DOWNEAST RAIL HERITAGE PRESERVATION TRUST INC (EIN 161714124) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

THOMAS TESTA

Phone

8664497245

Tax Period

2024-01-01 to 2024-12-31

DOWNEAST RAIL HERITAGE PRESERVATION TRUST INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $429K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 44% operating margin.

Mission

THE PRIMARY OVERALL MISSION OF THE TRUST IS TO CELEBRATE AND PRESERVE THE RAILROAD HISTORY OF DOWNEAST MAINE. THE IMMEDIATE AND PRIMARY GOAL IS TO DEVELOP THE DOWNEAST SCENIC RAILROAD FOR EDUCATION, ENLIGHTENMENT AND ENJOYMENT FOR FUTURE GENERATIONS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,172

Program Service Revenue $200,184

Investment Income $11,241

Other Revenue $0

TOTAL REVENUE $428,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,667

Program Expenses $216,176

Other Expenses $226,268

TOTAL EXPENSES $238,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,597	$300,877	+0.4%
Expenses	$238,935	$265,951	-0.1%
Net Income	$189,662	$34,926	+4.4%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
CAROLYN ACKERMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DR JOEL ACKERMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID BALDWIN	VP/SAFETY DI	N/A	Director	$0	$0	$0
ROGER BENNATTI	BOARD MEMBER	N/A	Director	$0	$0	$0
H LEVERTT FERNALD	VP/CHIEF MEC	N/A	Officer Director	$0	$0	$0
ALLEN FLEWELLING	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLES FREEMAN	VP/SUPERINTE	N/A	Director	$0	$0	$0
WILLIAM P GREEN	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFFREY HOLMES	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT HOWLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
KENNETH JACKMAN	VP/SECRETARY	N/A	Officer Director	$0	$0	$0
BRONSON PLATNER	BOARD MEMBER	N/A	Director	$0	$0	$0
EDWARD A RIDEOUT	BOARD MEMBER	N/A	Director	$0	$0	$0
THOMAS TESTA	PRESIDENT	N/A	Officer Director	$0	$0	$0
GEORGE THOMAS	VICE PRES/TR	N/A	Officer Director	$0	$0	$0
LOGAN TOURTILLOTTE	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES S YOUNG	BOARD MEMBER	N/A	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	$428,597	$238,935	$1,498,240	$189,662
2023	$300,877	$265,951	$1,276,164	$34,926
2022	$236,201	$217,776	$1,213,659	$18,425
2021	$725,759	$203,913	$1,248,303	$521,846
2020	$238,962	$163,892	$781,889	$75,070
2019	$242,458	$316,847	$716,911	$-74,389
2018	$294,285	$237,099	$832,063	$57,186

DOWNEAST RAIL HERITAGE PRESERVATION TRUST INC