Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Texas Horsemens Assistance Fund
EIN 74-2731055 • 501(c)3 • Elgin, TX
Profile
This organization was formed to promote social welfare and create social improvement in certain areas of the State of Texas. The organization was created for that purpose by the horse racing industry operating in Texas after it was determined that benevolent assistance should be provided to a certain segment of that industry. It was therefore agreed to by the Texas Racing Commission, an agency of the State of Texas, and by each licensed racetrack in the state, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each trach and the surrounding community. This improvement is to be accomplished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health i
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
80th percentile
Higher net margin than 80% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
67th percentile
Faster revenue growth than 67% of similar nonprofits.
Balance Sheet
Assets
Up$438,387
Up $38,260 (+9.6%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$438,387
Up $38,260 (+9.6%) from 2023
Revenue
Up$138,549
Up $17,045 (+14%) from 2023
Expenses
Down$100,289
Down $7,755 (-7.2%) from 2023
Net Income
Up$38,260
Up $24,800 (+184%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $438,387
- Liabilities
- -
- Net assets
- $438,387
- Revenue
- $138,549
- Expenses
- $100,289
- Net income
- $38,260
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $138,549
Mission and Program Overview
Mission
This organization was formed to promote social welfare and create social improvement in certain areas of the state of texas. The organization was created for that purpose by the horse racing industry operating in texas after it was determined that benevolent assistance should be provided to a certain segment of that industry. It was therefore agreed to by the texas racing commission, an agency of the state of texas, and by each licensed racetrack in the state, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each track and the surrounding community. This improvment is to be accomplished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health in
This organization was formed to promote social welfare and create social improvement in certain areas of the State of Texas. The organization was created for that purpose by the horse racing industry operating in Texas after it was determined that benevolent assistance should be provided to a certain segment of that industry. It was therefore agreed to by the Texas Racing Commission, an agency of the State of Texas, and by each licensed racetrack in the state, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each trach and the surrounding community. This improvement is to be accomplished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health i
Program Services
| Description | Grants | Expenses |
|---|---|---|
| It was agreed to by the Texas Racing Commission, an agency of the State of Texas, and by each licensed racetrack in the State, that an amount of money equal to 1% of all purse moneys earned would be contributed to this organization. The funds are to be used to bring about social improvement at each track and the surrounding community. This improvement is to be accompolished by the payment of benevolent assistance to a certain class of people as further discussed. The need for benevolent assistance is a result of the large number of indigent and poor people that are associated with the horse racing industry. Most are paid minimal wages and have no health insurance or other benefits. Many are transient and thus have no permanent home or shelter. Drug and alcohol use is prevalent, but these are the people that are essential to the operations of horse racing events. | - | $100,289 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Dr Tommy Hays | Director | - | $0 | - | - |
| Marsha Rountree | Chairman | PT | $0 | - | - |
| John Synowsky | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Texas Horsemens Assistance Fund
- EIN
- 74-2731055
- Phone
- 5124679799
- Address
- PO Box 471, Elgin, TX 78621
Signing Officer
- Name
- Marsha Rountree
- Title
- Director
- Signed
- 2025-11-17
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Alexander Lievens LLP
- Address
- 10900 Research Blvd Ste 160C PMB 30, Austin, TX 78759
- Preparer
- Barry P Alexander
- Phone
- 5123286229
Supplemental Narrative
Additional Explanations
Other Expenses.1
“Chaplaincy expenses $55083”
Other Expenses.2
“Miscellaneous expense $20532”
Other Expenses.3
“Medical expenses $14230”
Other Expenses.4
“Management Fees $3629”
Other Expenses.5
“Dental expenses $2981”
Other Expenses.6
“Prescriptions $1734”
Other Expenses.7
“Death Benefit $1250”
Other Expenses.8
“Optical care $625”
Other Expenses.9
“Professional Fees $225”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $38261”
Raw XML Appendix144 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Chaplaincy expenses $55083 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Management Fees $3629 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Dental expenses $2981 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Prescriptions $1734 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Death Benefit $1250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Optical care $625 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Professional Fees $225 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $38261 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Assets.1011 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Director |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-17 |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5123286229 |
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| ReturnHeader/ReturnTs | 0 | 2025-11-17T13:49:52-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
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Document Assets
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