WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION (EIN 521584622) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

WESLEY HEINZ

Tax Period

2023-01-01 to 2023-12-31

WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION, founded in 1905, is a community nonprofit in the Public & Societal Benefit sector that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 7% surplus.

Mission

PROMOTION OF TOURISM

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $560,909

Program Service Revenue $3,811,916

Investment Income $174

Other Revenue $-18,674

TOTAL REVENUE $4,354,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,131,634

Fundraising Expenses $0

Program Expenses $3,344,863

Other Expenses $2,902,143

TOTAL EXPENSES $4,033,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,354,325	$3,934,218	+0.1%
Expenses	$4,033,777	$3,739,121	+0.1%
Net Income	$320,548	$195,097	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$98,701

Total Directors

$98,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY HEINZ	EXECUTIVE DIR	040.00	Officer Director	$98,701	$0	$98,701
MIKE MCKAY	DIRECTOR	005.00	Officer Director	$0	$0	$0
ROBERT FLANIGAN	PRESIDENT	005.00	Officer Director	$0	$0	$0
EUGENE FRAZIER	DIRECTOR	001.00	Director	$0	$0	$0
JOHN KIRBY	TREASURER	001.00	Director	$0	$0	$0
RAY MORRIS	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
ROGER DEWITT	DIRECTOR	001.00	Director	$0	$0	$0
TODD MCKENZIE	SECRETARY	005.00	Officer Director	$0	$0	$0
VICTOR REZENDES	DIRECTOR	001.00	Director	$0	$0	$0
TODD LOGSDON	DIRECTOR	001.00	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	$4,354,325	$4,033,777	$5,778,219	$320,548
2022	$3,934,218	$3,739,121	$4,593,263	$195,097
2021	$2,322,862	$1,983,727	$4,819,096	$339,135
2020	$1,434,283	$983,665	$4,633,734	$450,618

WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION