VIRGINIA AFFILIATE OF THE HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC

EIN: 541709849 Community Improvement

WARRENTON, VA

Total Revenue
$24,397,434
Total Expenses
$21,410,490
Total Assets
$12,491,333
Net Assets
$12,491,333
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
DAVID ROSS
Phone
5403470033
Tax Period
2023-01-01 to 2023-12-31

VIRGINIA AFFILIATE OF THE HORSEMEN'S BENEVOLENT & PROTECTIVE ASSOCIATION INC, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $823K, a strong 16% operating margin.

Mission

TO PRESENT THE COMMON INTERESTS OF VIRGINIA HORSEMEN THROUGH REPRESENTATION, NEGOTIATION, AND THE PROMOTION OF UNIFORM RACING POLICIES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $24,120,722
Investment Income $276,712
Other Revenue $0
TOTAL REVENUE $24,397,434

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,934,868
Other Expenses $21,410,490
TOTAL EXPENSES $21,410,490

Year-over-Year Comparison

2023 2022 Change
Revenue $24,397,434 $20,913,853 +0.2%
Expenses $21,410,490 $18,627,817 +0.1%
Net Income $2,986,944 $2,286,036 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
N/A

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
5
$104,000
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ROSS PRESIDENT 2.00
Officer Director
$0 $0 $0
DOUGLAS DANIELS VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
ALTHEA RICHARDS TREASURER 2.00
Officer Director
$0 $0 $0
SUSIE CHATFIELD-TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
SUSAN COONEY BOARD MEMBER 2.00
Director
$0 $0 $0
DONNA DENNEHY BOARD MEMBER 2.00
Director
$0 $0 $0
JIM ARRISON BOARD MEMBER 2.00
Director
$0 $0 $0
KATHRYN COSTLEY BOARD MEMBER 2.00
Director
$0 $0 $0
MADISON MEYERS BOARD MEMBER 2.00
Director
$0 $0 $0
DIANA MCCLURE SECRETARY 2.00
Officer Director
$0 $0 $0
KAREN GODSEY BOARD MEMBER 2.00
Director
$0 $0 $0
JILL GORDON-MOORE BOARD MEMBER 2.00
Director
$0 $0 $0
FERRIS ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
CURTIS B PAYNE BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD VALENTINE BOARD MEMBER 2.00
Director
$0 $0 $0
DOUGLAS FOUT BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID BOURKE BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICK SHEPHERD BOARD MEMBER 2.00
Director
$0 $0 $0
FRANK J PETRAMALO JR EXECUTIVE DIRECTOR 40.00
Officer
$104,000 $0 $104,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $24,397,434 $21,410,490 $12,491,333 $2,986,944
2022 $20,913,853 $18,627,817 $9,504,389 $2,286,036
2021 $14,312,018 $13,373,906 $7,218,353 $938,112
2020 $7,241,585 $5,686,686 $6,280,241 $1,554,899
2019 $5,887,494 $9,727,867 $4,725,342 $-3,840,373
2018 $5,119,649 $4,296,213 $8,565,716 $823,436
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