Great Northern Railway Historical … - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

William Sornsin

Phone

2063905428

Tax Period

2022-01-01 to 2022-12-31

Great Northern Railway Historical Society, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2022.

Mission

Historic preservation & education focused on the Great Northern Railway

Program Service Accomplishments

Program 1

Expenses: $41,501 Revenue: $55,956

Publish quarterly journal covering history and operations of the former Great Northern Railway

Program 2

Expenses: $318,370 Revenue: $301,000

Operate archives facilities and provide for preservation of and public education on Great Northern historical documents photos artifacts and heritage

Program 3

Expenses: $39,927 Revenue: $48,492

Operate annual convention in St Cloud Minnesota featuring presentations of historical research and tours of local historical sites

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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 (2022)

Revenue Breakdown

Contributions & Grants $314,429

Program Service Revenue $103,425

Investment Income $-12,146

Other Revenue $20,552

TOTAL REVENUE $426,260

Expense Breakdown

Grants Paid $314,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $413,198

Other Expenses $116,918

TOTAL EXPENSES $431,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$426,260	N/A	N/A
Expenses	$431,318	N/A	N/A
Net Income	$-5,058	$0	N/A

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
Doug Complin	Custodian of Records and Office Manager	16.00	Officer	$0	$0	$0
Chas Bettendorf	Goat Magazine Editor	12.00	Key Emp	$0	$0	$0
Robert Showers	Director	4.00	Director	$0	$0	$0
Mac McCulloch	President Director Store Manager	8.00	Officer Director	$0	$0	$0
William Sornsin	Treasurer Webmaster	5.00	Officer Director	$0	$0	$0
Dan Bolyard	Director	4.00	Director	$0	$0	$0
Thomas Carr	Secretary Director	4.00	Officer Director	$0	$0	$0
Tom Lambrecht	Director	4.00	Director	$0	$0	$0
Mark Wilson	Director	4.00	Director	$0	$0	$0
Gary Thurow	Director Co-Membership Development Officer	4.00	Officer Director	$0	$0	$0
Stuart Holmquist	Archivist	8.00	Officer Key Emp	$0	$0	$0
Mary McGlothlin	Membership Officer National Convention Chair	8.00	Officer	$0	$0	$0
Gary Laakso	General Counsel	1.00	Officer	$0	$0	$0
Bruce Goeser	Co-Membership Development Officer	4.00	Officer	$0	$0	$0
Rich Remiarz	Modeling Pages Editor	4.00	Key Emp	$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
2022	$426,260	$431,318	$409,359	$-5,058

Great Northern Railway Historical Society