Indiana Thoroughbred Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 472,353 | 565,985 | −93,632 | 0.1 | 2% |
| 2012 | 238,963 | 94,499 | 144,464 | 19.0 | 32% |
| 2013 | 155,177 | 75,977 | 79,200 | 36.1 | 42% |
| 2014 | 192,657 | 155,909 | 36,748 | 20.4 | 12% |
| 2015 | 206,166 | 187,373 | 18,793 | 18.0 | 5% |
| 2016 | 252,669 | 243,306 | 9,363 | 14.4 | 11% |
| 2017 | 267,417 | 251,427 | 15,990 | 14.7 | 11% |
| 2018 | 241,511 | 231,222 | 10,289 | 16.5 | 14% |
| 2019 | 201,755 | 206,585 | −4,830 | 18.1 | 16% |
| 2020 | 254,965 | 262,353 | −7,388 | 14.0 | 13% |
| 2021 | 302,194 | 261,735 | 40,459 | 15.8 | 9% |
| 2022 | 345,743 | 319,726 | 26,017 | 13.9 | 9% |
| 2023 | 256,672 | 271,963 | −15,291 | 15.7 | 12% |
In its most recent public year (2023), this organization spent $15,291 more than it brought in. Its reserves stood at about 15.7 months of spending, up from 0.1 in 2011. Staff pay was 12% of spending.
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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