UNION, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ILLINOIS RAILWAY MUSEUM INC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $20.2M represent 91 months of operating reserves.
THE MISSION OF THE ILLINOIS RAILWAY MUSEUM IS TO EDUCATE THE PUBLIC AS TO OUR NATION'S RAILROAD AND RAILWAY HISTORY BY COLLECTING, PRESERVING, AND RESTORING ROLLING STOCK, ARTIFACTS, STRUCTURES, AND RELATED TRANSPORTATION EQUIPMENT FOR DISPLAY TO THE PUBLIC; EXHIBITING AND OPERATING RESTORED ROLLING STOCK AND EQUIPMENT ON A DEMONSTRATION RAIL LINE; AND COLLECTING, PRESERVING, AND MAINTAINING A REFERENCE LIBRARY OF PUBLICATIONS, TECHNICAL INFORMATION, AND OTHER MATERIALS REGARDING RAILROADS, RAILWAYS, AND RELATED FORMS OF TRANSPORTATION FOR RESEARCH AND OTHER PURPOSES.
PUBLIC OPENING, DISPLAY, OPERATION AND INTERPRETATION OF THE MUSEUM'S COLLECTION OF RAILROAD EQUIPMENT AND MEMORABILIA TO FURTHER PUBLIC UNDERSTANDING OF THE ROLE OF RAILROADS IN THE DEVELOPMENT OF...
PUBLIC OPENING, DISPLAY, OPERATION AND INTERPRETATION OF THE MUSEUM'S COLLECTION OF RAILROAD EQUIPMENT AND MEMORABILIA TO FURTHER PUBLIC UNDERSTANDING OF THE ROLE OF RAILROADS IN THE DEVELOPMENT OF THE COUNTRY. COSTS INCLUDE THOSE INCURRED BY THE ELECTRIC CAR, DIESEL, STEAM, STEAM PASSENGER COACH AND TROLLEY BUS DEPARTMENTS IN RESTORING AND MAINTAINING THE COLLECTION AS WELL AS THE MAINTENANCE OF THE SITE.
SPECIAL ATTRACTIONS AND EVENTS, WITH A STRONG RAILROAD THEME, INCLUDING "DAYS OUT WITH THOMAS", "HAPPY HOLIDAY RAILWAY AND THE "BUNNY TROLLEY HOP". CONTINUED STRONG ATTENDANCE AT ALL EVENTS WITH...
SPECIAL ATTRACTIONS AND EVENTS, WITH A STRONG RAILROAD THEME, INCLUDING "DAYS OUT WITH THOMAS", "HAPPY HOLIDAY RAILWAY AND THE "BUNNY TROLLEY HOP". CONTINUED STRONG ATTENDANCE AT ALL EVENTS WITH SIGNIFICANT EVIDENCE THAT PEOPLE INITIALLY ATTENDING THESE EVENTS SUBSEQUENTLY RETURN FOR OUR CORE MUSEUM ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,656,437 | $3,233,025 | -0.2% |
| Expenses | $2,590,223 | $2,810,379 | -0.1% |
| Net Income | $66,214 | $422,646 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID DIAMOND | DIRECTOR/GM FACILITIES (THRU MAR 2025) | 10.00 |
Officer
Director
|
$68,640 | $2,600 | $71,240 |
| MARCUS RUEF | PRESIDENT | 30.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS CHASIN | 1ST VICE PRESIDENT | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| ZACHARY EHLERS | 2ND VICE PRESIDENT | 30.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICHOLAS ESPEVIK | DIRECTOR | 30.00 |
Director
|
$0 | $0 | $0 |
| LEE EVANS | DIRECTOR | 25.00 |
Director
|
$0 | $0 | $0 |
| CONN MCCARTHY | DIRECTOR | 15.00 |
Director
|
$0 | $0 | $0 |
| ROBERT OLSON | DIRECTOR | 30.00 |
Director
|
$0 | $0 | $0 |
| NICK KALLAS | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$0 | $0 | $0 |
| NIGEL BENNETT | TREASURER | 30.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,656,437 | $2,590,223 | $20,731,179 | $66,214 |
| 2024 | $3,233,025 | $2,810,379 | $20,055,437 | $422,646 |
| 2023 | $4,606,837 | $2,835,448 | $19,051,415 | $1,771,389 |
| 2022 | $2,964,518 | $2,127,242 | $16,575,964 | $837,276 |
| 2021 | $4,631,360 | $1,819,425 | $15,946,472 | $2,811,935 |
| 2020 | $1,772,899 | $1,455,390 | $12,457,148 | $317,509 |
| 2019 | $2,261,252 | $1,929,082 | $12,096,289 | $332,170 |
| 2018 | $2,199,975 | $2,080,322 | $11,613,699 | $119,653 |
Compare ILLINOIS RAILWAY MUSEUM INC with other nonprofits in Illinois and across the country.