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Treasurer's Report

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
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

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