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Treasurer's Report

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)


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