HIGH SPEED RAIL ALLIANCE (EIN 363874078) - 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

1993

Legal Domicile

Principal Officer

RICHARD HARNISH

Phone

7733346758

Tax Period

2023-01-01 to 2023-12-31

HIGH SPEED RAIL ALLIANCE, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $475K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $525K exceeded revenue, resulting in a 11% operating deficit.

Mission

SEE STATEMENTTO STUDY EXISTING PASSENGER RAIL TECHNOLOGIES WORLDWIDE AND ASSESS THE POTENTIAL OF APPLYING THESE INTERCITY TRANSPORTATION CHALLENGES. TO INFORM BUSINESS AND POLITICAL LEADERSHIP, THE MEDIA AND PUBLIC ABOUT THE UTILITY OF RAIL AS A TRANSPORTATION AND ECONOMIC DEVELOPMENT TOOL. TO PROMOTE DEVELOPMENT OF RAIL AS AN ESSENTIAL COMPONENT OF A MODERN REGIONAL ECOMONY AND AN ENVIRONMENTALLY JUDICIOUS WAY TO ENHANCE THE EFFECTIVENESS OF THE ENTIRE REGIONAL TRANSPORTATION SYSTEM. TO FACILITATE THE DEVELOPMENT OF A DIVERSE AND INFORMED CONSTITUENCY TO SUPPORT THE PUBLIC/PRIVATE DEVELOPMENT OF A MIDWEST RAIL SYSTEM.

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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 $471,590

Program Service Revenue $0

Investment Income $0

Other Revenue $3,561

TOTAL REVENUE $475,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,907

Fundraising Expenses $49,098

Program Expenses $401,659

Other Expenses $304,503

TOTAL EXPENSES $525,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,151	$638,032	-0.3%
Expenses	$525,410	$458,125	+0.1%
Net Income	$-50,259	$179,907	-1.3%

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

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

$146,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE BALL	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID WESTLAKE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM C PORTER	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS CARNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH COULSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLY FIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT PALADINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY BANUELOS	BOARD MEMBER	1.00	Director	$0	$0	$0
MADELIN SHEPHERD	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK HARNISH	EXECUTIVE DIRECTOR	40.00	Officer	$69,808	$0	$69,808
CHRIS OTT	DEPUTY DIRECTOR	40.00	Officer	$76,923	$0	$76,923

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	$475,151	$525,410	$190,749	$-50,259
2022	$638,032	$458,125	$248,163	$179,907
2021	$368,332	$379,399	$58,403	$-11,067
2020	$164,185	$251,766	$37,765	$-87,581
2019	$342,926	$249,215	$116,135	$93,711

HIGH SPEED RAIL ALLIANCE