabilities$43,241$38,067▼ $5,174
Net Assets / Fund Balance
Total Net Assets Fund Balance$937,861$810,650▼ $127,211
Total Liabilities and Net Assets / Fund Balance$981,102$848,717▼ $132,385

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,500$5,000$7,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott D WoogenPresident
Greg TrottoVice President
Ann McdonaldDirector
Betsy BrownDirector
Charles RobbineDirector
Jan NofsingerDirector
Randy JacksonDirector
Tyler SheehanDirector
Wilma FoleyDirector
Debbie WarnickExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$49,700
Program Service Revenue
$1,054,411
Investment Income
$5,790
Other Revenue
$0
All Other Contributions
$49,700
Change in Net Assets
$-127,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,202,684
Salaries, Compensation, and Employee Benefits$34,428
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$33,600
Fees for Services Lobbying---$31,335
Fees for Services Other---$15,210
Insurance---$6,778
Office Expenses---$6,479
Other Expenses---$5,131
Travel---$4,958
Advertising---$4,177
Fees for Services Accounting---$3,800
Depreciation Depletion---$1,500
Payroll Taxes---$828
Total Functional Expenses$0$0$0$1,237,112
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
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Part VI, Section A, Line 6

The organization has members that are part of the board of directors.

Form 990, Part VI, Section B, Line 11B

The return is reviewed by the board before submission to the irs.

Form 990, Part VI, Section B, Line 12C

The association's secretary regularly monitors and enforces compliance with the conflict of interest policy by having directors disclose their interest as transactions are presented to the board of directors.

Form 990, Part VI, Section B, Line 15

The independent directors of the association reviewed and approved the secretary's compensation. The directors used comparability data and contemoraneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

The association does not make available its governing documents, conflict of interest policy or its finacial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Virginia Harness Horse Association
EIN
54-1762821
Phone
7578763374
Address
PO BOX 1603, SALUDA, VA 23149

Signing Officer

Name
Debbie Warnick
Title
Executive Director
Phone
7578763374
Signed
2019-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Warnick
Formed
1996
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Frank Barcalow CPA Pllc
Address
108 WESTCHESTER, WILLIAMSBURG, VA 23188
Phone
7572206626
Raw XML Appendix374 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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IRS990/ActivityOrMissionDesc0THE ASSOCIATION PROMOTES THE HARNESS RACING INDUSTRY ON VIRGINIA BY PROMOTING HARNESS RACING IN VIRGINIA, AND BY PROMOTING THE BREEDING OF VIRGINIA-BRED STANDARDBREDS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02500
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02500
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBBIE WARNICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS THAT ARE PART OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY THE BOARD BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION'S SECRETARY REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING DIRECTORS DISCLOSE THEIR INTEREST AS TRANSACTIONS ARE PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDEPENDENT DIRECTORS OF THE ASSOCIATION REVIEWED AND APPROVED THE SECRETARY'S COMPENSATION. THE DIRECTORS USED COMPARABILITY DATA AND CONTEMORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION DOES NOT MAKE AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR ITS FINACIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0981102
IRS990/TotalAssetsEOYAmt0848717
IRS990/TotalAssetsGrp/BOYAmt0981102
IRS990/TotalAssetsGrp/EOYAmt0848717
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt049700
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01237112
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043241
IRS990/TotalLiabilitiesEOYAmt038067
IRS990/TotalLiabilitiesGrp/BOYAmt043241
IRS990/TotalLiabilitiesGrp/EOYAmt038067
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0937861
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0810650
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01177713
IRS990/TotalProgramServiceRevenueAmt01054411
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05790
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01054411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01109901
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0981102
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0848717
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04958
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0VA
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.VHHA.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBBIE WARNICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07578763374
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA HARNESS HORSE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0541762821
ReturnHeader/Filer/PhoneNum07578763374
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1603
ReturnHeader/Filer/USAddress/CityNm0SALUDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023149
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A0DA1AD825C228751700371D1768FDFDCE85BE6C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A0DA1AD825C228751700371D1768FDFDCE85BE6C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.89.232.98
ReturnHeader/FilingSecurityInformation/IPDt02019-08-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:26:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455310918
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANK BARCALOW CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0108 WESTCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023188
ReturnHeader/PreparerPersonGrp/PhoneNum07572206626
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-28
ReturnHeader/ReturnTs02019-08-28T12:26:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$0.86$5.51$3.44$2.54$0.90
2023Detailed filing. Detailed filing data is available for this year.$5.38$0.77$4.62$3.47$1.31$2.15
2022Detailed filing. Detailed filing data is available for this year.$3.01$0.55$2.47$2.94$1.28$1.66
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.24$0.81$1.46$1.45$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.07$0.80$1.18$1.08$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.05$0.70$1.24$1.35$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.04$0.81$1.11$1.24$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.04$0.94$0.89$1.11$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.16$0.65$0.93$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.66$0.65$0.00
2014Summary only. Only limited summary data is available for this year.$1.44$0.00$1.44$0.83$0.45$0.38
2013Summary only. Only limited summary data is available for this year.$1.06$0.01$1.06$0.64$0.52$0.12
2012Summary only. Only limited summary data is available for this year.$0.95$0.01$0.94$0.62$0.58$0.04
2011Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.60$0.32$0.28