LAKE SUPERIOR RAILROAD MUSEUM FD

EIN: 462772524 501(c)(3) Unknown

DULUTH, MN

Total Revenue
$60,792
Total Expenses
$7,520
Total Assets
$577,941
Net Assets
$577,941
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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

Principal Officer
JIM BENDER
Tax Period
2024-04-01 to 2025-03-31

LAKE SUPERIOR RAILROAD MUSEUM FD is a micro nonprofit in the Unknown sector that reported $61K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 88% operating margin.

Mission

CHARITABLE AND EDUCATIONAL PURPOSES.

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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 $24,771
Program Service Revenue $0
Investment Income $36,021
Other Revenue $0
TOTAL REVENUE $60,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,520
Other Expenses $7,520
TOTAL EXPENSES $7,520

Year-over-Year Comparison

2024 2023 Change
Revenue $60,792 $137,694 -0.6%
Expenses $7,520 $9,151 -0.2%
Net Income $53,272 $128,543 -0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BENDER PRESIDENT 1.00
Officer
$0 $0 $0
TOM CANNON SECRETARY 1.00
Officer
$0 $0 $0
RICHARD PETERSON VICE PRESIDE 1.00
Officer
$0 $0 $0
ED ROBINSON TREASURER 1.00
Officer
$0 $0 $0
NEAL VANSTROM VICE PRESIDE 1.00
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 $60,792 $7,520 $577,941 $53,272
2024 $137,694 $9,151 $526,972 $128,543
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