California Thoroughbred Horsemen's Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 953873222 ✦ Arcadia, CA ✦ Designated as a 501(c)(3)

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Overview

What is California Thoroughbred Horsemen's Foundation Inc?

California Thoroughbred Horsemen's Foundation Inc is a nonprofit organization situated in Arcadia, California. With a workforce of 23 employees, their mission is focused on enhancing the well-being of individuals involved in the care of thoroughbred horses in California. They operate facilities in both northern and southern California, providing essential medical and dental services to approximately 2,500 backstretch workers and their families. These services encompass hospital care, outpatient treatments, alcohol and drug rehabilitation, welfare assistance, prescription medications, medical supplies, and ambulance services. By doing so, the California Thoroughbred Horsemen's Foundation plays a significant role in supporting the health and welfare of the individuals and their families directly involved in the thoroughbred horse industry in California.


Official website here: www.cthf.info

What are the reviews and ratings of this charity?

Charity Navigator Rating: 98% (Four-Star out of Four Stars)

The California Thoroughbred Horsemen's Foundation Inc has achieved an impressive 98% rating, reflecting its strong commitment to accountability and finance with a perfect score of 100 in that category. The organization demonstrates excellent governance practices, including a fully independent board of directors and robust financial oversight. With a high program expense ratio of 87.47%, it shows a dedicated focus on its mission over administrative costs.

In addition to its financial strengths, the organization has received a solid score of 85 in Culture & Community, indicating a healthy relationship with its constituents. Feedback collection and usage practices are rated highly, showcasing the foundation's commitment to engaging with the community it serves. However, there are some noted limitations in its equity strategies, scoring 77 out of 100 in data, policies, and processes, which suggests room for improvement in this area.

Overall, the California Thoroughbred Horsemen's Foundation Inc stands out for its financial health and community engagement, making it a trustworthy organization within its sector. While it excels in many areas, addressing its equity strategies could further enhance its impact and effectiveness in serving its constituents.


This AI summary has been generated from information found on Charity Navigator.

Is California Thoroughbred Horsemen's Foundation Inc legitimate?

California Thoroughbred Horsemen's Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Thoroughbred Horsemen's Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $174,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $920,238

For more financial information, click here


Official website here: www.cthf.info

What is the mission statement of California Thoroughbred Horsemen's Foundation Inc?

The California Thoroughbred Horsemen's Foundation Inc is dedicated to enhancing the well-being of individuals directly involved in the care of thoroughbred horses. Their mission is to provide health and welfare benefits to these individuals and their families. They accomplish this by operating facilities in both northern and southern California, offering medical and dental services. These services include hospital care, outpatient treatments, alcohol and drug rehabilitation, welfare assistance, prescription medications, medical supplies, and ambulance services, catering to approximately 2500 backstretch workers and their families. The healthcare professionals associated with the foundation are committed to improving the lives of those who dedicate their careers to the well-being of thoroughbred horses.


Official website here: www.cthf.info

Who is the CEO of California Thoroughbred Horsemen's Foundation Inc?

Cliff Goodrich is the Chair/President of California Thoroughbred Horsemen's Foundation Inc.


Official website here: www.cthf.info

What is the revenue of California Thoroughbred Horsemen's Foundation Inc?

California Thoroughbred Horsemen's Foundation Inc's revenue in 2022 was $2,219,766.


Official website here: www.cthf.info

Who are the executives of California Thoroughbred Horsemen's Foundation Inc and what are their salaries?

The average compensation at California Thoroughbred Horsemen's Foundation Inc during 2022 was $47,590. There are 23 employees and 9 volunteers at California Thoroughbred Horsemen's Foundation Inc.


Here are 10 key members and their salaries:


Ken Smole (Chair/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Levine Md (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Carmona (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damascus Castellanos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Gold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Rubinstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas R Bell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Sindler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Millie Yakteen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cliff Goodrich (Executive Director)
  • Compensation: $174,408
  • Related: $0
  • Other: $8,699


Official website here: www.cthf.info

Where can I find the form 990 for California Thoroughbred Horsemen's Foundation Inc?

California Thoroughbred Horsemen's Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cthf.info

Learn more at the official website: www.cthf.info

Mission Statement of California Thoroughbred Horsemen's Foundation Inc

California Thoroughbred Horsemen's Foundation Inc is committed to enhancing the well-being of individuals who work directly with thoroughbred horses. Their mission is to provide health and welfare benefits to these workers and their families. The organization achieves this by operating facilities in both northern and southern California, offering a range of medical and dental services. These services are delivered by qualified medical and dental professionals and include hospital care, outpatient treatments, alcohol and drug rehabilitation, welfare assistance, prescription drugs, medical supplies, and ambulance services. The foundation aims to improve the overall health and living conditions of approximately 2500 backstretch workers and their families, providing them with essential care and support.

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Impact




July, 2024

California Thoroughbred Horsemen's Foundation Inc improves the well-being of Thoroughbred horse workers by providing crucial healthcare services at local clinics. Operating facilities in both Northern and Southern California, the organization offers medical and dental care to approximately 2,500 backstretch workers and their families. These essential services, provided by professionals, include hospital care, outpatient treatments, alcohol and drug rehabilitation, welfare assistance, prescriptions, medical supplies, and ambulance services. By focusing on the health and welfare of individuals and their families in occupations directly related to the care of Thoroughbred horses in California, the organization makes a significant impact on the community.




This information is meant to be a general summary of California Thoroughbred Horsemen's Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,219,766 (2022)
Expenses
$1,987,768 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $141,124
  • Program Service Revenue: $158,651
  • Gross Receipts: $2,251,544

Assets and Liabilities:

  • Total Assets: $4,792,139
  • Total Liabilities: $96,702
  • Net Assets: $4,695,437

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICAL & DENTAL SERVI

Revenue

$158,651

Organization Details

Founding Year

1983

Principal Officer

Cliff Goodrich

Main Address

PO BOX 660129, ARCADIA, CA, 91066

NTEE Category

Code: Y20 - Mutual benefit

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