Trrac INC: FY2022 Nonprofit Profile & Form 990 (EIN 81-2524735)

Revenue by fiscal year
FY2020	$191K
FY2021	$243K
FY2022	$238K
FY2023	$268K
FY2024	$254K
FY2025	$263K

Expenses by fiscal year
FY2020	$212K
FY2021	$234K
FY2022	$252K
FY2023	$252K
FY2024	$232K
FY2025	$253K

Net assets by fiscal year
FY2020	−$18K
FY2021	−$9K
FY2022	−$22K
FY2023	$16K
FY2024	$38K
FY2025	$49K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

84%

14%

Program services 84% · $213K Management & general 14% · $35K Fundraising 2% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

-Nina Lyman

President

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Rehabilitates and finds homes for older, sick, or impaired horses.

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Provided by the organization

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1 program · $213K · in their own filed words · FY2022

01

For fiscal year 2021 58 of 76 horses received for phsycial therapy were adopted through the efforts of trrac inc

$213Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Thoroughbred Aftercare Alliance Foundation INCFY2024$110K

Jpmorgan Chase FoundationFY2024$800

Total grants receivedfrom 2 funders$111K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$238K

Ln 12

Fees for servicesLn 2g$238K

Other incomeLn 4–11$256

Money outPt IX

$252K

Ln 25

Programscol B$213K

Managementcol C$35K

Fundraisingcol D$4K

Owns and owesPt X

−$22K

net assets · Ln 32

Cash and savingsLn 1–2$20K

Total assetsLn 16$31K

LiabilitiesLn 26$53K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$238K

Other incomeLn 4–11$256

Total revenueLn 12$238K

Assets in detailPt X, end of year

CashLn 1$20K

Cash and savings togetherLn 1–2$20K

Total assetsLn 16$31K

LiabilitiesLn 26$53K

Net assetsLn 32−$22K

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$32K	$20K
Total assetsLn 16	$53K	$31K
LiabilitiesLn 26	$61K	$53K
Net assetsLn 32	−$9K	−$22K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$10K		$10K
Payroll taxesLn 10	$988		$988
Management feesLn 11a	$4K		$4K
Legal feesLn 11b	$500		$500
Accounting feesLn 11c	$2K		$2K
Other fees for servicesLn 11g	$380		$380
Information technologyLn 14	$2K		$2K
TravelLn 17	$4K		$4K
InsuranceLn 23	$593	$593
Other expenses (24a–d)Ln 24	$189K	$189K
All other expensesLn 24e	$37K	$23K	$10K	$4K
Total functional expensesLn 25	$252K	$213K	$35K	$4K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$263K	$253K	$11K	$49K	990 PDF
FY2024	$254K	$232K	$22K	$38K	990 PDF
FY2023	$268K	$252K	$16K	$16K	990 PDF
FY2022 Viewing	$238K	$252K	−$13K	−$22K	990 PDF
FY2021	$243K	$234K	$9K	−$9K	990 PDF
FY2020	$191K	$212K	−$21K	−$18K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $238,411 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $241,612$238,155

I-10 Investment income$0

I-11 Other revenuePrior year $1,698$256

I-12 Total revenuePrior year $243,310$238,411

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $13,174$11,206

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $220,767$240,699

I-18 Total expensesPrior year $233,941$251,905

I-19 Revenue less expensesPrior year $9,369−$13,494

Part VI · Governance 2 of 2 board members independent, 5 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $238,411 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $238,155$238,155

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $256$256

VIII-12 Total revenueRelated to mission $238,411 · Unrelated business $0 · Excluded from tax $0$238,411

Part IX · Statement of functional expenses $251,905 across 11 lines filed

IX-7 Other salaries and wagesManagement $10,218$10,218

IX-10 Payroll taxesManagement $988$988

IX-11a Management feesManagement $4,392$4,392

IX-11b Legal feesManagement $500$500

IX-11c Accounting feesManagement $2,298$2,298

IX-11g Other fees for servicesManagement $380$380

IX-14 Information technologyManagement $2,124$2,124

IX-17 TravelManagement $3,932$3,932

IX-23 InsurancePrograms $593$593

IX-24 Other expenses (24a–d)Programs $189,475$189,475

IX-24e All other expensesPrograms $22,538 · Management $10,000 · Fundraising $4,467$37,005

IX-25 Total functional expensesPrograms $212,606 · Management $34,832 · Fundraising $4,467$251,905

Part X · Balance sheet $31,094 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $32,064$19,797

X-8 Inventories for sale or useStart of year $20,405$11,297

X-16 Total assetsStart of year $52,755$31,094

X-26 Total liabilitiesStart of year $61,389$53,222

X-32 Total net assets or fund balancesStart of year −$8,634−$22,128

X-33 Total liabilities and net assetsStart of year $52,755$31,094

Part XI · Reconciliation of net assets −$22,128 net assets at year end

XI-1 Total revenue$238,411

XI-2 Total expenses$251,905

XI-3 Revenue less expenses−$13,494

XI-4 Net assets at start of year−$8,634

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$22,128

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Trrac INC FY2022 filing

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