NORTHWEST JERSEY HI-RAILERS INC

EIN: 202600446 501(c)(3) Philanthropy & Grantmaking

Paterson, NJ

Total Revenue
$43,660
Total Expenses
$31,139
Total Assets
$82,335
Net Assets
$82,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NJ
Principal Officer
Eric Wenslau
Phone
9735531555
Tax Period
2024-01-01 to 2024-12-31

NORTHWEST JERSEY HI-RAILERS INC, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 29% operating margin.

Mission

To operate a historical model railroad museum and to stimulate interest and provide education in both model railroading and full scale operational railroading both past and present. The operating model train layout that is maintained by the organization accurately portrays local railroading. Planned exhibits will be open to the public at set intervals and model trains will be run at these events. To maintain an educational organization for the study of American railroading past and present; providing an organization where members and the general public can learn modeling and other related skills both from fellow members and from outside speakers We will be providing access to history of railroading in the United States to school groups and the public at large. We will be providing exhibits of steam, electric, and diesel trains. A library of material pertaining to model railroading will be maintained. To maintain a website where model railroading can be discussed .

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $52,741
Program Service Revenue $0
Investment Income $0
Other Revenue $-9,081
TOTAL REVENUE $43,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,139
Other Expenses $31,139
TOTAL EXPENSES $31,139

Year-over-Year Comparison

2024 2023 Change
Revenue $43,660 $93,437 -0.5%
Expenses $31,139 $66,718 -0.5%
Net Income $12,521 $26,719 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
80

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Wenslau Treasurer 5
Officer
$0 $0 $0
Ben Fioriello President 10
Officer
$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 $43,660 $31,139 $82,335 $12,521
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