SIOUXLAND HISTORICAL RAILROAD ASSOC

EIN: 421230863 501(c)(3)

SIOUX CITY, IA

Total Revenue
$278,933
Total Expenses
$322,286
Total Assets
$2,715,831
Net Assets
$2,213,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IA
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

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
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
1
$0
Total Directors
16
$12,350
Key Employees
0
$0
Highest Compensated
0
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
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