LAKE SUPERIOR RAILROAD MUSUEM (EIN 237312204) - 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

Principal Officer

NEAL VANSTROM

Phone

2187337590

Tax Period

2024-01-01 to 2024-12-31

LAKE SUPERIOR RAILROAD MUSUEM is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 12% surplus.

Mission

EDUCATE THE PUBLIC ON THE OPERATIONS OF A RAILROAD AND ITS EQUIPMENT.

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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 $592,104

Program Service Revenue $738,557

Investment Income $20,993

Other Revenue $86,584

TOTAL REVENUE $1,438,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,633

Fundraising Expenses $0

Program Expenses $1,160,090

Other Expenses $937,554

TOTAL EXPENSES $1,266,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,438,238	$1,495,323	0.0%
Expenses	$1,266,187	$1,392,432	-0.1%
Net Income	$172,051	$102,891	+0.7%

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

$61,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BUEHLER	EXECUTIVE DI	25.00	Officer	$61,910	$0	$61,910
JIM BENDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EDWARD BURKHARDT	BOARD	1.00	Director	$0	$0	$0
ROB BURN	BOARD	1.00	Director	$0	$0	$0
JESSE CHALICH	BOARD	1.00	Director	$0	$0	$0
JANIS CLAY	BOARD	1.00	Director	$0	$0	$0
THOMAS GANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM GRIMSTAD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JONATHAN LAMB	BOARD	1.00	Director	$0	$0	$0
JOHN LARKIN	BOARD	1.00	Director	$0	$0	$0
JOE MIKES	BOARD	1.00	Director	$0	$0	$0
GORDON MOTT	BOARD	1.00	Director	$0	$0	$0
MIKE NESBIT	BOARD	1.00	Director	$0	$0	$0
JOHN ONGARO	BOARD	1.00	Director	$0	$0	$0
RICHARD PETERSON	BOARD	1.00	Director	$0	$0	$0
EDWARD ROBINSON	VICE PRES/TR	1.00	Officer Director	$0	$0	$0
DAVID SCHAUER	BOARD	1.00	Director	$0	$0	$0
JAMES SCHWINKENDORF	BOARD	1.00	Director	$0	$0	$0
FRED SHUSTERICH	BOARD	1.00	Director	$0	$0	$0
NICK STAVIG	BOARD	1.00	Director	$0	$0	$0
RICHARD STEWART	BOARD	1.00	Director	$0	$0	$0
JEFF TUCKER	BOARD	1.00	Director	$0	$0	$0
NEAL VANSTROM	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR TIMOTHY ZAGER	BOARD	1.00	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	$1,438,238	$1,266,187	$1,779,615	$172,051
2023	$1,495,323	$1,392,432	$1,618,610	$102,891
2022	$1,334,219	$1,139,207	$1,565,662	$195,012
2021	$1,322,754	$929,697	$1,428,444	$393,057
2020	$757,530	$689,732	$687,621	$67,798
2019	$921,650	$896,066	$627,386	$25,584
2018	$1,095,383	$1,042,047	$624,770	$53,336

LAKE SUPERIOR RAILROAD MUSUEM