FRIENDS OF THE NEVADA SOUTHERN RAILWAY INC (EIN 208813917) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

HARRIS SEORTI

Phone

7029304761

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE NEVADA SOUTHERN RAILWAY INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $172K left a modest 4% surplus.

Mission

TO EDUCATE ITS MEMBERS AND THE PUBLIC AND TO PROVIDE SUPPORT TO THE OPERATIONS OF THE NEVADA STATE RAILROAD MUSEUM IN BOULDER CITY, NEVADA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,220

Program Service Revenue $161,595

Investment Income $6,924

Other Revenue $0

TOTAL REVENUE $179,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,862

Other Expenses $171,850

TOTAL EXPENSES $171,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,739	$389,624	-0.5%
Expenses	$171,850	$475,878	-0.6%
Net Income	$7,889	$-86,254	-1.1%

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

N/A

Volunteers

N/A

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
ALLAN SCOTT DAM	PRESIDENT	15.00	Officer Director	$0	$0	$0
EMILE JASTRAM	SENIOR VP	8.00	Officer Director	$0	$0	$0
DAVID HELD	VP OF OPERAT	30.00	Officer Director	$0	$0	$0
BILL D MARTIN	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN M RAND	SECRETARY	10.00	Officer Director	$0	$0	$0
ELLIOT GORLIN	MEMBER	7.00	Director	$0	$0	$0
LAURA ROBERTSON	MEMBER	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	$179,739	$171,850	$268,279	$7,889
2023	$389,624	$475,878	$336,748	$-86,254
2022	$587,221	$552,007	$340,169	$35,214
2021	$348,428	$259,853	$317,923	$88,575

FRIENDS OF THE NEVADA SOUTHERN RAILWAY INC