New York Thoroughbred Horsemens Association Inc
New York Thoroughbred Horsemens Association consistently operates with surpluses and reports no officer compensation, despite significant asset and liability fluctuations.
EIN: 112940010 · Jamaica, NY · Updated: 2026-03-28
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New York Thoroughbred Horsemens Association Inc is mapped to EIN 112940010.
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| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
New York Thoroughbred Horsemens Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
New York Thoroughbred Horsemens Association Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New York Thoroughbred Horsemens Association Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $3.3M and expenses of $3.1M.
Revenue and Expenses
New York Thoroughbred Horsemens Association Inc reported $3.3M in revenue and $3.1M in expenses, a surplus of $142K.
Executive Compensation
Top officer compensation appears as $2.5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is New York Thoroughbred Horsemens Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.6M (85%) |
Across stored filings, New York Thoroughbred Horsemens Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
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New York Thoroughbred Horsemens Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Thoroughbred Horsemens Association Inc
New York Thoroughbred Horsemens Association Inc (EIN: 112940010) is a nonprofit organization based in Jamaica, NY. The organization reported total revenue of $6.6M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Thoroughbred Horsemens Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Thoroughbred Horsemens Association Inc is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$142K |
| Total Assets | $3.5M |
| Total Liabilities | $102K |
| Net Assets | $3.4M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2024, New York Thoroughbred Horsemens Association Inc reported a surplus of $142K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), New York Thoroughbred Horsemens Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.1% | +1.2% | -73.3% |
| 2023 | +1.1% | +5.6% | +1.7% |
| 2022 | +27.2% | +2.3% | +39.1% |
| 2021 | -7.1% | -8.9% | +29.7% |
| 2020 | -14.0% | +8.5% | +115.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Thoroughbred Horsemens Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Thoroughbred Horsemens Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $142K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues consistently over $2.5 million and suggests either a volunteer-led executive team or compensation being reported under different categories, which would require further clarification.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Thoroughbred Horsemens Association Inc's IRS 990 filings:
- Significant, unexplained fluctuations in assets and liabilities between 202105 and 202305, with liabilities increasing by over $3.3 million.
- Consistent 0% officer compensation for an organization with multi-million dollar revenues, which is unusual and warrants further investigation into how executive functions are compensated or managed.
Strengths
The following positive indicators were identified for New York Thoroughbred Horsemens Association Inc:
- Consistent operational surpluses in most recent years (e.g., 202405 revenue $3,256,254 vs. expenses $3,114,491), indicating sound financial management.
- Strong transparency regarding executive compensation, reporting 0% officer compensation across all filings.
- Stable revenue generation, consistently above $2.5 million annually over the past decade, demonstrating a reliable funding base.
Frequently Asked Questions about New York Thoroughbred Horsemens Association Inc
Is New York Thoroughbred Horsemens Association Inc a legitimate charity?
New York Thoroughbred Horsemens Association Inc (EIN: 112940010) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does New York Thoroughbred Horsemens Association Inc spend its money?
New York Thoroughbred Horsemens Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Thoroughbred Horsemens Association Inc tax-deductible?
New York Thoroughbred Horsemens Association Inc is registered as a tax-exempt nonprofit (EIN: 112940010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Thoroughbred Horsemens Association Inc CEO make?
New York Thoroughbred Horsemens Association Inc's highest-compensated officer earns $2.5 annually. The organization reported $6.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Thoroughbred Horsemens Association Inc's spending goes to programs?
New York Thoroughbred Horsemens Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Thoroughbred Horsemens Association Inc located?
New York Thoroughbred Horsemens Association Inc is headquartered in Jamaica, New York and files with the IRS under EIN 112940010.
How many years of IRS 990 filings does New York Thoroughbred Horsemens Association Inc have?
New York Thoroughbred Horsemens Association Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.6M in total revenue.
What caused the significant increase in assets and liabilities between 202105 and 202305?
Between 202105 and 202305, assets increased from $9,248,348 to $13,084,468, and liabilities rose from $6,661,993 to $10,038,532. This substantial change suggests potential large-scale investments, property acquisitions, or significant debt financing that would need to be detailed in the full IRS 990 forms to understand the nature of these financial shifts.
How does the organization manage its executive functions without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable for an organization of this size. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently within the financial statements, such as under program or administrative expenses, rather than directly as officer compensation.
Is the organization's NTEE code truly 'Unknown' or is it simply not provided in this summary?
The provided data states the NTEE code as 'Unknown'. A specific NTEE code would help classify the organization's primary activities and allow for better comparison with peer organizations in the same sector.
Filing History
IRS 990 filing history for New York Thoroughbred Horsemens Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), New York Thoroughbred Horsemens Association Inc's revenue has grown by 62.2%, moving from $2.0M to $3.3M. Total assets increased by 87.4% over the same period, from $1.9M to $3.5M. Total functional expenses rose by 50.8%, from $2.1M to $3.1M. In its most recent filing year (2024), New York Thoroughbred Horsemens Association Inc reported a surplus of $142K, with revenue exceeding expenses. The organization holds $102K in liabilities against $3.5M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.3M | $3.1M | $3.5M | $102K | — | View 990 |
| 2023 | $3.3M | $3.1M | $13.1M | $10.0M | — | — |
| 2022 | $3.3M | $2.9M | $12.9M | $10.0M | — | View 990 |
| 2021 | $2.6M | $2.8M | $9.2M | $6.7M | — | — |
| 2020 | $2.8M | $3.1M | $7.1M | $4.3M | — | View 990 |
| 2019 | $3.2M | $2.9M | $3.3M | $129K | — | View 990 |
| 2018 | $3.1M | $2.9M | $2.9M | $73K | — | — |
| 2017 | $3.1M | $3.2M | $2.8M | $118K | — | View 990 |
| 2016 | $3.3M | $2.9M | $3.2M | $372K | — | View 990 |
| 2015 | $3.2M | $3.4M | $2.6M | $129K | — | View 990 |
| 2014 | $3.2M | $2.8M | $2.7M | $66K | — | View 990 |
| 2013 | $2.9M | $2.7M | $2.3M | $52K | — | View 990 |
| 2012 | $2.4M | $2.2M | $2.2M | $112K | — | View 990 |
| 2011 | $2.0M | $2.1M | $1.9M | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.3M, expenses of $3.1M, and assets of $3.5M (revenue -2.1% year-over-year).
- 2023: Revenue of $3.3M, expenses of $3.1M, and assets of $13.1M (revenue +1.1% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.9M, and assets of $12.9M (revenue +27.2% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.8M, and assets of $9.2M (revenue -7.1% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.1M, and assets of $7.1M (revenue -14.0% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.9M, and assets of $3.3M (revenue +4.4% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.9M, and assets of $2.9M (revenue -0.8% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.2M, and assets of $2.8M (revenue -4.6% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.9M, and assets of $3.2M (revenue +3.1% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.4M, and assets of $2.6M (revenue +-0.0% year-over-year).
- 2014: Revenue of $3.2M, expenses of $2.8M, and assets of $2.7M (revenue +10.3% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.7M, and assets of $2.3M (revenue +17.6% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $2.2M (revenue +22.0% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.1M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Thoroughbred Horsemens Association Inc:
Data Sources and Methodology
This transparency report for New York Thoroughbred Horsemens Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.