Treasurer's Report
Illinois Thoroughbred Horsemen's Association, Inc.
For the Year Ending December 31, 2017
Modified Cash Basis
| Revenue: | 2017 | |
| Arlington Park | 706,920 | |
| Hawthorne Race Course | 655,630 | |
| Investment Income | 1,440 | |
| Total Revenue | | 1,363,990 |
| Expenses: | | |
| Program Expenses: | | |
| Advertising, Promotion & Mailings | 10,772 | |
| Association Dues | 67,575 | |
| Claiming Insurance | - | |
| Conventions & Seminars | 5,550 | |
| Depreciation Expense | 16,546 | |
| Donations to Charitable Organizations | - | |
| Election | 80 | |
| Horsemen's Bookkeeper | 40,562 | |
| Industry Contributions | 52,750 | |
| Insurance | 54,299 | |
| Maintenance & Repairs | 12,728 | |
| Membership Costs - Other | 13,419 | |
| Membership Events | 18,129 | |
| Membership Meetings | 5,443 | |
| Office Expenses | 27,687 | |
| Payroll Taxes | 21,650 | |
| Professional Fees | 161,568 | |
| Public Relations and Lobbying | 180,176 | |
| Retirement | 7,745 | |
| Salaries | 269,450 | |
| Telephone and On-Line Access | 17,406 | |
| Travel and Lodging | 31,896 | |
| Website | 6,500 | |
| Total Expenses | | 1,021,931 |
| Net Income (Loss) | | 342,059 |