HORSERACING INTEGRITY AND SAFETY AUTHORITY INC

EIN: 861940818 Community Improvement

LEXINGTON, KY

Total Revenue
$50,588,741
Total Expenses
$52,031,791
Total Assets
$15,760,169
Net Assets
$-106,974
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
CHARLES SCHEELER
Phone
8592552341
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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. 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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $49,726,124
Investment Income $25,264
Other Revenue $837,353
TOTAL REVENUE $50,588,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,735,760
Fundraising Expenses $0
Program Expenses $46,639,627
Other Expenses $47,296,031
TOTAL EXPENSES $52,031,791

Year-over-Year Comparison

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%
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
9
Independent Members
9
Employees
27
Volunteers
77

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
2
$974,217
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
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
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
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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