Trrac INC: FY2023 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

75 cents of each dollar spent went to programs.

75%

22%

Program services 75% · $190K Management & general 22% · $56K Fundraising 2% · $6K

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 Bradley

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 · $190K · in their own filed words · FY2023

01

For fiscal year 2023 62 of 63 horses received for phsycial therapy were adopted through the efforts of trrac inc

$190Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$268K

Ln 12

Fees for servicesLn 2g$267K

Other incomeLn 4–11$730

Money outPt IX

$252K

Ln 25

Programscol B$190K

Managementcol C$56K

Fundraisingcol D$6K

Owns and owesPt X

$16K

net assets · Ln 32

Cash and savingsLn 1–2$29K

Total assetsLn 16$71K

LiabilitiesLn 26$56K

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$267K

Other incomeLn 4–11$730

Total revenueLn 12$268K

Assets in detailPt X, end of year

CashLn 1$29K

Cash and savings togetherLn 1–2$29K

Total assetsLn 16$71K

LiabilitiesLn 26$56K

Net assetsLn 32$16K

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 FY23	End FY23
Cash and savingsLn 1–2	$20K	$29K
Total assetsLn 16	$53K	$71K
LiabilitiesLn 26	$53K	$56K
Net assetsLn 32	$0	$16K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$951		$951
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$418		$418
Other fees for servicesLn 11g	$17K	$14K	$4K
Information technologyLn 14	$10K		$10K
TravelLn 17	$5K		$5K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$164K	$152K	$12K
All other expensesLn 24e	$50K	$24K	$20K	$6K
Total functional expensesLn 25	$252K	$190K	$56K	$6K

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 Viewing	$268K	$252K	$16K	$16K	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $267,621 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $238,155$266,891

I-10 Investment income$0

I-11 Other revenuePrior year $256$730

I-12 Total revenuePrior year $238,411$267,621

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $11,206$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $240,699$251,919

I-18 Total expensesPrior year $251,905$251,919

I-19 Revenue less expensesPrior year −$13,494$15,702

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 $267,621 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $266,891$266,891

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $730$730

VIII-12 Total revenueRelated to mission $267,621 · Unrelated business $0 · Excluded from tax $0$267,621

Part IX · Statement of functional expenses $251,919 across 9 lines filed

IX-11a Management feesManagement $951$951

IX-11b Legal feesManagement $1,117$1,117

IX-11c Accounting feesManagement $418$418

IX-11g Other fees for servicesPrograms $13,720 · Management $3,584$17,304

IX-14 Information technologyManagement $10,180$10,180

IX-17 TravelManagement $5,161$5,161

IX-23 InsuranceManagement $2,682$2,682

IX-24 Other expenses (24a–d)Programs $152,352 · Management $11,640$163,992

IX-24e All other expensesPrograms $24,004 · Management $19,907 · Fundraising $6,203$50,114

IX-25 Total functional expensesPrograms $190,076 · Management $55,640 · Fundraising $6,203$251,919

Part X · Balance sheet $71,355 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $19,797$28,834

X-8 Inventories for sale or useStart of year $33,425$42,521

X-16 Total assetsStart of year $53,222$71,355

X-26 Total liabilitiesStart of year $53,222$55,653

X-32 Total net assets or fund balancesStart of year $0$15,702

X-33 Total liabilities and net assetsStart of year $53,222$71,355

Part XI · Reconciliation of net assets $15,702 net assets at year end

XI-1 Total revenue$267,621

XI-2 Total expenses$251,919

XI-3 Revenue less expenses$15,702

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$15,702

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Trrac INC FY2023 filing

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