The Horseracing Integrity and Safety Authority had a $619,000 operating loss in 2022 on top of a $2.6 million operating loss in the year prior, when it had no sources of revenue, according to tax filings that were made available by the non-profit company on Wednesday. The two years of results, which resulted in a $3.3 million operating deficit by the end of last year, comprised the start-up phase of the company and the six months in which HISA enforced racetrack safety regulations in most U.S. racing jurisdictions, starting on July 1, 2022. According to the tax filings, revenue in 2022 was $12.32 million, while expenses were $12.94 million, including $1.2 million in salaries and compensation. According to the tax filings, Lisa Lazarus, the chief executive officer of the company, had $442,000 in “reportable compensation” in 2022. Lazarus was hired to her positioneffective mid-February, 2022. The organization’s former interim chief executive officer, Hank Zeitlin, was paid $314,827. The documents show that HISA is carrying $5.15 million in debt and that the company had accrued $3.60 million in accounts payable by the end of 2022. HISA’s start-up phase and its current operations have been financially supported by The Jockey Club, Breeders’ Cup, and National Thoroughbred Racing Association, HISA officials have said.  HISA collected $11.8 million from racetracks or state racing commissions during 2022 as fees for its services, according to the filings, by far its largest source of revenue. The other $500,000 was generated through fines and “general operations.” The largest line item for HISA’s nearly $13 million in expenses in 2022 were its legal fees, which totaled $3.78 million for the year, according to the filings. During 2022, HISA and its enabling legislation were the targets of multiple lawsuits from horsemen’s organizations, racing commissions, state attorneys general, and some racetracks.   Other significant line items included $2.83 million for “anti-doping and medication control services.” During the year, HISA spent a significant amount of time and effort in getting its anti-doping and medication control rules approved by the FTC, its federal overseer. The program, after several starts and stops, was implemented on May 22 of this year. The filings also show that HISA had $2.17 million in “temporary staffing” expenses during 2022. Expenses related to information technology were $1.23 million. During 2022, HISA built out registration and records-filing systems. :: Want to learn more about handicapping and wagering? Check out DRF's Handicapping 101 and Wagering 101 pages.