LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HORSERACING INTEGRITY AND SAFETY AUTHORITY INC, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $50.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.
SUBJECT TO FEDERAL TRADE COMMISSION OVERSIGHT, THE HORSERACING INTEGRITY AND SAFETY AUTHORITY IS CHARGED WITH RECOMMENDING AND IMPLEMENTING UNIFORM SAFETY AND INTEGRITY RULES IN THOROUGHBRED RACING. CONTINUED ON SCHEDULE O. HISA IS IMPLEMENTING, FOR THE FIRST TIME, A NATIONAL, UNIFORM SET OF RULES APPLICABLE TO EVERY THOROUGHBRED RACING PARTICIPANT AND RACETRACK FACILITY. HISA IS COMPRISED OF TWO PROGRAMS: THE RACETRACK SAFETY PROGRAM, WHICH WENT INTO EFFECT ON JULY 1, 2022, AND THE ANTI-DOPING AND MEDICATION CONTROL (ADMC) PROGRAM, WHICH WENT INTO EFFECT ON MAY 22, 2023. THE RACETRACK SAFETY PROGRAM INCLUDES OPERATIONAL SAFETY RULES AND NATIONAL RACETRACK ACCREDITATION STANDARDS THAT SEEK TO ENHANCE EQUINE WELFARE AND MINIMIZE EQUINE AND JOCKEY INJURY. THE PROGRAM EXPANDS VETERINARY OVERSIGHT, IMPOSES SURFACE MAINTENANCE AND TESTING REQUIREMENTS, ENHANCES JOCKEY SAFETY, REGULATES RIDING CROP USE AND IMPLEMENTS VOIDED CLAIM RULES, AMONG OTHER IMPORTANT MEASURES.
RACETRACK SAFETY PROGRAM: AS OF DECEMBER 31, 2024, APPROXIMATELY 76,900 COVERED HORSES AND 36,500 COVERED PERSONS WERE REGISTERED WITH HISA, INCLUDING 1,200 VETERINARIANS ACTIVELY INVOLVED IN THE...
RACETRACK SAFETY PROGRAM: AS OF DECEMBER 31, 2024, APPROXIMATELY 76,900 COVERED HORSES AND 36,500 COVERED PERSONS WERE REGISTERED WITH HISA, INCLUDING 1,200 VETERINARIANS ACTIVELY INVOLVED IN THE DAILY AND SPECIALIZED CARE OF EQUINE ATHLETES.IN 2024, HISA COMPLETED ACCREDITATION VISITS AT 22 RACETRACKS, RESULTING IN SIGNIFICANT SAFETY IMPROVEMENTS, SUCH AS ADDITIONAL INVESTMENTS IN ADVANCED SURFACE MAINTENANCE EQUIPMENT, INCREASES IN THE DAILY REPORTING OF SURFACE CONDITION MEASUREMENTS AND TIGHTER CONTROLS OVER STABLE GATE ENTRY AND EXIT PROCEDURES.IN 2024, HISA LAUNCHED HISA CHECK, A PLATFORM THAT ANALYZES DATA FROM HISA'S COMPREHENSIVE MEDICAL DATABASE, HISTORICAL PERFORMANCE RECORDS AND OTHER RISK FACTORS TO IDENTIFY HORSES AT INCREASED RISK OF INJURY. HISA ALSO INTRODUCED HISA HORSE IN-SIGHT, A TOOL THAT PROVIDES A COMPLETE VIEW OF A HORSE'S HEALTH AND PERFORMANCE OVER ITS ENTIRE CAREER, HELPING REGULATORY VETERINARIANS MAKE MORE INFORMED, TIMELY AND ACCURATE DECISIONS.IN JULY 2024, HISA'S REVISED RACETRACK SAFETY PROGRAM TOOK EFFECT, BRINGING SIGNIFICANT UPDATES TO RULES ON PROHIBITED PRACTICES, INTRA-ARTICULAR INJECTION STAND-DOWN TIMES, THE VOID CLAIM RULE AND VETERINARIANS' LIST PROTOCOLS, ALL SUPPORTED BY A ROBUST EDUCATION CAMPAIGN.TOGETHER, THESE INITIATIVES CONTRIBUTED TO A RECORD-LOW RACING-RELATED EQUINE FATALITY RATE OF 0.90 PER 1,000 STARTS AT THE 47 RACETRACKS OPERATING UNDER HISA'S RULES. THE RATE OF 0.90 IS A 35% DECREASE FROM THE RATE OF 1.39 REPORTED BY THE EID IN 2021THE LAST FULL YEAR PRIOR TO THE LAUNCH OF HISA'S RACETRACK SAFETY PROGRAMAND A 27% DECREASE FROM THE RATE OF 1.23 THAT HISA REPORTED LAST YEAR. IT ALSO REPRESENTS A 55% DECLINE SINCE 2009, WHEN THE EID FIRST BEGAN REPORTING SUCH FATALITIES, AT A RATE OF 2.00.
HISA'S ANTI-DOPING AND MEDICATION CONTROL (ADMC) PROGRAM, WHICH WAS LAUNCHED IN MAY 2023, IS ENFORCED BY THE HORSERACING INTEGRITY & WELFARE UNIT, AN INDEPENDENT AGENCY. IN 2024, MORE THAN 76,500...
HISA'S ANTI-DOPING AND MEDICATION CONTROL (ADMC) PROGRAM, WHICH WAS LAUNCHED IN MAY 2023, IS ENFORCED BY THE HORSERACING INTEGRITY & WELFARE UNIT, AN INDEPENDENT AGENCY. IN 2024, MORE THAN 76,500 SAMPLE COLLECTION SESSIONS WERE CONDUCTED BY CERTIFIED SAMPLE COLLECTION PERSONNEL, WITH AN ADVERSE ANALYTICAL FINDING (POSITIVE TEST) RATE OF .48%. COMPARED TO 2023, THE ADMC PROGRAM SHOWED SHORTER TURNAROUND TIMES FOR RESULTS REPORTING IN 2024. ADDITIONALLY, HIWU'S INVESTIGATIONS UNIT RECEIVED MORE THAN 200 TIPS THROUGH THE ANONYMOUS WHISTLEBLOWER PLATFORMS AND NEARLY 500 INVESTIGATIVE INQUIRIES WERE INITIATED. IN TOTAL, 394 NOTICES OF POTENTIAL VIOLATIONS WERE FILED IN 2024, RESULTING IN 368 CHARGES FOR 65 ANTI-DOPING RULE VIOLATIONS AND 303 CONTROLLED MEDICATION RULE VIOLATIONS. FURTHERMORE, HIWU PREPARED FOR THE IMPLEMENTATION OF THE HISA EQUINE ANALYTICAL LABORATORY (HEAL) ACCREDITATION STANDARDS, WHICH WENT INTO EFFECT ON JANUARY 1, 2025. AN INDEPENDENT LABORATORY EXPERT GROUP WAS ESTABLISHED TO HELP OVERSEE THE ACCREDITATION PROGRAM AND GRANTED PROBATIONARY HEAL ACCREDITATION TO FOUR LABORATORIES BY THE END OF 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $50,588,741 | $43,675,102 | +0.2% |
| Expenses | $52,031,791 | $39,060,160 | +0.3% |
| Net Income | $-1,443,050 | $4,614,942 | -1.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LISA LAZARUS | CEO | 60.00 |
Officer
|
$580,843 | $13,800 | $594,643 |
| JIM GATES | CFO | 60.00 |
Officer
|
$365,820 | $13,754 | $379,574 |
| ANJALI SALOOJA | DIRECTOR OF OPERATIONS AND COMPLIANCE | 60.00 |
Highest
|
$247,224 | $0 | $247,224 |
| JENNIFER DURENBERGER | DIRECTOR OF EQUINE SAFETY & WELFARE | 60.00 |
Highest
|
$243,208 | $8,190 | $251,398 |
| ANN MCGOVERN | DIRECTOR OF RACETRACK SAFETY | 60.00 |
Highest
|
$226,188 | $1,422 | $227,610 |
| MARC GUILFOIL | DIRECTOR OF STEWARDING & STATE RACING COMMISSION R | 60.00 |
Highest
|
$212,774 | $0 | $212,774 |
| KAREN HASSAN | COMPLIANCE VETERINARIAN | 60.00 |
Highest
|
$191,900 | $10,690 | $202,590 |
| CHARLES SCHEELER | CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| STEVE BESHEAR | VICE-CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL THOMASON | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEONARD COLEMAN | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| ADOLPHO BIRCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH DE FRANCIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN STOVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DG VAN CLIEF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI MAZUR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $50,588,741 | $52,031,791 | $15,760,169 | $-1,443,050 |
| 2023 | $43,675,102 | $39,060,160 | $13,449,141 | $4,614,942 |
| 2022 | $12,323,223 | $12,942,697 | $5,472,847 | $-619,474 |
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