MINNESOTA TRANSPORTATION MUSEUM INC

EIN: 237066156 501(c)(3) Arts, Culture & Humanities

ST PAUL, MN

Total Revenue
$2,016,974
Total Expenses
$2,004,606
Total Assets
$8,459,055
Net Assets
$7,943,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MN
Principal Officer
JOSH HOABY
Phone
6512280263
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA TRANSPORTATION MUSEUM INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $7.9M represent 47 months of operating reserves.

Mission

TO EDUCATE THE PUBLIC REGARDING THE HISTORY AND DEVELOPMENT OF TRANSPORTATION IN MINNESOTA AND TO PRESERVE THAT HISTORY.

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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 $1,144,956
Program Service Revenue $710,312
Investment Income $111,948
Other Revenue $49,758
TOTAL REVENUE $2,016,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,508
Fundraising Expenses $41,934
Program Expenses $1,793,474
Other Expenses $1,785,098
TOTAL EXPENSES $2,004,606

Year-over-Year Comparison

2024 2023 Change
Revenue $2,016,974 $1,677,930 +0.2%
Expenses $2,004,606 $1,848,380 +0.1%
Net Income $12,368 $-170,450 -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

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Governance

Voting Members
12
Independent Members
12
Employees
8
Volunteers
130

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE MERCHANT CHAIRMAN 20.00
Officer Director
$0 $0 $0
ROBERT PUELSTON VICE CHAIRMAN 20.00
Officer Director
$0 $0 $0
DEBORAH WOOD TRESURER 20.00
Officer Director
$0 $0 $0
MORTEN JORGENSEN SECRETARY 20.00
Officer Director
$0 $0 $0
GARY YAZELL AT LARGE 5.00
Director
$0 $0 $0
MARION PEW AT LARGE 5.00
Director
$0 $0 $0
TODD MCGONAGLE AT LARGE 5.00
Director
$0 $0 $0
LARRY PAULSON AT LARGE 5.00
Director
$0 $0 $0
JOHN RADIMECKY AT LARGE 5.00
Director
$0 $0 $0
KEITH LARSON AT LARGE 5.00
Director
$0 $0 $0
KURT MAHRE AT LARGE 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 $2,016,974 $2,004,606 $8,459,055 $12,368
2023 $1,677,930 $1,848,380 $8,284,197 $-170,450
2022 $2,468,665 $1,071,101 $8,827,307 $1,397,564
2021 $1,796,684 $737,214 $7,423,198 $1,059,470
2020 $1,188,032 $599,794 $6,238,158 $588,238
2019 $676,213 $701,979 $5,143,206 $-25,766
2018 $589,716 $951,604 $5,087,967 $-361,888
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