Michigan Railroads Association (EIN 386005976) - 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

1950

Legal Domicile

Principal Officer

Jon C Cool

Phone

5174829413

Tax Period

2025-01-01 to 2025-12-31

Michigan Railroads Association, founded in 1950, is a small nonprofit that reported $511K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $451K left a modest 12% surplus.

Mission

Represent the freight rail industry before state government and to promote the freight rail industry and rail safety

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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 (2025)

Revenue Breakdown

Contributions & Grants $458,683

Program Service Revenue $0

Investment Income $11,395

Other Revenue $40,500

TOTAL REVENUE $510,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,447

Fundraising Expenses $0

Other Expenses $161,111

TOTAL EXPENSES $450,558

Year-over-Year Comparison

	2025	2024	Change
Revenue	$510,578	$454,355	+0.1%
Expenses	$450,558	$418,728	+0.1%
Net Income	$60,020	$35,627	+0.7%

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

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

$186,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON COOL	President	40.00	Officer	$155,043	$31,009	$186,052
CHRIS BAGWELL	General Committee	1.00	Director	$0	$0	$0
LARRY LLOYD	General Committee	1.00	Director	$0	$0	$0
ASHLEY PEACOCK	General Committee	1.00	Director	$0	$0	$0
CHARLES HUNTER	General Committee	1.00	Director	$0	$0	$0
JOHN LARKIN	General Committee	1.00	Director	$0	$0	$0
RUSTY ORBEN	General Committee	1.00	Director	$0	$0	$0
KEVIN DONAHUE	General Committee	1.00	Director	$0	$0	$0
KEVIN MITRZYK	General Committee	1.00	Director	$0	$0	$0
HERBERT SMITH	General Committee	1.00	Director	$0	$0	$0
CURTIS SLOAN	General Committee	1.00	Director	$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	$510,578	$450,558	$268,545	$60,020
2024	$454,355	$418,728	$208,525	$35,627
2023	$375,147	$421,331	$172,898	$-46,184
2022	$448,768	$404,573	$219,082	$44,195
2021	$357,214	$341,726	$175,787	$15,488
2020	$377,299	$359,456	$160,300	$17,843

Michigan Railroads Association