Treasurer's Report
Illinois Thoroughbred Horsemen's Association, Inc.
For the Year Ending December 31, 2018
Modified Cash Basis
| Revenue: | 2018 | |
| Arlington Park | 706,920 | |
| Hawthorne Race Course | 503,064 | |
| Interest Income | 2,837 | |
| Total Revenue | | 1,212,821 |
| Expenses: | | |
| Advertising, Promotion, & Mailing | 9,397 | |
| Association Dues | 68,990 | |
| Claiming Insurance | - | |
| Conventions & Seminars | 6,100 | |
| Depreciation Expense | 11,070 | |
| Election* | 10,866 | |
| Horsemen's Bookkeeper | 65,423 | |
| Industry Donations | 67,850 | |
| Insurance | 54,659 | |
| Maintenance & Repairs | 15,377 | |
| Membership Costs - Other | 14,420 | |
| Membership Events | 13,645 | |
| Membership Meetings | 4,902 | |
| Office Expenses | 24,116 | |
| Payroll Taxes | 22,882 | |
| Professional Fees | 180,136 | |
| Public Relations and Lobbying | 175,192 | |
| Retirement | 10,176 | |
| Salaries | 277,888 | |
| Telephone and On-Line Access | 15,340 | |
| Travel and Lodging | 37,860 | |
| Website | 7,602 | |
| | |
| Total Expenses | | 1,093,891 |
| Net Income (Loss) | | 118,930 |
*Outsourced to CPA to manage, maintain independence, and provide verification.