ILLINOIS RAILWAY MUSEUM INC (EIN 366108196) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

NICHOLAS ESPEVIK

Phone

8159234391

Tax Period

2024-10-01 to 2025-09-30

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.

Mission

TO EDUCATE THE PUBLIC AS TO OUR NATION'S RAILROAD & RAILWAY HISTORY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,139,918

Program Service Revenue $1,276,768

Investment Income $-38,382

Other Revenue $278,133

TOTAL REVENUE $2,656,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,642

Fundraising Expenses $106,024

Program Expenses $2,164,481

Other Expenses $2,193,581

TOTAL EXPENSES $2,590,223

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

350

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

$71,240

Total Directors

$71,240

Key Employees

Highest Compensated

reported

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

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	$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

ILLINOIS RAILWAY MUSEUM INC