Thoroughbred Retirement Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,221,196 | 2,892,888 | −671,692 | 29.1 | 20% |
| 2012 | 1,687,059 | 2,761,953 | −1,074,894 | 27.8 | 22% |
| 2013 | 2,734,215 | 2,882,756 | −148,541 | 30.4 | 18% |
| 2014 | 2,629,535 | 3,013,320 | −383,785 | 29.1 | 23% |
| 2015 | 2,770,191 | 3,088,323 | −318,132 | 25.3 | 29% |
| 2016 | 3,343,052 | 2,876,296 | 466,756 | 31.5 | 29% |
| 2017 | 2,324,518 | 2,569,693 | −245,175 | 42.5 | 27% |
| 2018 | 2,468,420 | 2,654,553 | −186,133 | 36.7 | 28% |
| 2019 | 1,848,890 | 2,364,085 | −515,195 | 45.2 | 29% |
| 2020 | 2,128,699 | 1,897,068 | 231,631 | 61.6 | 28% |
| 2021 | 2,162,805 | 1,979,241 | 183,564 | 69.5 | 33% |
| 2022 | 1,901,253 | 2,250,863 | −349,610 | 52.6 | 33% |
| 2023 | 2,962,392 | 2,401,434 | 560,958 | 56.6 | 33% |
In its most recent public year (2023), this organization brought in $560,958 more than it spent. Its reserves stood at about 56.6 months of spending, up from 29.1 in 2011. Staff pay was 33% of spending. $9,615,187 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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