NATIONAL MODEL RAILROAD ASSOC INC

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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

1947

Legal Domicile

Principal Officer

FRANK J KOCH

Phone

4238922846

Tax Period

2023-01-01 to 2023-12-31

NATIONAL MODEL RAILROAD ASSOC INC, founded in 1947, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $650K, a strong 26% operating margin.

Mission

NATIONAL MODEL RAILROAD ASSOCIATION, INC. WAS FOUNDED IN WISCONSIN IN 1935. ITS PURPOSE IS TO ESTABLISH AND MAINTAIN STANDARDS, PUBLISH A MONTHLY BULLETIN, AND TO INFORM AND SERVE ITS MEMBERSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,430,504 Revenue: $580,716

NATIONAL MODEL RAILROAD ASSOCIATION ESTABLISHES AND MAINTAINS HOBBY STANDARDS, OPERATION OF RESEARCH FACILITIES, AND COMMUNICATIONS THROUGH PUBLICATIONS AND CONVENTIONS.

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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 $1,525,601

Program Service Revenue $652,166

Investment Income $146,622

Other Revenue $161,837

TOTAL REVENUE $2,486,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,906

Fundraising Expenses $207,158

Program Expenses $1,430,504

Other Expenses $1,542,675

TOTAL EXPENSES $1,836,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,486,226	$2,132,114	+0.2%
Expenses	$1,836,581	$1,430,474	+0.3%
Net Income	$649,645	$701,640	-0.1%

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

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
JOHN DOEHRING	DIRECTOR	2.00	Director	$0	$0	$0
BILL HUTTON	ADVISORY COUNCIL	2.00	Director	$0	$0	$0
CHRIS PALERMO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BATE	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MACKEY	DIRECTOR	2.00	Director	$0	$0	$0
MARTYN JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WEINHEIMER	DIRECTOR	2.00	Director	$0	$0	$0
FRED SOWARD	DIRECTOR	2.00	Director	$0	$0	$0
BRAD ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
GORDON ROBINSON	PRESIDENT	5.00	Officer	$0	$0	$0
RICK COBLE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
FRANK J KOCH	CFO	10.00	Officer	$0	$0	$0
MIKE CUMMINGS	SECRETARY	3.00	Officer	$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	$2,486,226	$1,836,581	$8,554,798	$649,645
2022	$2,132,114	$1,430,474	$7,167,623	$701,640
2021	$1,323,164	$1,212,410	$6,587,449	$110,754
2020	$1,334,168	$1,109,715	$5,881,840	$224,453
2019	$2,337,540	$1,417,281	$5,906,790	$920,259
2018	$1,595,796	$1,442,079	$4,549,978	$153,717