Page 95 - New Mexico Horse Breeder Spring 2018

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In her report to the membership, NMHBA executive director Anna Fay Davis presented a summary of the association’s financial status, including its general fund comparison between 2017 and ’16.
Discussing the NMHBA general fund comparison, Davis pointed out some of the areas where the association cut expenses compared to 2016. For example, board expenses decreased 84 percent from $2,315 in 2016 to $372 in 2017, annual meeting and banquet expenses dropped 61 percent from $30,924 to $11,931, web site expenses decreased 13 percent from $11,220 to $9,774, and magazine publication costs fell 4 percent from $43,805 to $41,910.
Areas where expenses increased included advertising (from $625 in 2016 to $2,790 in ’17), employee health and retirement benefits
The 2018 annual meeting also featured five “breakout sessions,” where members learned more about selected topics related to racing, training and breeding.
Heading the sessions were Dr. Miguel Gallegos, who discussed the proposed New Mexico-bred Triple Crown series for 3-year-old Thoroughbreds, Norma Alvarez (sales preparation), Leslie Goncharoff (foaling), Dr. Kevin Blach (breeding) and Donna McArthur (training).
An idea conceived by Dr. Gallegos, the New Mexico-bred Triple Crown would feature races at Sunland Park, Albuquerque Downs and Zia Park. There would be two separate categories, one for colts/geldings, one for fillies, and separate categories for distances
(5 1/2-6 furlongs and 1 mile-1 1/16 miles. Triple Crown bonuses would total $500,000 for a Triple Crown winner in the colts/gelding divisions and $200,000 for a Triple Crown winner in the fillies divisions.
(from $50,007 to $52,332) and marketing (from $4,157 to $7,036). However, at the end of the year the excess revenue for 2017 of $55,832 marked a substantial increase over the excess revenue for the previous year of $2,667.
From September 10, 2016-September
24, 2017 -- excluding the 2017 Zia Park
season -- the NMHBA distributed a total of $3,776,108.69 in awards: $1,641,786.59 in owners’ awards, $1,847,007.32 in breeders’ awards and $287,314.58 in stallion owners’ awards. The total distribution marked a decrease of 2 percent from the previous year’s distribution of $3,860,674.95.
A total of 1,489 checks were issued: 958 to owners, 376 to breeders, and 155 to stallion owners. The top five award recipients were, in order: MJ Farms, Mike C. Abraham et al, R.D.
Dr. Miguel Gallegos
Hubbard et al, J. Kirk & Judy Robison, Sam E. Stevens and Sammy L. Stevens.
Regarding registrations, 961 New Mexico- bred horses (497 Quarter Horses and 464 Thoroughbreds) were registered in 2017, down 7 percent from the previous year, when 1,029 (583 Quarter Horses and 446 Thoroughbreds) were registered, and down 10 percent from 2015, when 1,068 (524 Quarter Horses and 544 Thoroughbreds) were registered.
Breaking it down by breed, the number of New Mexico-bred Quarter Horses registered in 2017 dropped by 15 percent from 583 to 497. However, that decrease was partially offset by a 4 percent increase in the number of New Mexico- bred Thoroughbreds registered, from 446 to 464.
NMHBA membership increased slightly from 809 in 2016 to 811 last year.
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