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Trrac INC FY2024 filing

Tax-deductible

Coatesville, PA501(c)(3)Since 2017AnimalsEIN 81-2524735Revenue $254K in FY2024

On file with the IRSottbs.org2092 Strasburg Rd, 19320-5231 · Coatesville, PATax-exempt since Mar 2017Publicly supported — 509(a)(2)

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To provide equine rehabitation and adoption for older sick or otherwise impaired horses

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $111K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$254K
-5% vs prior year
Spent
$232K
To programs
91%
Net assets
$38K
By yearFY2020–FY2025
Revenue
$254K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$191K
FY2021$243K
FY2022$238K
FY2023$268K
FY2024$254K
FY2025$263K
Expenses
$232K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$234K
FY2022$252K
FY2023$252K
FY2024$232K
FY2025$253K
Net assets
$38K
FY2024▲ +141%
Tap a bar for its year
Net assets by fiscal year
FY2020−$18K
FY2021−$9K
FY2022−$22K
FY2023$16K
FY2024$38K
FY2025$49K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $210K Management & general 9% · $22K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Nina Bradley
President
$0Pt VII · Sec A
Laura Bradley
Vice Priesident
$0Pt VII · Sec A
Jennifer Hyde
Secretary
$0Pt VII · Sec A
Melanie Olinik
Board Memeber
$0Pt VII · Sec A
See Trrac INC executive salaries →

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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 · $210K · in their own filed words · FY2024
01

For fiscal year 2024 38 of 67 horses received for phsycial therapy were adopted through the efforts of trrac inc

$210Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$254K
Ln 12
Fees for servicesLn 2g$254K
Money outPt IX
$232K
Ln 25
Programscol B$210K
Managementcol C$22K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$92K
LiabilitiesLn 26$54K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$254K
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Total assetsLn 16$92K
LiabilitiesLn 26$54K
Net assetsLn 32$38K
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
LineStart FY24End FY24
Cash and savingsLn 1–2$29K$31K
Total assetsLn 16$71K$92K
LiabilitiesLn 26$56K$54K
Net assetsLn 32$16K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$19K
Other fees for servicesLn 11g$17K$15K$2K
Office expensesLn 13$385$385
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$158K$158K
All other expensesLn 24e$35K$35K
Total functional expensesLn 25$232K$210K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $263K$253K$11K$49K 990 PDF
FY2024 Viewing $254K$232K$22K$38K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $253,940 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $266,891$253,940
I-10 Investment income$0
I-11 Other revenuePrior year $730$0
I-12 Total revenuePrior year $267,621$253,940
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$19,110
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $251,919$212,664
I-18 Total expensesPrior year $251,919$231,774
I-19 Revenue less expensesPrior year $15,702$22,166
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $253,940 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $253,940$253,940
VIII-12 Total revenueRelated to mission $253,940 · Unrelated business $0 · Excluded from tax $0$253,940
Part IX · Statement of functional expenses $231,774 across 6 lines filed
IX-7 Other salaries and wagesManagement $19,110$19,110
IX-11g Other fees for servicesPrograms $15,005 · Management $2,279$17,284
IX-13 Office expensesManagement $385$385
IX-23 InsurancePrograms $2,126$2,126
IX-24 Other expenses (24a–d)Programs $158,137$158,137
IX-24e All other expensesPrograms $34,732$34,732
IX-25 Total functional expensesPrograms $210,000 · Management $21,774 · Fundraising $0$231,774
Part X · Balance sheet $92,344 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $28,834$31,121
X-8 Inventories for sale or useStart of year $42,521$61,223
X-16 Total assetsStart of year $71,355$92,344
X-26 Total liabilitiesStart of year $55,653$54,476
X-32 Total net assets or fund balancesStart of year $15,702$37,868
X-33 Total liabilities and net assetsStart of year $71,355$92,344
Part XI · Reconciliation of net assets $37,868 net assets at year end
XI-1 Total revenue$253,940
XI-2 Total expenses$231,774
XI-3 Revenue less expenses$22,166
XI-4 Net assets at start of year$15,702
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,868

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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