MIDWEST CENTRAL RAILROAD (EIN 237002864) - 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

1960

Legal Domicile

Phone

3192192119

Tax Period

2024-01-01 to 2024-12-31

MIDWEST CENTRAL RAILROAD, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $1.6M represent 41 months of operating reserves.

Mission

OUR MISSION IS TO PRESERVE AND COMMEMORATE RAILWAY HERITAGE FOR THE EDUCATIONAL BENEFIT AND ENJOYMENT FOR CURRENT AND FUTURE GENERATIONS.

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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 $9,989

Program Service Revenue $466,040

Investment Income $6,670

Other Revenue $-5,006

TOTAL REVENUE $477,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,650

Fundraising Expenses $0

Program Expenses $431,715

Other Expenses $433,917

TOTAL EXPENSES $478,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,693	$405,303	+0.2%
Expenses	$478,567	$462,084	+0.0%
Net Income	$-874	$-56,781	-1.0%

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

180

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
DAN HAGIST	TREASURER	20.00	Officer Director	$0	$0	$0
DYLAN DUNCAN	SECRETARY	5.00	Director	$0	$0	$0
JOHN KORSCHOT	DIRECTOR	2.00	Director	$0	$0	$0
DAVE OSIER	PRESIDENT	19.00	Officer Director	$0	$0	$0
JERRY CROUCH	DIRECTOR	5.00	Director	$0	$0	$0
BLAIR BUFFINGTON	VICE-PRESIDENT	15.00	Officer Director	$0	$0	$0
SCOTT WATSON	DIRECTOR	2.00	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	$477,693	$478,567	$1,787,633	$-874
2023	$405,303	$462,084	$1,786,018	$-56,781
2022	$418,137	$428,599	$1,842,352	$-10,462
2021	$651,350	$369,308	$1,853,525	$282,042
2020	$111,218	$164,562	$1,536,250	$-53,344
2019	$311,248	$349,807	$1,599,341	$-38,559
2018	$367,317	$342,457	$1,645,479	$24,860

MIDWEST CENTRAL RAILROAD