NATIONAL MUSEUM OF RACING INC

EIN: 141421321 501(c)(3) Arts, Culture & Humanities

SARATOGA SPRINGS, NY

Total Revenue
$3,689,084
Total Expenses
$4,630,820
Total Assets
$30,136,604
Net Assets
$30,014,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NY
Principal Officer
CATHERINE M MASTERSON
Phone
5185840400
Tax Period
2025-01-01 to 2025-12-31

NATIONAL MUSEUM OF RACING INC, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

CURATORIAL CONSERVATION OF OBJECTS RELATING TO HORSE RACING INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,570,621
Program Service Revenue $294,569
Investment Income $1,555,248
Other Revenue $268,646
TOTAL REVENUE $3,689,084

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,231,671
Fundraising Expenses $767,594
Program Expenses $3,045,866
Other Expenses $3,399,149
TOTAL EXPENSES $4,630,820

Year-over-Year Comparison

2025 2024 Change
Revenue $3,689,084 $3,274,667 +0.1%
Expenses $4,630,820 $4,302,609 +0.1%
Net Income $-941,736 $-1,027,942 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
44
Volunteers
42

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$168,252
Total Directors
53
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STELLA F THAYER VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
JEFFREY S AMLING TREASURER 2.00
Officer Director
$0 $0 $0
CHARLOTTE WEBER CHAIR 2.00
Officer Director
$0 $0 $0
DONALD R DIZNEY ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
SUSAN NAYLOR TRUSTEE 0.00
Director
$0 $0 $0
GRETCHEN JACKSON VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
CORNELIA CORBETT TRUSTEE EMERITUS 0.00
Director
$0 $0 $0
CHARLES V WAIT TRUSTEE 0.00
Director
$0 $0 $0
LEVERETT MILLER ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
DEBBY OXLEY VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
GEORGE STRAWBRIDGE JR VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
G WATTS HUMPHREY ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
LOUIS A CELLA VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
SARAH JEFFORDS TRUSTEE 0.00
Director
$0 $0 $0
BARBARA BANKE ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
H CHRISTOPHER BOEHNING TRUSTEE 0.00
Director
$0 $0 $0
RICHARD C COLTON JR ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
WILLIAM S FARISH ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
TERRENCE FINLEY ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
C KENNETH GRAYSON TRUSTEE 0.00
Director
$0 $0 $0
DELL HANCOCK ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
PENELOPE MILLER ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
CHARLES NOELL ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
RICHARD PALMER VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
A DOUGLAS HENDERSON ADVISORY TRUSTEES 0.00
Director
$0 $0 $0
ANDREW RICHARDS TRUSTEE 0.00
Director
$0 $0 $0
GD HIERONYMUS ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
DANIEL G VAN CLIEF ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
WALTER BORISENOK SECRETARY 0.00
Officer Director
$0 $0 $0
CAROLYN WILSON ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
BEVERLY STEINMAN VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
BOB EDWARDS ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
MIKE ROGERS VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
LISA TROUTT VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
ROBERT N CLAY ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
TOM DURKIN TRUSTEE 0.00
Director
$0 $0 $0
MAUREEN LEWI ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
RAMON DOMINGUEZ TRUSTEE 0.00
Director
$0 $0 $0
SHANNON ARVIN TRUSTEE 0.00
Director
$0 $0 $0
JOSH PONS ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
MARY JANE HUNT TRUSTEE 0.00
Director
$0 $0 $0
DAVID O'ROURKE TRUSTEE 0.00
Director
$0 $0 $0
ARON WELLMAN TRUSTEE 0.00
Director
$0 $0 $0
CHRIS BAKER ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
JOE CLANCY ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
AARON T GRYDER ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
ELIZABETH LOFTUS-IMPERIO TRUSTEE 0.00
Director
$0 $0 $0
CATHLEEN T MARINO ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
CHARLES J CELLA ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
CHARLOTTE RADCLIFFE ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
JULIA CHLOPECKI ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
SARGE REYNOLDS ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
STUART SIEGEL ADVISORY TRUSTEE 0.00
Director
$0 $0 $0
CATHERINE MASTERSON DIRECTOR 40.00
Officer
$137,236 $31,016 $168,252
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,689,084 $4,630,820 $30,136,604 $-941,736
2024 $3,274,667 $4,302,609 $30,947,600 $-1,027,942
2023 $4,618,697 $3,966,723 $31,316,412 $651,974
2022 $6,266,172 $3,667,991 $29,006,071 $2,598,181
2021 $3,891,904 $3,378,109 $28,834,904 $513,795
2020 $3,142,487 $2,410,617 $28,538,010 $731,870
2019 $4,947,764 $2,336,265 $27,072,596 $2,611,499
2018 $9,567,256 $2,494,473 $22,008,801 $7,072,783
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