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Treasurer's Report

Treasurer's Report
Illinois Thoroughbred Horsemen's Association, Inc. 
For the Year Ending December 31, 2015
Modified Cash Basis

 Revenue:
               Arlington Park $466,164
               Hawthorne Race Course       241,977
Total Revenue       708,141
Expenses:  
               Association Dues             81,280
               Claiming Insurance
 2,000
               Conventions & Seminars  3,050
               Depreciation Expense  19,574
               Election  12,421
               Insurance  65,795
               Maintenance & Repairs 13,079
               Member Related Expenses  53,757
               Office Expenses  25,188
               Payroll Taxes   30,679
               Salaries  267,294
               Horsemen's Bookkeeper  62,642
               Public Relations and Lobbying  219,899
               Professional Fees 112,218
               Telephone and On-Line Access       23,337
               Travel & Lodging        17,815

          Total Expenses
 
    1,010,028
 
     Net Ordinary Income (Loss)
 
(301,887)
          Other Income          1,739

 
Net Income (Loss)

   $ (300,148)
                             
 


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