The New York Central System Historical Society (EIN 237084709) - 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

1970

Legal Domicile

Principal Officer

Stephen Probst

Tax Period

2024-01-01 to 2024-12-31

The New York Central System Historical Society, founded in 1970, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $40K, a strong 21% operating margin.

Mission

The Mission of the NYCSHS is to perpetuate the legacy of the New York Central System NYCS railroad by acquiring and preserving its history traditions documents and artifacts; and by disseminating accurate information and products consistent with good stewardship.

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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 $45,075

Program Service Revenue $109,274

Investment Income $19,179

Other Revenue $19,537

TOTAL REVENUE $193,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,497

Other Expenses $152,733

TOTAL EXPENSES $152,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,065	$209,533	-0.1%
Expenses	$152,733	$209,199	-0.3%
Net Income	$40,332	$334	+119.8%

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

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
Alex Schneider	President	30.00	Officer Director	$0	$0	$0
Noel Widdifield	Vice President	20.00	Officer Director	$0	$0	$0
Stephen Probst	Treasurer	10.00	Officer Director	$0	$0	$0
Ralph Schiring	Secretary	8.00	Officer Director	$0	$0	$0
Paul Stoving	Director	7.00	Director	$0	$0	$0
Robert McQueen	Vice President then Director	20.00	Officer Director	$0	$0	$0
David Mackay	President then Director	10.00	Officer Director	$0	$0	$0
Michael Vescelus	Director	20.00	Director	$0	$0	$0
Seth Lakin	Director	15.00	Director	$0	$0	$0
Frank Bongiovanni	Director	5.00	Director	$0	$0	$0
Tom Gerbracht	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
2025	No data	No data	No data	No data
2024	$193,065	$152,733	$756,886	$40,332
2023	$209,533	$209,199	$690,670	$334
2022	$186,755	$129,016	$595,274	$57,739
2021	$203,193	$107,536	$551,427	$95,657
2020	$180,450	$144,326	$458,828	$36,124
2019	$288,996	$203,581	$401,391	$85,415
2018	$194,489	$194,314	$319,363	$175

The New York Central System Historical Society