LOST RAILWAY MUSEUM

EIN: 475410254 501(c)(3) Arts, Culture & Humanities

GRASS LAKE, MI

Total Revenue
$223,894
Total Expenses
$182,967
Total Assets
$1,257,834
Net Assets
$1,228,538
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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
2015
Legal Domicile
MI
Principal Officer
PHIL WILLIS
Phone
5175229500
Tax Period
2025-01-01 to 2025-12-31

LOST RAILWAY MUSEUM, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $224K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

DEMONSTRATE THE VITAL ROLE RAILROADS AND INTERURBAN RAILWAY SYSTEM PLAYED IN THE GROWTH OF GRASS LAKE AREA AS WELL AS MICHIGAN BY DISPLAYING AN ACTUAL ELECTRIC INTERURBAN RAIL CAR AND RELATED ARTIFACTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $183,370
Program Service Revenue $0
Investment Income $0
Other Revenue $40,524
TOTAL REVENUE $223,894

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $32,533
Program Expenses $107,204
Other Expenses $182,967
TOTAL EXPENSES $182,967

Year-over-Year Comparison

2025 2024 Change
Revenue $223,894 $180,870 +0.2%
Expenses $182,967 $160,458 +0.1%
Net Income $40,927 $20,412 +1.0%
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

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
10
Independent Members
10
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA AUTRY DIRECTOR 0.50
Director
$0 $0 $0
WENDY CHIDO DIRECTOR 0.50
Director
$0 $0 $0
DAWN CUDDIE DIRECTOR 0.50
Director
$0 $0 $0
JANET EPP DIRECTOR 0.50
Director
$0 $0 $0
MATT MCKERNAN DIRECTOR 0.50
Director
$0 $0 $0
SANDRA RICHARDS DIRECTOR 0.50
Director
$0 $0 $0
STEVE RUDOLPH DIRECTOR 0.50
Director
$0 $0 $0
DARLENE SCOUTEN SECRETARY 1.00
Officer Director
$0 $0 $0
JIM STORMONT DIRECTOR 5.00
Director
$0 $0 $0
JAMIE WILLIS DIRECTOR 0.50
Director
$0 $0 $0
PHIL WILLIS PRESIDENT 5.00
Officer Director
$0 $0 $0
CONNIE WORTMAN TREASURER 2.00
Officer 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
2025 $223,894 $182,967 $1,257,834 $40,927
2024 $180,870 $160,458 $1,261,956 $20,412
2023 $288,094 $183,754 $1,268,044 $104,340
2022 $292,513 $147,814 $1,237,813 $144,699
2021 $223,250 $106,951 $1,066,504 $116,299
2020 $129,418 $124,285 $1,066,536 $5,133
2019 $173,980 $131,580 $1,057,876 $42,400
2018 $217,907 $113,664 $1,049,527 $104,243
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