AI Transparency Report
The Thoroughbred Breeders Association Of New Jersey demonstrates consistent revenue generation, averaging around $1.8 million annually over the past decade. However, recent filings show a trend of expenses exceeding revenue, with 2023 expenses at $1,926,056 against revenues of $1,619,258, and 2022 expenses at $1,989,298 against revenues of $1,881,048. This indicates a potential reliance on reserves or other funding sources to cover operational costs in recent years. The organization's assets have fluctuated, reaching a high of $1,227,654 in 2021 but declining to $1,124,448 in 2023, while liabilities have shown some volatility, peaking at $677,473 in 2018 and standing at $367,404 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that officers are not compensated directly by the organization.