LIBERTY HISTORIC RAILWAY

EIN: 271997848 501(c)(3) Arts, Culture & Humanities

BERKELEY HEIGHTS, NJ

Total Revenue
$244,054
Total Expenses
$83,237
Total Assets
$1,050,358
Net Assets
$1,050,358
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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
2010
Legal Domicile
NJ
Principal Officer
MELVIN M MAY JR
Phone
9084649335
Tax Period
2024-01-01 to 2024-12-31

LIBERTY HISTORIC RAILWAY, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $161K, a strong 66% operating margin.

Mission

PRESERVATION AND RESTORATION OF HISTORIC NEW JERSEY TRANSPORTATION EQUIPMENT AND STRUCTURES.

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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 $201,820
Program Service Revenue $0
Investment Income $41,573
Other Revenue $661
TOTAL REVENUE $244,054

Expense Breakdown

Grants Paid $17,371
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,943
Other Expenses $65,866
TOTAL EXPENSES $83,237

Year-over-Year Comparison

2024 2023 Change
Revenue $244,054 $140,838 +0.7%
Expenses $83,237 $337,456 -0.8%
Net Income $160,817 $-196,618 -1.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELVIN M MAY JR CHAIRMAN 15.00
Director
$0 $0 $0
GEORGE R LAPIERRE TRUSTEE 0.00
Director
$0 $0 $0
WILLIAM J MCKELVEY TREASURER 15.00
Director
$0 $0 $0
GREGORY X BENDER TRUSTEE 0.00
Director
$0 $0 $0
VALDAR DON CHAUDRUC TRUSTEE 0.00
Director
$0 $0 $0
LAWRENCE E GROSS TRUSTEE 0.00
Director
$0 $0 $0
DAN RICHTER SECRETARY 2.00
Director
$0 $0 $0
JACK MAY TRUSTEE 0.00
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 $244,054 $83,237 $1,050,358 $160,817
2023 $140,838 $337,456 $892,847 $-196,618
2022 $120,148 $289,424 $1,067,057 $-169,276
2021 $194,412 $144,135 $1,259,137 $50,277
2020 $96,402 $43,380 $1,168,813 $53,022
2019 $552,516 $114,292 $1,016,139 $438,224
2018 $35,902 $245,112 $523,679 $-209,210
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