Treasurer's Report
Illinois Thoroughbred Horsemen's Association, Inc.
For the Year Ending December 31, 2020
Modified Cash Basis
| Revenue: | 2020 | |
| Arlington Park | 706,920 | |
| Hawthorne Race Course | 466,488 | |
| Interest Income | 7,178 | |
| Total Revenue | | 1,180,586 |
| Expenses: | | |
| Advertising, Promotion, & Mailing | 13,781 | |
| Association Dues | 66,952 | |
| Depreciation Expense | 12,615 | |
| Horsemen's Bookkeeper | 80,885 | |
| Industry Donations | 113,149 | |
| Insurance | 41,706 | |
| Maintenance & Repairs | 1,960 | |
| Membership Costs - Other | 12,797 | |
| Membership Meetings and Events | 5,807 | |
| Miscellaneous | 4,746 | |
| Office Expenses | 12,922 | |
| Pandemic Relief * | 54,360 | |
| Payroll Taxes | 22,087 | |
| Professional Fees | 317,523 | |
| Public Relations and Lobbying | 270,364 | |
| Retirement | 13,593 | |
| Salaries | 275,391 | |
| Telephone and On-Line Access | 14,735 | |
| Travel and Lodging | 8,166 | |
| Website | 900 | |
| | |
| Total Expenses | | 1,344,439 |
| Change in Net Assets | | (163,853) |