RAILWAY ENGINEERING-MAINTENANCE SUPPLIERS ASSOCIATION INC (EIN 362269390) - 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

1965

Legal Domicile

Principal Officer

URSZULA SOUCIE

Phone

2028446026

Tax Period

2024-01-01 to 2024-12-31

RAILWAY ENGINEERING-MAINTENANCE SUPPLIERS ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

To facilitate relationships, create business and professional development opportunities, provide forums for our members to share products, technology, and innovation, and to support the advancement of the railroad industry.

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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 $0

Program Service Revenue $858,203

Investment Income $294,986

Other Revenue $6,465

TOTAL REVENUE $1,159,654

Expense Breakdown

Grants Paid $41,414

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $818,746

Other Expenses $1,265,699

TOTAL EXPENSES $1,307,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159,654	$2,386,020	-0.5%
Expenses	$1,307,113	$1,360,933	0.0%
Net Income	$-147,459	$1,025,087	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY GOWAN	PAST CHAIRMAN	1.0	Officer Director	$0	$0	$0
GREG SPILKER	CHAIRMAN	1.0	Officer Director	$0	$0	$0
NATE BACHMAN	Vice Chairman	1.0	Officer Director	$0	$0	$0
GREG LIPPARD	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
ROB LOOMIS	DIRECTOR	1.0	Director	$0	$0	$0
TROY ELBERT	DIRECTOR	1.0	Director	$0	$0	$0
ROB ROSENCRANS	DIRECTOR	1.0	Director	$0	$0	$0
ZACH HANSEN	DIRECTOR	1.0	Director	$0	$0	$0
MIKE PIER	DIRECTOR	1.0	Director	$0	$0	$0
Maggie Kukovich	Director	1.0	Director	$0	$0	$0
Eric Carter	Director	1.0	Director	$0	$0	$0
MARK BOYLE	Director	1.0	Director	$0	$0	$0
BARRETT CHRISTIANSEN	Director	1.0	Director	$0	$0	$0
Urszula Soucie	President	40.0	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	$1,159,654	$1,307,113	$5,928,416	$-147,459
2023	No data	No data	$3,982,997	No data
2023	$2,386,020	$1,360,933	$5,668,197	$1,025,087
2022	$326,773	$687,186	$3,982,997	$-360,413
2021	$634,420	$753,061	$4,973,376	$-118,641
2020	$357,477	$779,118	$5,182,273	$-421,641
2019	$2,226,122	$1,625,277	$5,062,799	$600,845
2018	$655,953	$914,675	$3,915,880	$-258,722

RAILWAY ENGINEERING-MAINTENANCE SUPPLIERS ASSOCIATION INC