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Filing year 2024

PRAIRIE MEADOWS RACE TRACK AND CASINO INC

Altoona, Iowa·EIN 42-1244913·4
Total revenue
$2.5B
Total assets
$327.6M
Total expenses
$2.5B
Reported officers
25
Mission

PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(4), PRAIRIE MEADOWS RACE TRACK AND CASINO IS NOT ORGANIZED FOR PROFIT BUT IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT. THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT INCLUDES PROVIDING A SOURCE OF RECREATION FOR THE COMMUNITY AND PROVIDING A GENERALLY POSITIVE ECONOMIC IMPACT ON CENTRAL IOWA IN CONJUNCTION WITH THE CITIZENS AND LOCAL GOVERNMENT IN THE AREA. PURSUANT TO SECTION 99F.6(4)(A) OF THE IOWA CODE, PRAIRIE MEADOWS RACE TRACK AND CASINO IS REQUIRED TO DISTRIBUTE AND DOES DISTRIBUTE ITS PROFITS FOR "EDUCATIONAL, CIVIC, PUBLIC, CHARITABLE, PATRIOTIC, OR RELIGIOUS" USES AS DEFINED IN SECTION 99B.7(3)(B) OF THE IOWA CODE.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

$1.9M
$2M
Base
$720k
Bonus
$996k
Other
$103k
Benefits
$16k
Executive VP
executive vice president
$652k
$701k
Base
$373k
Bonus
$187k
Other
$26k
Benefits
$28k
Sr VP of Business Development
vice president
$417k
$448k
Base
$239k
Bonus
$82k
Other
$21k
Benefits
$36k
Sr VP of Security
vice president
$413k
$444k
Base
$249k
Bonus
$100k
Other
$18k
Benefits
$8k
VP of Racing
vice president
$356k
$383k
Base
$199k
Bonus
$83k
Other
$17k
Benefits
$24k
Sr VP of Administration
vice president
$308k
$331k
Base
$238k
Bonus
Other
$17k
Benefits
$25k
VP of Finance, CFO
$292k
$314k
Base
$85k
Bonus
$97k
Other
$91k
Benefits
$8k
Director of IT
chief information officer
$291k
$313k
Base
$179k
Bonus
$53k
Other
$13k
Benefits
$18k
Former Officer
former officer/director/trustee
$240k
$258k
Base
Bonus
$32k
Other
$207k
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 16 unpaid individuals.

Up 8%
from 2023

From $1.7M in 2023 to $1.9M in 2024.

$1.7M
2023
$1.9M
2024
In today's dollarsEst.
Up 5% in real terms$1.9M to $2M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PRAIRIE MEADOWS RACE TRACK AND CASINO INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.6B
$2.6B
2023
$2.5B
$2.5B
2024
Total revenue and total expenses from IRS Form 990 filings.
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