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PeerBasis
Compensation Comparability Determination

Home Talent Colt Stakes Association Inc

Executive Director / CEO

EIN 311085083
OH · NTEE N69
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Elwood Woolman, Executive Director / CEO ($6,000) against every comparable organization that fit the selection criteria — 17 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 24th percentile of comparable organizationsbelow the typical range for comparable organizations

Benchmarked executive: Elwood Woolman — reported title “Secretary/Treasurer”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

17 organizations qualified on sector, size, and geography 17 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1 total compensation of comparable organizations → $61,579 $6,000
$1,19510th
$7,05325th
$13,855Median
$49,90475th
$57,35590th
$6,000This org · 24th
p10$1,195
p25$7,053
p50$13,855
p75$49,904
p90$57,355
$6,000

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to OH cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Sonrisas Therapeutic Riding Inc TX$281,434 Executive Director $7,689 $7,053 2024
Great Falls Turf Club Inc MT$274,245 President $9,304 $9,197 2024
Handicapped High Riders Club NJ$309,828 Director $73,050 $61,579 2023
American Cutting Horse Association TX$315,851 President $839 $792 2023
Dixie Region Team Penning Association TX$258,252 Secretary/treasurer $8,572 $8,096 2023
Hope For Heroes Horsemanship Center WA$257,039 Head Instructor $16,875 $13,855 2024
District Nine Idaho High School ID$256,076 Director/treasurer $1,500 $1,463 2024
Masterson Equestrian Trust Foundation Inc KY$245,183 President $1 $1 2024
Secretariat Center Inc KY$346,183 Executive Director $59,602 $58,724 2024
Handi Riders Inc SD$221,347 Executive Di $54,167 $56,442 2023
National Riding Stables Horse PA$220,222 Vice Preside $11,200 $10,243 2024
Discovery Riders Inc OH$219,261 Director $49,904 $49,904 2023
Alabama Hunter-jumper Association AL$209,498 Treasurer $6,000 $5,945 2024
Bridlepath Equine Center PA$205,586 President $48,561 $45,722 2023
Three Gaits Inc WI$385,023 Executive Director Thru November $35,440 $34,945 2023
Hope Horses & Kids CA$421,200 Executive Dir. $65,380 $53,303 2023
Heavens Gait Ranch Inc WI$424,448 President And Excutive Director $46,615 $45,964 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to OH cost of living and 2023 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to OH cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default24th
Total compensation (D + F), as reported (no adjustments)18th
Reportable pay only (column D), adjusted29th
All sources (D + E + F), adjusted24th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Elwood Woolman) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 17 similarly situated organizations (Same NTEE sector (N69), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $6,000 is reasonable (approximately the 24th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.