COLAFAX RAILROAD MUSEUM INC (EIN 391957861) - 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

1999

Legal Domicile

Principal Officer

HERBERT F SAKALAUCKS JR

Phone

7159622076

Tax Period

2022-01-01 to 2022-12-31

COLAFAX RAILROAD MUSEUM INC, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2022. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 51% operating deficit.

Mission

A NONPROFIT MUSEUM DEDICATED TO THE PRESERVATION, RESTORATION, AND INTERPRETIVE DISPLAY OF WESTERN WISCONSINS RAILROAD HERITAGE. THIS IS ACCOMPLISHED THROUGH RESTORATION OF HISTORIC RAILROAD ARTIFACTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,145

Program Service Revenue $2,231

Investment Income $25

Other Revenue $0

TOTAL REVENUE $22,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,746

Fundraising Expenses $0

Program Expenses $33,732

Other Expenses $25,986

TOTAL EXPENSES $33,732

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,401	$50,464	-0.6%
Expenses	$33,732	$48,195	-0.3%
Net Income	$-11,331	$2,269	-6.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SAKALAUCKS	CHAIRMAN/ DIRECTOR	015.00	Officer Director	$0	$0	$0
CHARLES SCHAAF	VICE-CHAIRMAN/ DIRECTOR	003.00	Officer Director	$0	$0	$0
TAMMY LARSON	SECRETARY/ DIRECTOR	010.00	Officer Director	$0	$0	$0
HERBERT SAKALAUCKS JR	TREASURER/ DIRECTOR	040.00	Officer Director	$0	$0	$0
CONNIE KEES	LIBRARIAN/ DIRECTOR	020.00	Director	$0	$0	$0
WARREN LATHOM	DIRECTOR	001.00	Director	$0	$0	$0
LEANN RALPH	DIRECTOR	003.00	Director	$0	$0	$0
MICHAEL HAFFEMAN	DIRECTOR	005.00	Director	$0	$0	$0
JAMES ZONS	DIRECTOR	002.00	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
2022	$22,401	$33,732	$572,416	$-11,331
2021	$50,464	$48,195	$571,730	$2,269
2020	$109,317	$32,690	$560,174	$76,627

COLAFAX RAILROAD MUSEUM INC