MIDWEST RAILWAY PRESERVATION SOCIETY (EIN 237079342) - 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

1955

Legal Domicile

Principal Officer

STEVE EMLING

Phone

2167813629

Tax Period

2023-01-01 to 2023-12-31

MIDWEST RAILWAY PRESERVATION SOCIETY, founded in 1955, is a small nonprofit that reported $200K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $188K left a modest 6% surplus.

Mission

AS A COMMUNITY ASSET, PRESERVING HERITAGE RAILROADING FOR THE GENERAL PUBLIC OF GREATER CLEVELAND THROUGH RESTORATION, EDUCATION AND INTERACTIVE EXPERIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,163

Program Service Revenue $158,115

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,275

Fundraising Expenses $0

Program Expenses $175,866

Other Expenses $175,521

TOTAL EXPENSES $187,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,278	$291,873	-0.3%
Expenses	$187,796	$303,734	-0.4%
Net Income	$12,482	$-11,861	-2.1%

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

N/A

Employees

N/A

Volunteers

134

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

$12,800

Total Directors

$12,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE EMLING	PRESIDENT	19.00	Officer Director	$0	$0	$0
STEVE KORPOS JR	EXECUTIVE DIRECTOR	50.00	Officer Director	$12,800	$0	$12,800
GREG ANTZ	TRUSTEE	10.00	Director	$0	$0	$0
KEN MCCOWN	TRUSTEE	4.00	Director	$0	$0	$0
PETAR STOJSAVLJEVIC	TRUSTEE	6.00	Director	$0	$0	$0
KEN YANDEK	BOARD CHAIRMAN	20.00	Officer Director	$0	$0	$0
MITCH KARABINUS	TRUSTEE	9.00	Director	$0	$0	$0
ALAN THOMPSON	TREASURER	41.00	Officer Director	$0	$0	$0
VICTORIA HICKLING	TRUSTEE	2.00	Director	$0	$0	$0
ZACHARY GUZAN	TRUSTEE	8.00	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	No data	No data	No data	No data
2023	$200,278	$187,796	$4,396,225	$12,482
2022	$291,873	$303,734	$4,378,732	$-11,861
2021	$316,762	$338,682	$4,681,656	$-21,920
2020	$309,962	$384,267	$4,677,697	$-74,305
2019	$231,323	$272,243	$4,635,737	$-40,920
2018	$311,763	$241,849	$2,056,034	$69,914

MIDWEST RAILWAY PRESERVATION SOCIETY