Thoroughbred Retirement Foundation
Thoroughbred Retirement Foundation shows stable assets and no reported officer compensation over a decade.
EIN: 133132741 · Saratoga Spgs, NY · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $11.3M |
| Transparency Score | 88/100 |
Search Intent Cockpit
Thoroughbred Retirement Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Thoroughbred Retirement Foundation 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 Thoroughbred Retirement Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.0M and expenses of $2.4M.
Revenue and Expenses
Thoroughbred Retirement Foundation reported $3.0M in revenue and $2.4M in expenses, a surplus of $561K.
Executive Compensation
Top officer compensation appears as $10 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
88/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Thoroughbred Retirement Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $2.0M (85%) |
Across stored filings, Thoroughbred Retirement Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| 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 | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category D context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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All Category D
Local and Sector Spokes
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Saratoga Spgs, NY nonprofitsCategory D in New York
Unclassified in New York
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Thoroughbred Retirement Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thoroughbred Retirement Foundation
Thoroughbred Retirement Foundation (EIN: 133132741) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code D200. The organization reported total revenue of $5.8M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thoroughbred Retirement Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thoroughbred Retirement Foundation is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$561K |
| Total Assets | $11.6M |
| Total Liabilities | $241K |
| Net Assets | $11.3M |
| Operating Margin | 18.9% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 57.8 months |
Financial Health Grade: A
In 2023, Thoroughbred Retirement Foundation reported a surplus of $561K with revenue exceeding expenses, holds 57.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thoroughbred Retirement Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.8% | +6.7% | +14.5% |
| 2022 | -12.1% | +13.7% | -13.5% |
| 2021 | +1.6% | +4.3% | +17.5% |
| 2020 | +15.1% | -19.8% | -1.4% |
| 2019 | -25.1% | -10.9% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Thoroughbred Retirement Foundation with a Mission Score of 88 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, Thoroughbred Retirement Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $561K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets over $10 million.
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 Thoroughbred Retirement Foundation's IRS 990 filings:
- Expenses exceeded revenue in multiple years (e.g., 2022, 2019, 2018, 2017, 2015, 2014), indicating periods of deficit spending.
- The consistent 0% officer compensation is highly unusual for an organization of this size and could warrant further investigation into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Thoroughbred Retirement Foundation:
- Consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
- Significant reduction in liabilities from $2,828,459 in 2015 to $240,793 in 2023, improving financial health.
- Maintains a stable asset base, consistently above $9 million over the past decade, demonstrating long-term financial resilience.
- Positive revenue growth in the most recent filing (2023), with revenue exceeding expenses by over $500,000.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and accountability.
Frequently Asked Questions about Thoroughbred Retirement Foundation
Is Thoroughbred Retirement Foundation a legitimate charity?
Thoroughbred Retirement Foundation (EIN: 133132741) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Thoroughbred Retirement Foundation spend its money?
Thoroughbred Retirement Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thoroughbred Retirement Foundation tax-deductible?
Thoroughbred Retirement Foundation is registered as a tax-exempt nonprofit (EIN: 133132741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thoroughbred Retirement Foundation CEO make?
Thoroughbred Retirement Foundation's highest-compensated officer earns $10 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thoroughbred Retirement Foundation's spending goes to programs?
Thoroughbred Retirement Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thoroughbred Retirement Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Thoroughbred Retirement Foundation is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thoroughbred Retirement Foundation located?
Thoroughbred Retirement Foundation is headquartered in Saratoga Spgs, New York and files with the IRS under EIN 133132741. It is classified under NTEE code D200.
How many years of IRS 990 filings does Thoroughbred Retirement Foundation have?
Thoroughbred Retirement Foundation has 13 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 $5.8M in total revenue.
Is Thoroughbred Retirement Foundation a good charity?
Based on the provided data, TRF appears to be a good charity. It consistently reports 0% officer compensation, maintains stable assets, and has significantly reduced its liabilities over time, indicating strong financial stewardship and a focus on its mission.
How does TRF manage to operate without officer compensation?
The data consistently shows 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity not reported here, or that compensation falls below the reporting threshold for officers, though the consistent 0% suggests the former or a unique operational model.
What is the trend in TRF's financial stability?
TRF's financial stability has improved, with assets growing from $9.34 million in 2015 to $11.56 million in 2023, and liabilities significantly decreasing from $2.83 million in 2015 to $0.24 million in 2023. Revenue has also shown positive growth in the most recent period.
Filing History
IRS 990 filing history for Thoroughbred Retirement Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thoroughbred Retirement Foundation's revenue has grown by 33.4%, moving from $2.2M to $3.0M. Total assets increased by 31.9% over the same period, from $8.8M to $11.6M. Total functional expenses fell by 17%, from $2.9M to $2.4M. In its most recent filing year (2023), Thoroughbred Retirement Foundation reported a surplus of $561K, with revenue exceeding expenses. The organization holds $241K in liabilities against $11.6M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.4M | $11.6M | $241K | — | View 990 |
| 2022 | $1.9M | $2.3M | $10.1M | $239K | — | — |
| 2021 | $2.2M | $2.0M | $11.7M | $207K | — | View 990 |
| 2020 | $2.1M | $1.9M | $9.9M | $194K | — | View 990 |
| 2019 | $1.8M | $2.4M | $10.1M | $1.2M | — | View 990 |
| 2018 | $2.5M | $2.7M | $9.6M | $1.4M | — | View 990 |
| 2017 | $2.3M | $2.6M | $10.7M | $1.6M | — | — |
| 2016 | $3.3M | $2.9M | $10.0M | $2.5M | — | View 990 |
| 2015 | $2.8M | $3.1M | $9.3M | $2.8M | — | View 990 |
| 2014 | $2.6M | $3.0M | $10.1M | $2.7M | — | View 990 |
| 2013 | $2.7M | $2.9M | $9.8M | $2.5M | — | View 990 |
| 2012 | $1.7M | $2.8M | $8.4M | $2.0M | — | View 990 |
| 2011 | $2.2M | $2.9M | $8.8M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.4M, and assets of $11.6M (revenue +55.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.3M, and assets of $10.1M (revenue -12.1% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.0M, and assets of $11.7M (revenue +1.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $9.9M (revenue +15.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.4M, and assets of $10.1M (revenue -25.1% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $9.6M (revenue +6.2% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.6M, and assets of $10.7M (revenue -30.5% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.9M, and assets of $10.0M (revenue +20.7% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.1M, and assets of $9.3M (revenue +5.3% year-over-year).
- 2014: Revenue of $2.6M, expenses of $3.0M, and assets of $10.1M (revenue -3.8% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.9M, and assets of $9.8M (revenue +62.1% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.8M, and assets of $8.4M (revenue -24.0% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.9M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thoroughbred Retirement Foundation:
Data Sources and Methodology
This transparency report for Thoroughbred Retirement Foundation 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.