NEW YORK CITY (Thursday, April 17, 2014) – The National Thoroughbred Racing Association (NTRA) Board of Directors today approved the association’s audited financial results for the fiscal year concluding January 31, 2014, which reflect net revenues of $667,477. The results continued a positive trend from the previous fiscal year when NTRA net revenues were $66,850. Today’s action took place during the Board’s regularly scheduled second-quarter meeting.
“The positive 2013 financial results were accomplished through disciplined reductions in spending as well as unprecedented growth in a variety of areas, especially the NTRA Advantage group purchasing program,” said NTRA President and CEO Alex Waldrop. “The NTRA is building a sustainable future by producing valuable programs and building strong partnerships while reducing its reliance on dues support from members.”
The complete NTRA financials and the company’s annual report will be released in early June.
In other action, the Board:
- Ratified the 2014 NTRA Safety and Integrity Alliance Code of Standards;
- Reviewed recent progress in industry-wide efforts to implement uniform national medication reforms; and
- Received updates on federal legislative activities in Washington, D.C., marketing, communications and the Advantage purchasing program.
The next regularly scheduled meeting of the NTRA Board of Directors will be August 8 in Saratoga Springs, N.Y.
About the NTRA
The NTRA is a broad-based coalition of more than 80 horse racing interests consisting of leading Thoroughbred racetracks, owners, breeders, trainers, horseplayers and affiliated horse racing associations, charged with increasing the popularity of horse racing and improving economic conditions for industry participants. The NTRA has offices in Lexington, Ky., and New York City. NTRA press releases appear on NTRA.com, Twitter (@ntra) and Facebook (facebook.com/1NTRA).