SIOUXLAND HISTORICAL RAILROAD ASSOC

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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

1984

Legal Domicile

Principal Officer

LARRY OBERMEYER

Phone

7122336996

Tax Period

2023-01-01 to 2023-12-31

SIOUXLAND HISTORICAL RAILROAD ASSOC, founded in 1984, is a small nonprofit that reported $279K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $322K exceeded revenue, resulting in a 16% operating deficit.

Mission

PURSUED HISTORIC PRESERVATION ACTIVITIES BY ACQUIRING, RESTORING, EXHIBITING AND OPERATING RAILROAD RELATED ARTIFACTS AND INTERPRETING THEIR IMPACT ON REGIONAL HISTORY AND DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $206,046 Revenue: $149,278

PURSUED HISTORIC PRESERVATION ACTIVITIES BY ACQUIRING, RESTORING, EXHIBITING AND OPERATING RAILROAD RELATED ARTIFACTS AND INTERPRETING THEIR IMPACT ON REGIONAL HISTORY AND DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $129,652

Program Service Revenue $149,278

Investment Income $3

Other Revenue $0

TOTAL REVENUE $278,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,179

Fundraising Expenses $0

Program Expenses $206,046

Other Expenses $301,107

TOTAL EXPENSES $322,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,933	$172,322	+0.6%
Expenses	$322,286	$497,236	-0.4%
Net Income	$-43,353	$-324,914	-0.9%

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

Total Directors

$12,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY OBERMEYER	PRESIDENT/TR	5.00	Officer	$0	$0	$0
JON WAGONER	EXECUTIVE VP	5.00	Director	$0	$0	$0
THOMAS MOLSTAD	EXECUTIVE SE	5.00	Director	$0	$0	$0
TJ OBERMEYER	EXECUTIVE DI	10.00	Director	$12,350	$0	$12,350
AUGIE NICOLAI	VOLUNTEER CO	5.00	Director	$0	$0	$0
TONYA GLANN	CREATIVE CRE	5.00	Director	$0	$0	$0
MICHAEL CAMBPELL	CREATIVE CRE	5.00	Director	$0	$0	$0
DAYANA CARBO	CREATIVE CRE	5.00	Director	$0	$0	$0
ANDY BROWN	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SWEENEY	DIRECTOR	N/A	Director	$0	$0	$0
SHERRIE MCDONALD	DIRECTOR	N/A	Director	$0	$0	$0
KEN BROWN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN OBERMEYER	DIRECTOR	N/A	Director	$0	$0	$0
ODELL OVERGAARD	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND MCDONALD	DIRECTOR	N/A	Director	$0	$0	$0
MERLYN TREMAYNE	DIRECTOR	N/A	Director	$0	$0	$0
JOE KORPIEWSKI	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$278,933	$322,286	$2,715,831	$-43,353
2022	$172,322	$497,236	$2,789,837	$-324,914
2021	$474,196	$374,132	$3,092,308	$100,064
2020	$452,533	$408,016	$2,884,572	$44,517
2019	$172,437	$278,877	$2,737,982	$-106,440
2018	$189,231	$303,095	$2,822,988	$-113,864