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Treasurer's Report

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. 

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