CONNECTICUT ELECTRIC RAILWAY ASSOC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

JUSTIN CHASSE

Phone

8606276540

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT ELECTRIC RAILWAY ASSOCIATION INCORPORATED, founded in 1940, is a small nonprofit in the Arts, Culture & Humanities sector that reported $628K in total revenue in fiscal year 2023. Expenses of $603K left a modest 4% surplus.

Mission

WE ARE A TROLLEY MUSEUM. WE PROVIDE AN HISTORICALLY ACCURATE EDUCATIONAL EXPERIENCE OF THE TROLLEY ERA THROUGH INTERPRETATION, PRESERVATION, RESTORATION AND OPERATION OF AN ELECTRIC RAILWAY.

Program Service Accomplishments

Program 1

Expenses: $304,668

EDUCATION: TO OPERATE AND DISPLAY TROLLEY CARS AND RELATED EQUIPMENT WITH THE PURPOSE OF EDUCATING ALL AGES ABOUT THIS HISTORIC ERA. OVER 100 HOURS OF VOLUNTEER TIME IS SPENT EACH WEEK BETWEEN APRIL AND DECEMBER IN THE OPERATION OF VINTAGE TROLLEYS BY MOTORMEN DRESSED IN PERIOD ATTIRE. MOTORMEN ALSO DELIVER A MINI LECTURE ON THE HISTORY OF TROLLEY CARS AND THEIR ROLE IN OUR COUNTRY'S GROWTH IN THE LATE 19TH CENTURY AND EARLY 20TH CENTURY. ADDITIONAL VOLUNTEER RESOURCES ARE DEPLOYED IN THE VISITOR'S CENTER UPDATING DISPLAYS AND PREPARING FOR OUR KEY EVENTS (PUMPKIN PATCH, RAILS TO THE DARKSIDE, AND WINTERFEST).

Program 2

Expenses: $41,981

RESTORATION: TO RESTORE TROLLEYS AND RELATED EQUIPMENT FROM THE TROLLEY ERA. THE MUSEUM HAS A RESTORATION AND MAINTENANCE SHOP ON ITS CAMPUS. THE CURRENT PROJECT IS A MULTI-YEAR GROUND UP RESTORATION...

Program 3

Expenses: $83,417

PRESERVATION: TO PRESERVE AND MAINTAIN VINTAGE TROLLEY CARS AND RELATED EQUIPMENT, INCLUDING TRACK, SIGNALS, OVERHEAD WIRING AND STORAGE FACILITIES. OUR YOUNGEST TROLLEY CAR IS 100 YEARS OLD. THE...

PRESERVATION: TO PRESERVE AND MAINTAIN VINTAGE TROLLEY CARS AND RELATED EQUIPMENT, INCLUDING TRACK, SIGNALS, OVERHEAD WIRING AND STORAGE FACILITIES. OUR YOUNGEST TROLLEY CAR IS 100 YEARS OLD. THE OLDEST OPERATING TROLLEY IS OVER 120 YEARS OLD. WITH SAFETY BEING A PARAMOUNT CONCERN, MAINTAINING TROLLEYS AND ALL THE RELATED EQUIPMENT IS AN ON-GOING PROCESS. PARTS THAT NEED REPLACING MUST BE EITHER FABRICATED ON-SITE OR SOURCED FROM OTHER MUSEUMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $184,011

Program Service Revenue $334,606

Investment Income $40,000

Other Revenue $69,332

TOTAL REVENUE $627,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,380

Fundraising Expenses $0

Program Expenses $430,066

Other Expenses $413,829

TOTAL EXPENSES $603,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,949	$616,637	+0.0%
Expenses	$603,209	$596,294	+0.0%
Net Income	$24,740	$20,343	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

110

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB BROGLE	PRESIDENT	10.00	Officer Director	$0	$0	$0
JUSTIN CHASSE	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
WILL GAMBARDELLA	DIRECTOR	10.00	Officer Director	$0	$0	$0
MARC WARNOCK	DIRECTOR	5.00	Officer Director	$0	$0	$0
CHARLES GROSS	TREASURER	10.00	Officer Director	$0	$0	$0
EDWARD LAPRARDE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN SACERDOTE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS SHAW	DIRECTOR	5.00	Director	$0	$0	$0
JOHN PERLSTEIN	SECRETARY	5.00	Director	$0	$0	$0
JIM BORRUP	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL HERNANDEZ	DIRECTOR	5.00	Director	$0	$0	$0
BRYAN SOLTIS	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN WEINER	DIRECTOR	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$627,949	$603,209	$1,969,903	$24,740
2023	$627,949	$674,782	$1,898,778	$-46,833
2022	$616,637	$596,294	$1,984,739	$20,343
2021	$595,146	$497,876	$1,966,645	$97,270
2020	$328,052	$407,117	$1,859,851	$-79,065
2019	$573,982	$493,969	$1,924,413	$80,013
2018	$394,226	$448,641	$1,849,645	$-54,415

CONNECTICUT ELECTRIC RAILWAY ASSOCIATION INCORPORATED