BLAINE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RAILROADING HERITAGE OF MIDWEST AMERICA INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $16.3M represent 48 months of operating reserves.
RHMA PROMOTES PUBLIC UNDERSTANDING OF THE HISTORY OF RAILROADING IN THE MIDWEST BY PRESERVING, RESTORING, OPERATING AND INTERPRETING HISTORIC LOCOMOTIVES AND RAIL CARS.
PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE PRESERVATION, MAINTENANCE, AND DISPLAY OF HISTORIC LOCOMOTIVES AND ROLLING STOCK, OPERATION OF LOCOMOTIVES AND COACHES FOR PUBLIC EXCURSIONS, EDUCATIONAL...
PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE PRESERVATION, MAINTENANCE, AND DISPLAY OF HISTORIC LOCOMOTIVES AND ROLLING STOCK, OPERATION OF LOCOMOTIVES AND COACHES FOR PUBLIC EXCURSIONS, EDUCATIONAL PROGRAMS, AND YOUTH TRAINING PROGRAMS. HUNDREDS OF PEOPLE VISITED THE HISTORIC COACHES AT THE PERMANENT HOME SITE IN MINNEAPOLIS. THROUGHOUT THE YEAR, THE ORGANIZATION OFFERED SCENIC EXCURSIONS AROUND THE MIDWEST AND THROUGHOUT THE UNITED STATES, INCLUDING THE "WINDY-CITY EXPRESS" ROUNDTRIPS FROM ST. PAUL TO CHICAGO. THOUSANDS OF PEOPLE VISITED AND OBSERVED THE BEAUTIFULLY RESTORED HISTORIC LOCOMOTIVE, SKYTOP AND SUPERDOME, AND SOME HISTORIC BUSINESS AND BAGGAGE CARS WHILE AT STOPS ON THE EXCURSIONS.
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 | $4,050,869 | $8,773,842 | -0.5% |
| Expenses | $4,104,590 | $3,054,597 | +0.3% |
| Net Income | $-53,721 | $5,719,245 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| STEVE SANDBERG | PRESIDENT | 40.00 |
Officer
Director
|
$116,258 | $0 | $116,258 |
| MEGAN SANDBERG | VICE PRESIDE | 40.00 |
Officer
Director
|
$47,018 | $0 | $47,018 |
| ED SELINSKY | DIRECTOR | 5.00 |
Director
|
$960 | $0 | $960 |
| RICHARD BOULET | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ERIK HOOFNAGLE | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| JON STRAND | DIRECTOR | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,050,869 | $4,104,590 | $16,497,617 | $-53,721 |
| 2023 | $8,773,842 | $3,054,597 | $16,593,606 | $5,719,245 |
| 2022 | $9,819,014 | $2,603,296 | $10,840,038 | $7,215,718 |
| 2021 | $2,025,024 | $1,307,651 | $2,946,442 | $717,373 |
| 2020 | $928,588 | $743,341 | $2,237,308 | $185,247 |
| 2019 | $2,022,807 | $1,262,826 | $2,075,479 | $759,981 |
| 2018 | $1,277,932 | $942,937 | $1,237,645 | $334,995 |
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