National Thoroughbred Racing Association Inc
Nonprofit profile at a glance
- EIN
- 133985050
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Lexington, KY, USA
- Phone
- 8592456872
- Rating confidence
- Limited
Reported finances
- Revenue
- $11,696,083
- Expenses
- $13,666,564
- Assets
- $18,554,324
- Liabilities
- $6,287,313
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- THOMAS ROONEY (CEO)
- JOSEPH BACIGALUPO (SR VICE PRESIDENT OF EXTERNAL AFFAIRS)
- DAVID FITE (VICE PRESIDENT OF IT AND PHYSICAL SECURITY)
Highest reported compensation
- THOMAS ROONEY (CEO): $397,755 total reported compensation
- KEITH CHAMBLIN (COO): $313,463 total reported compensation
- MEGHAN RODGERS (SENIOR VP OF COMMUNICATION): $201,448 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ntra is a broadly defined membership association that is charged with increasing the popularity, welfare and integrity of thoroughbred racing.
What it reported doing in 2024
The ntra reaches its two primary constituencies-racing customers and industry stakeholdersthrough a combination of paid, earned and social media.the ntra's most popular promotion is the national horseplayers championship (nhc), with prize money and awards totaling more than $3.5 million. The nhc is held each february in las vegas, nv.the ntra owns and produces the eclipse awards, which annually recognizes humans and equines for their championship performances in north america.backed by 55 racetracks, all major horsemen's groups, and many other industry stakeholder organizations, the ntra in 2009 formed the safety and integrity alliance to establish and implement national standards and reforms relating to safety, integrity and the welfare of the thoroughbred.through a code of standards and an accreditation process, the alliance institutes an evolving set of standards related to the following areas: 1) injury reporting and prevention; 2) a safer racing environment; 3) uniform equine medication, testing and penalties; 4) jockey safety, 5) thoroughbred aftercare and 6) wagering integrity.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 76
- Accountability: 91
- Sustainability: 23
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85%; rating input score 85; 18th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -16.8%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $398K · 28 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.9M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.