FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Transitioning retired Thoroughbreds to their next careers.

aka FL TRAC | Palm City, FL | www.fltrac.org

GuideStar Charity Check

EIN: 27-3466408

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

View summary

Charity Check report

Mission

Florida Thoroughbred Retirement and Adoptive Care, a 501(c)3 non-profit organization, strives to provide retired racehorses both meaningful second careers and an excellent quality of life. We rehabilitate thoroughbreds by providing professional care and training for each as an individual. A rigorous screening process attempts to match each thoroughbred with loving adopters with the goal to provide a new opportunity and purpose for a second career in the show world, polo fields, therapeutic riding program or simply as a loving companion.

Ruling year info

2010

President

Wendy Slattery

Main address

6830 SW Markel Street

Palm City, FL 34990 USA

Show more contact info

EIN

27-3466408

Subject area info

Animal welfare

Human-animal interactions

Equestrianism

Population served info

Adults

NTEE code info

(Animal Protection and Welfare (includes Humane Societies and SPCAs)) (D20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

FL TRAC is addressing the important work in responsibly transitioning retiring thoroughbred racehorses to their next chapter of their lives in South Florida. As the thoroughbred industry has continued to evolve so has the conversation of how to take care of our athletes once their racing careers have come to a close. Whether a horse is in 100% condition or less upon retirement, it is our obligation and duty to make sure they are respectfully tended to and responsibly transitioned and positioned for the most success in the second part of their lives.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Florida Thoroughbred Retirement and Adoptive Care, Inc.

FL TRAC is a FL based retired Thoroughbred facility who specializes in transitioning, rehabbing and rehoming racehorses once they are ready to retire from their racing careers.

Population(s) Served

Adults

Where we work

External reviews

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of animals rehabilitated

Totals By Year

Population(s) Served

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Number of animals monitored post release

Totals By Year

Population(s) Served

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Number of animal adoptions

Totals By Year

Population(s) Served

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Context Notes

Number of sheltered animals

Totals By Year

Population(s) Served

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Context Notes

This metric will fluctuate as horses are entered into the program and adopted from the program.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

FL TRAC strives to provide retired racehorses both meaningful second careers and an excellent quality of life. We rehabilitate thoroughbreds by providing professional care and training for each as an individual. A rigorous screening process attempts to match each thoroughbred with loving adopters with the goal to provide a new opportunity and purpose for a second career in the show world, polo fields, therapeutic riding program or simply as a loving companion.

What are the organization's key strategies for making this happen?

The main strategies are to identify each horses strengths and weaknesses and make sure we are doing our best to most accurately represent them to potential adopters who will provide amazing long-term homes for them. By doing this we can help ensure successful relationships. We focus on a strong social media presence and engagement with our supporters. Much of what we do is word of mouth, so it is imperative to strive to be the best and be industry leading in our approaches.

What are the organization's capabilities for doing this?

We are immensely capable and successful in the important work of Thoroughbred Aftercare. We have an unbelievably dedicated staff and volunteer base who tend to the needs of our large population which averages 10 retired thoroughbreds. Having the opportunity to be at a facility where we can house everyone at one location allows us to maintain maximum productivity and efficiency.

What have they accomplished so far and what's next?

In the last almost 13 years we have successfully adopted hundreds of retired thoroughbreds with the last 5 years alone adopting well over 250 retired Thoroughbreds. We are looking to build on a solid financial foundation so we may work toward owning our location and ensuring the organization is in control of its own future. In addition, we continue to search for innovative ideas and better business practices to be as efficient in every aspect of our business from administration to horse care. As long as there is Thoroughbred horse racing there will always be a need for this important niche. We feel very lucky to be part of these amazing horses lives.

Financials

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Fiscal year: Jan 01 - Dec 31

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

49.00

Average of 66.81 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

4

Average of 2 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

0%

Average of 6% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$519,462
Government Grants	$12,150
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$531,612

Expenses
Program Services	$538,448
Administration	$57,032
Fundraising	$8,413
Total Expenses	$603,893
Net Gain/Loss	($72,281)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$618
Interest Expenses	$0
Investment Management Fees	$8,413
Legal Fees	$930
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$899,308
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$899,308

Expenses
Program Services	$816,826
Administration	$169,416
Fundraising	$4,350
Total Expenses	$990,592
Net Gain/Loss	($91,284)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$7,167
Interest Expenses	$0
Investment Management Fees	$4,350
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,032,773
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,032,773

Expenses
Program Services	$736,194
Administration	$252,510
Fundraising	$1,200
Total Expenses	$989,904
Net Gain/Loss	$42,869

Functional expenses
Accounting Fees	$3,797
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$2,859
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,255,589
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$23,011
Sales	$0
Other	$0
Total Revenue	$1,278,600

Expenses
Program Services	$805,805
Administration	$379,590
Fundraising	$1,215
Total Expenses	$1,186,610
Net Gain/Loss	$91,990

Functional expenses
Accounting Fees	$2,747
Advertising & Promotion	$355
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,363,285
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$4,444
Sales	$0
Other	$0
Total Revenue	$1,367,729

Expenses
Program Services	$792,618
Administration	$528,239
Fundraising	$4,974
Total Expenses	$1,325,831
Net Gain/Loss	$41,898

Functional expenses
Accounting Fees	$6,200
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$3,388
Interest Expenses	$29
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,364,882
Government Grants	$0
Program Services	$0
Investments	($355)
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,364,527

Expenses
Program Services	$1,328,451
Administration	$94,387
Fundraising	$0
Total Expenses	$1,422,838
Net Gain/Loss	($58,311)

Functional expenses
Accounting Fees	$5,650
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$3,887
Interest Expenses	$7,072
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,680,416
Government Grants	$0
Program Services	$0
Investments	$488
Special Events	$45,020
Sales	$0
Other	$21,580
Total Revenue	$1,747,504

Expenses
Program Services	$1,141,487
Administration	$45,358
Fundraising	$0
Total Expenses	$1,186,845
Net Gain/Loss	$560,659

Functional expenses
Accounting Fees	$13,045
Advertising & Promotion	$11,321
Information Technology Expenses	$0
Insurance Expenses	$22,071
Interest Expenses	$38
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,388,226
Government Grants	$0
Program Services	$0
Investments	$778
Special Events	$5,075
Sales	$0
Other	$56,607
Total Revenue	$1,450,686

Expenses
Program Services	$1,171,239
Administration	$28,774
Fundraising	$0
Total Expenses	$1,200,013
Net Gain/Loss	$250,673

Functional expenses
Accounting Fees	$8,040
Advertising & Promotion	$16,743
Information Technology Expenses	$0
Insurance Expenses	$44,055
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$1,500
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$698,938
Government Grants	$0
Program Services	$0
Investments	$15,751
Special Events	$66,658
Sales	$0
Other	$84,841
Total Revenue	$866,188

Expenses
Program Services	$1,183,503
Administration	$58,205
Fundraising	$0
Total Expenses	$1,241,708
Net Gain/Loss	($375,520)

Functional expenses
Accounting Fees	$6,350
Advertising & Promotion	$38,091
Information Technology Expenses	$0
Insurance Expenses	$45,898
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$10,180
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$880,564
Government Grants	$0
Program Services	$64,747
Investments	$747
Special Events	$3,590
Sales	$0
Other	$0
Total Revenue	$949,648

Expenses
Program Services	$1,264,895
Administration	$21,226
Fundraising	$0
Total Expenses	$1,286,121
Net Gain/Loss	($336,473)

Functional expenses
Accounting Fees	$5,990
Advertising & Promotion	$17,506
Information Technology Expenses	$0
Insurance Expenses	$41,494
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$180
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$609,445
Government Grants	$0
Program Services	$53,651
Investments	$5
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$663,101

Expenses
Program Services	$723,676
Administration	$6,035
Fundraising	$0
Total Expenses	$729,711
Net Gain/Loss	($66,610)

Functional expenses
Accounting Fees	$6,035
Advertising & Promotion	$16,066
Information Technology Expenses	$0
Insurance Expenses	$6,775
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$209,225
Government Grants	$230,654
Program Services	$3,500
Investments	$483
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$443,862

Expenses
Program Services	$281,460
Administration	$13,113
Fundraising	$0
Total Expenses	$294,573
Net Gain/Loss	$149,289

Functional expenses
Accounting Fees	$3,075
Advertising & Promotion	$99
Information Technology Expenses	$1,585
Insurance Expenses	$6,105
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$519,462
Cash & Equivalents	$7,601	$2,407	($5,194)
Accounts Receivable	$0	$20,500	$20,500
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$7,601	$22,907	$15,306

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$0	$88,085	$88,085
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$88,085	$88,085

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$7,601	($65,178)	($72,779)

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$899,308
Cash & Equivalents	$2,407	$6,220	$3,813
Accounts Receivable	$20,500	$9,500	($11,000)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$18,890	$18,890
Other	$0	$0	$0
Total Assets	$22,907	$34,610	$11,703

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$88,085	$189,908	$101,823
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$1,219	$1,219
Total Liabilities	$88,085	$191,127	$103,042

Fund balance	Jan 01, 2012	Dec 31, 2012	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	($65,178)	($156,517)	($91,339)

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$1,032,773
Cash & Equivalents	$6,220	$3,415	($2,805)
Accounts Receivable	$9,500	$0	($9,500)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$18,890	$18,890	$0
Other	$0	$0	$0
Total Assets	$34,610	$22,305	($12,305)

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Accounts Payable	$189,908	$133,271	($56,637)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$1,219	$2,686	$1,467
Total Liabilities	$191,127	$135,957	($55,170)

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	($156,517)	($113,652)	$42,865

Assets	Jan 01, 2014	Dec 31, 2014	Change
Contributions	$1,255,589
Cash & Equivalents	$3,415	$61,521	$58,106
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$9,445	$4,068	($5,377)
Other	$0	$0	$0
Total Assets	$12,860	$65,589	$52,729

Liabilities	Jan 01, 2014	Dec 31, 2014	Change
Accounts Payable	$133,271	$90,382	($42,889)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$2,686	$6,314	$3,628
Total Liabilities	$135,957	$96,696	($39,261)

Fund balance	Jan 01, 2014	Dec 31, 2014	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	($123,097)	($31,107)	$91,990

Assets	Jan 01, 2015	Dec 31, 2015	Change
Contributions	$1,363,285
Cash & Equivalents	$61,521	$61,049	($472)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$4,068	$19,550	$15,482
Other	$0	$0	$0
Total Assets	$65,589	$80,599	$15,010

Liabilities	Jan 01, 2015	Dec 31, 2015	Change
Accounts Payable	$90,382	$66,924	($23,458)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$6,314	$2,884	($3,430)
Total Liabilities	$96,696	$69,808	($26,888)

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$260,402	-$361,267	-$325,801	-$58,491	$148,975
As % of expenses	21.9%	-29.4%	-25.5%	-8.1%	50.9%
Unrestricted surplus (deficit) after depreciation	$250,673	-$375,520	-$336,473	-$66,610	$147,048
As % of expenses	20.9%	-30.2%	-26.2%	-9.1%	49.9%

Revenue composition
Total revenue (unrestricted & restricted)	$1,450,686	$866,188	$949,648	$663,101	$443,862
Total revenue, % change over prior year	-17.0%	-40.3%	9.6%	-30.2%	-33.1%
Program services revenue	0.0%	0.0%	6.8%	8.1%	0.8%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.3%	1.8%	0.1%	0.0%	0.0%
Government grants	0.0%	0.0%	0.0%	0.0%	52.0%
All other grants and contributions	96.0%	88.4%	93.1%	91.9%	47.1%
Other revenue	3.7%	9.8%	0.0%	0.0%	0.1%

Expense composition
Total expenses before depreciation	$1,190,284	$1,227,455	$1,275,449	$721,592	$292,646
Total expenses, % change over prior year	0.6%	3.1%	3.9%	-43.4%	-59.4%
Personnel	31.4%	34.5%	36.8%	37.4%	34.3%
Professional fees	1.4%	2.1%	0.5%	0.8%	3.7%
Occupancy	15.4%	15.0%	15.7%	11.7%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	51.7%	48.4%	47.0%	50.0%	62.1%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$1,200,013	$1,241,708	$1,286,121	$729,711	$294,573
One month of savings	$99,190	$102,288	$106,287	$60,133	$24,387
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$51,113	$0	$0	$0	$0
Total full costs (estimated)	$1,350,316	$1,343,996	$1,392,408	$789,844	$318,960

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	6.9	3.2	0.7	0.4	4.0
Months of cash and investments	6.9	3.2	0.7	0.4	4.0
Months of estimated liquid unrestricted net assets	6.9	3.2	0.0	-1.0	3.9

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$685,830	$326,684	$79,610	$24,086	$96,385
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$70,533	$70,533	$70,533	$70,533	$44,814
Accumulated depreciation (as a % of LBE)	29.3%	49.5%	64.6%	76.1%	83.5%
Liabilities (as a % of assets)	0.2%	1.3%	78.8%	205.6%	1.9%
Unrestricted net assets	$0	$0	$22,354	-$44,256	$102,792
Temporarily restricted net assets	$0	N/A	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$734,347	$358,827	$22,354	-$44,256	$102,792

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

President

Wendy Slattery

Number of employees

Source: IRS Form 990

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Board of directors
as of 06/08/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Adam Lazarus

Pinnacle Racing Stable

Term: 2020 -

Adam Lazarus

Pinnacle Racing Stable

Raina Gunderson

Gulfstream Park

Katie Schmit

FL TRAC

Michelle Arsenault

Nicole Nosewicz

Wendy Slattery

Ashley Mailloux

Karen Monaco

Organizational demographics

SOURCE: Self-reported; last updated 6/8/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female

Sexual orientation

Decline to state

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

No data

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Transitioning retired Thoroughbreds to their next careers.

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

Florida Thoroughbred Retirement and Adoptive Care, Inc.

Where we work

Our results

Evaluation documents

Number of animals rehabilitated

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of animals monitored post release

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of animal adoptions

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of sheltered animals

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

49.00

Months of cash in 2022 info

4

Fringe rate in 2022 info

0%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

President

Wendy Slattery

Number of employees

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Compensation data

FLORIDA THOROUGHBRED RETIREMENT AND ADOPTIVE CARE PROGRAM, INC.

Board of directors data

Adam Lazarus

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities