LAKE CHARLES, LA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PORT RAIL INC, founded in 2011, is a community nonprofit in the Unknown sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 48% operating deficit.
THE PURPOSE OF THE CORPORATION SHALL BE TO AQUIRE, OWN, MAINTAIN, UTILIZE AND/OR OPERATE THE RAIL LINE BETWEEN THE UNION PACIFIC RAILROAD COMPANY HARBOR YARD IN LAKE CHARLES AND THE LAKE CHARLES HARBOR TERMINAL DISTRICT'S CITY DOCKS AND INDUSTRIAL CANAL IN UNINCORPORATED CALCASIEU PARISH, A DISTANCE OF APPROXIMATELY 15 MILES, AS WELL AS OTHER CONNECTING RAIL LINES AND RAIL FACILITIES, ALL IN CALCASIEU PARISH FOR THE PURPOSES OF PROMOTING ECONOMIC DEVELOPMENT IN THE REGION.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,015,159 | $924,409 | +0.1% |
| Expenses | $1,506,645 | $1,551,900 | 0.0% |
| Net Income | $-491,486 | $-627,491 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| RICHERT L SELF | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY OAKLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KARL J KRIELOW FORMER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS L LORENZI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAY C BARNETT | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| BEN BOURGEOIS | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| DEREK MIDKIFF | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$160,327 | $26,837 | $187,164 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,015,159 | $1,506,645 | $2,274,263 | $-491,486 |
| 2022 | $924,409 | $1,551,900 | $2,487,297 | $-627,491 |
| 2021 | $1,825,645 | $1,711,075 | $1,704,334 | $114,570 |
| 2020 | $2,684,973 | $1,650,844 | $1,394,013 | $1,034,129 |
| 2019 | $1,895,719 | $1,517,049 | $743,448 | $378,670 |
| 2018 | $1,519,142 | $1,229,264 | $198,090 | $289,878 |
Compare PORT RAIL INC with other nonprofits in Louisiana and across the country.