Civic Intelligence

Washington Thoroughbred Breeders

990 • Fiscal year 2016 • EIN 91-0496694

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 26, 2017

3220 Ron Crockett Dr NWAuburn, WA 98001

(253) 288-7878

Siviq Scores

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

Liabilities / Assets

96th percentile

0.47x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

0.65x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Net Margin

22nd percentile

-7.3%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$51,024

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2016 filings • 501(c)5 • <$500k nonprofits • Source year 2016

Asset Growth

30th percentile

-3.8%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-2.8%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)5 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$487,245

Down $19,486 (-3.8%) from 2015

Net Assets

Down

$256,248

Down $26,028 (-9.2%) from 2015

Liabilities

Up

$230,997

Up $6,542 (+2.9%) from 2015

Revenue

Down

$356,816

Down $10,355 (-2.8%) from 2015

Expenses

Up

$382,844

Up $44,583 (+13%) from 2015

Net Income

Down

-$26,028

Down $54,938 (-190%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $387,358Liabilities 2011: $232,810Net Assets 2011: $154,5482011Assets 2012: $488,349Liabilities 2012: $266,267Net Assets 2012: $222,0822012Assets 2013: $487,446Liabilities 2013: $261,485Net Assets 2013: $225,9612013Assets 2014: $484,825Liabilities 2014: $242,881Net Assets 2014: $241,9442014Assets 2015: $506,731Liabilities 2015: $224,455Net Assets 2015: $282,2762015Assets 2016: $487,245Liabilities 2016: $230,997Net Assets 2016: $256,2482016Assets 2017: $519,710Liabilities 2017: $270,857Net Assets 2017: $248,8532017Assets 2018: $456,946Liabilities 2018: $251,547Net Assets 2018: $205,3992018Assets 2019: $386,123Liabilities 2019: $264,144Net Assets 2019: $121,9792019Assets 2020: $371,895Liabilities 2020: $235,810Net Assets 2020: $136,0852020Assets 2021: $393,901Liabilities 2021: $271,770Net Assets 2021: $122,1312021Assets 2022: $354,218Liabilities 2022: $205,039Net Assets 2022: $149,1792022Assets 2023: $314,095Liabilities 2023: $198,897Net Assets 2023: $115,1982023Assets 2024: $146,809Liabilities 2024: $19,728Net Assets 2024: $127,0812024Assets 2025: $124,893Liabilities 2025: $67,791Net Assets 2025: $57,1022025

Highlighted filing

2016

Assets$487,245
Liabilities$230,997
Net Assets$256,248

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $393,576Expenses 2011: $333,641Net Income 2011: $59,9352011Revenue 2012: $395,493Expenses 2012: $337,702Net Income 2012: $57,7912012Expenses 2013: $350,2402013Revenue 2014: $372,646Expenses 2014: $346,423Net Income 2014: $26,2232014Revenue 2015: $367,171Expenses 2015: $338,261Net Income 2015: $28,9102015Revenue 2016: $356,816Expenses 2016: $382,844Net Income 2016: -$26,0282016Revenue 2017: $377,383Expenses 2017: $390,815Net Income 2017: -$13,4322017Revenue 2018: $352,664Expenses 2018: $396,118Net Income 2018: -$43,4542018Revenue 2019: $331,758Expenses 2019: $415,178Net Income 2019: -$83,4202019Revenue 2020: $387,105Expenses 2020: $372,999Net Income 2020: $14,1062020Revenue 2021: $300,000Expenses 2021: $313,954Net Income 2021: -$13,9542021Revenue 2022: $280,812Expenses 2022: $349,816Net Income 2022: -$69,0042022Revenue 2023: $332,196Expenses 2023: $375,845Net Income 2023: -$43,6492023Revenue 2024: $299,649Expenses 2024: $318,100Net Income 2024: -$18,4512024Revenue 2025: $293,739Expenses 2025: $324,728Net Income 2025: -$30,9892025

Highlighted filing

2016

Revenue$356,816
Expenses$382,844
Net Income-$26,028
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 26, 2017
Return Version
2015v3.0
Gross Receipts
$374,662
Mission and Program Overview

Mission

To facilitate the improvement of practices in the breeding of thoroughbred horses for racing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$489,244$478,876▼ $10,368
Cash and Non-Interest-Bearing Accounts$8,178$4,536▼ $3,642
Pledges and Grants Receivable$7,012$3,833▼ $3,179
Land, Buildings, and Equipment, Net$2,297$0▼ $2,297
Total Assets$506,731$487,245▼ $19,486
Liabilities
Other Liabilities$220,747$230,997▲ $10,250
Accounts Payable and Accrued Expenses$3,708$0▼ $3,708
Grants Payable$0$0→ $0
Total Liabilities$224,455$230,997▲ $6,542
Net Assets / Fund Balance
Unrestricted Net Assets$282,276$256,248▼ $26,028
Total Net Assets Fund Balance$282,276$256,248▼ $26,028
Total Liabilities and Net Assets / Fund Balance$506,731$487,245▼ $19,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0$89,659-
Land$0--
Equipment$0$168,085-
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015----$0
2014----$0
2013----$0
2012----$0
2011----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anne SweetExecutive DirectorFT$51,024$51,024

Board Members and Trustees

NameTitle
Mary Lou GriffinChairman Finance Committee
Dana HalversonPresident
Steve ZerdaFirst Vice President
Candice ToilettSecond Vice President
Keith SwagertySecretary
Debra PabstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,974
Program Service Revenue
$307,325
Investment Income
$888
Other Revenue
$25,629
All Other Contributions
$22,974
Change in Net Assets
$-26,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$221,782
Salaries, Compensation, and Employee Benefits$161,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,340$51,034-$133,374
Other Employee Benefits$10,477$6,570-$17,047
Occupancy-$16,780-$16,780
Insurance-$15,028-$15,028
Advertising$7,947$6,201-$14,148
Payroll Taxes$6,565$4,076-$10,641
All Other Expenses-$9,935-$9,935
Fees for Services Other$6,782$1,751-$8,533
Other Expenses$5,008$3,170-$8,178
Office Expenses$873$4,122-$4,995
Depreciation Depletion$119$2,178-$2,297
Fees for Services Accounting-$1,127-$1,127
Total Functional Expenses$233,467$149,377$0$382,844

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,825
Fundraising Direct Expenses$17,846
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$30,825$30,825$1,408$29,417
Event 2-$0-$0
Total Events$30,825$30,825$17,846$12,979
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Nw Race Series$221,141
Deposits$6,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
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

PART VI, SECTION A, LINE 8A

The Secretary documents board meetings.

PART VI, SECTION A, LINE 8B

Committees document their proceedings.

Part VI, Section B, Line 11

Form 990 provided to board at governing meetings during the year.

PART VI, SECTION B, LINE 12C

Monitoring is on a self-awareness basis by each trustee or officer.

PART VI, SECTION B, LINE 15B

Manager compensation is reviewed annually as part of the budget process.

Part VI, Section C, Line 19

Financial information is available at the organization's place of business.

Part VI, Section A, Line 6

Organization has dues paying members.

PART VI, SECTION A, LINE 7A

Members of the association who pay dues vote for the trustees annually.

Filing and Contact Details

Filer

Filer Name
Washington Thoroughbred Breeders
EIN
91-0496694
Phone
2532887878
Address
3220 RON CROCKETT DR NW, AUBURN, WA 98001

Signing Officer

Name
Dana Halverson
Title
President
Signed
2017-01-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Dana Halvorson
Formed
1941
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
7

Preparer

Firm
Michael Kander CPA
Address
7406 27TH ST WEST STE 14, UNIVERSITY PLACE, WA 98466
Preparer
Michael Kander
Phone
2537610161
Raw XML AppendixShowing 400 of 546 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/PrincipalOfficerNm0DANA HALVORSON
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0HORSE AUCTION COMMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1DUES AND EVENTS
IRS990/ProgramServiceRevenueGrp/Desc2MAGAZINE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0172069
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167470
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt266389
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0172069
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266389
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Providing information and education to those involved in improving the breed of thoroughbred race horses.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0149377
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0133859
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018641
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0945
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0184220
IRS990/PYOtherRevenueAmt028424
IRS990/PYProgramServiceRevenueAmt0319161
IRS990/PYRevenuesLessExpensesAmt028910
IRS990/PYSalariesCompEmpBnftPaidAmt0154041
IRS990/PYTotalExpensesAmt0338261
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0367171
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-26028
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt012650
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0172069
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0489244
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0478876
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168085
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0168085
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt03756
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt089659
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt089659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1221141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NW RACE SERIES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt0230997
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017846
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08368
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt08368
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt030825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030825
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012979
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt08070
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt08070
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01408
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01408
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt00
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt00
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt00
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt00
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt00
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt00
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt00
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct00
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct00
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsPct00
IRS990ScheduleG/GamingOtherFacilityPct00
IRS990ScheduleG/GamingOwnFacilityPct00
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/LicensedInd0false
IRS990ScheduleG/LicensedStatesCd0WA
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/MemberOfOtherEntityInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.25$0.68$0.57$2.94$3.25$0.31
2024Summary only. Only limited summary data is available for this year.$1.47$0.20$1.27$3.00$3.18$0.18
2023Summary only. Only limited summary data is available for this year.$3.14$1.99$1.15$3.32$3.76$0.44
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$2.05$1.49$2.81$3.50$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$2.72$1.22$3.00$3.14$0.14
2020Summary only. Only limited summary data is available for this year.$3.72$2.36$1.36$3.87$3.73$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$2.64$1.22$3.32$4.15$0.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$2.52$2.05$3.53$3.96$0.43
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$2.71$2.49$3.77$3.91$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.87$2.31$2.56$3.57$3.83$0.26
2015Detailed filing. Detailed filing data is available for this year.$5.07$2.24$2.82$3.67$3.38$0.29
2014Summary only. Only limited summary data is available for this year.$4.85$2.43$2.42$3.73$3.46$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.87$2.61$2.26$3.50
2012Summary only. Only limited summary data is available for this year.$4.88$2.66$2.22$3.95$3.38$0.58
2011Summary only. Only limited summary data is available for this year.$3.87$2.33$1.55$3.94$3.34$0.60