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Treasurer's Report

Treasurer's Report
Illinois Thoroughbred Horsemen's Association, Inc. 
For the Year Ending December 31, 2021
Modified Cash Basis

Revenue:
Arlington Park $ 723,360
Hawthorne Race Course 476,759
Investment Income 816
Total Revenue 1,200,935
Expenses:
Advertising and promotion 26,659
Association Dues 27,904
Contributions 20,250
Depreciation Expense 12,828
Election* 13,322
Horsemen's Bookkeeper 46,694
Industry Contributions 107,500
Insurance 30,168
Loss on Disposal of Fixed Assets 18,828
Maintenance & Repairs 5,699
Membership Costs - Other 24,941
Membership Events 3,600
Membership Meetings 10,025
Office and Other Expenses 40,423
Payroll Taxes 26,387
Professional Fees 107,855
Public Relations and Lobbying 278,030
Salaries 349,119
Telephone and On-Line Access 13,559
Travel and Lodging 10,702
Total Expenses 1,174,493
Net Income $ 26,442


*Outsourced to CPA to manage, maintain independence, and provide verification.

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