Lake Superior and Mississippi Railroad (EIN 411398934) - 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

1981

Legal Domicile

Principal Officer

Kerry Carter

Phone

2183418672

Tax Period

2022-01-01 to 2022-12-31

Lake Superior and Mississippi Railroad, founded in 1981, is a small nonprofit that reported $251K in total revenue in fiscal year 2022. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 72% operating margin.

Mission

Educational train rides over scenic and historic railroad tracks

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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 $251,443

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $251,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,076

Other Expenses $71,076

TOTAL EXPENSES $71,076

Year-over-Year Comparison

	2022	2021	Change
Revenue	$251,482	$97,781	+1.6%
Expenses	$71,076	$54,840	+0.3%
Net Income	$180,406	$42,941	+3.2%

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

N/A

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
Joel Manns	-	20.00	Officer Director	$0	$0	$0
Harold Dols	Secretary/Director	5.00	Officer Director	$0	$0	$0
Kerry Carter	Treasurer/Director	5.00	Officer Director	$0	$0	$0
Kim Culp	Director	5.00	Director	$0	$0	$0
Rich Johnson	Director	5.00	Director	$0	$0	$0
Pat Johnson	Director	5.00	Director	$0	$0	$0
David Moore	Director	5.00	Director	$0	$0	$0
Dick Hanson	Director	5.00	Director	$0	$0	$0
Kenneth Johnson	Director	5.00	Director	$0	$0	$0
Brad Massengill	Director	5.00	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	$251,482	$71,076	$484,382	$180,406

Lake Superior and Mississippi Railroad