MISSABE RAILROAD HISTORICAL SOCIETY

EIN: 412013813 501(c)(3) Arts, Culture & Humanities

DULUTH, MN

Total Revenue
$38,500
Total Expenses
$20,799
Total Assets
$88,126
Net Assets
$88,126
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MN
Principal Officer
HANS KRAEMER
Phone
9528921675
Tax Period
2024-07-01 to 2025-06-30

MISSABE RAILROAD HISTORICAL SOCIETY, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 46% operating margin.

Mission

TO PROVIDE AN ONGOING ORGANIZED FORUM ON THE DULUTH, MISSABE & IRON RANGE RAILWAY FROM A RAILFAN AND MODELER PERSPECTIVE. THIS INCLUDES THE COLLECTION AND DISTRIBUTION OF HISTORICAL AND CURRENT EVENTS INFORMATION ABOUT THE MISSABE AND ITS PREDECESSORS, AND THE INDUSTRIES IT TOUCHES, INCLUDING OTHER MINING RAILROADS, MINING OPERATIONS, LOCAL INDUSTRY, GREAT LAKES SHIPPING, AND INTERCHANGE RAIL CARRIERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,241
Program Service Revenue $17,295
Investment Income $1,560
Other Revenue $11,404
TOTAL REVENUE $38,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,914
Other Expenses $20,799
TOTAL EXPENSES $20,799

Year-over-Year Comparison

2024 2023 Change
Revenue $38,500 $23,617 +0.6%
Expenses $20,799 $29,534 -0.3%
Net Income $17,701 $-5,917 -4.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAREY JOHNSON MEMBERSHIP CHAIR 1.00
Director
$0 $0 $0
KENT RENGO ARCHIVES CHAIR 1.00
Director
$0 $0 $0
TIM SCHUBERT MEMBER AT LARGE 1.00
Director
$0 $0 $0
TIM VITELLI PUBLISHING CHAIR 1.00
Director
$0 $0 $0
HANS KRAEMER TREASURER 1.00
Officer
$0 $0 $0
PAUL BOENING SECRETARY 1.00
Officer
$0 $0 $0
TIM SCHANDEL VICE PRESIDENT 5.00
Officer
$0 $0 $0
TIM VITELLI PRESIDENT 5.00
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 $38,500 $20,799 $88,126 $17,701
2024 $23,617 $29,534 $70,425 $-5,917
2023 $20,142 $25,122 $76,342 $-4,980
2022 $23,224 $18,358 $81,322 $4,866
2021 $24,535 $23,872 $76,456 $663
2020 $22,985 $23,112 $75,793 $-127
2019 $18,626 $18,801 $75,920 $-175
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