NATIONAL RAILROAD HALL OF FAME INC

EIN: 364047006 501(c)(3) Education

GALESBURG, IL

Total Revenue
$954,412
Total Expenses
$433,530
Total Assets
$743,845
Net Assets
$743,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
BRIAN PETERSON
Phone
3093454634
Tax Period
2024-10-01 to 2025-09-30

NATIONAL RAILROAD HALL OF FAME INC, founded in 1994, is a small nonprofit in the Education sector that reported $954K in total revenue in fiscal year 2024. Revenue surged 207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $521K, a strong 55% operating margin.

Mission

THE NATIONAL RAILROAD HALL OF FAME HONORS THE MEN AND WOMEN OF AMERICAN RAILROADING VISIONARIES, LEADERS, TRENDSETTERS, AND ORDINARY PEOPLE WHO MADE EXTRAORDINARY CONTRIBUTIONS. IN TELLING THEIR STORIES, WE SEEK TO EDUCATE AND INSPIRE THE PUBLIC ON THE ROLE RAILROADS PLAY IN BUILDING THE NATION AND SHAPING OUR FUTURE.

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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 $880,417
Program Service Revenue $54,754
Investment Income $19,241
Other Revenue $0
TOTAL REVENUE $954,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,733
Fundraising Expenses $6,743
Program Expenses $398,522
Other Expenses $331,797
TOTAL EXPENSES $433,530

Year-over-Year Comparison

2024 2023 Change
Revenue $954,412 $311,239 +2.1%
Expenses $433,530 $142,021 +2.1%
Net Income $520,882 $169,218 +2.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
50

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
5
$40,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN PETERSON CHAIR 5.00
Officer Director
$0 $0 $0
JAY MATSON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID SCHRAMM TREASURER 5.00
Officer Director
$0 $0 $0
SEAMUS REILLY SECRETARY 5.00
Officer Director
$0 $0 $0
MANDY BALSER DIRECTOR 1.00
Director
$0 $0 $0
ROB BENEDICT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BONDI EX OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
THOMAS FARRELL DIRECTOR 1.00
Director
$0 $0 $0
STEVE GERSTENBERGER DIRECTOR 1.00
Director
$0 $0 $0
OWEN MUELDER DIRECTOR 1.00
Director
$0 $0 $0
ROY PARKIN DIRECTOR 1.00
Director
$0 $0 $0
JOHN PRITCHARD EX OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
JULIE KING EXECUTIVE DIRECTOR 45.00
Officer
$40,000 $0 $40,000
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 $954,412 $433,530 $743,845 $520,882
2024 $311,239 $142,021 $224,723 $169,218
2018 $189,367 $192,664 $461,955 $-3,297
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