NORTH CAROLINA RAILWAY MUSEUM INC (EIN 566073399) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

Robert Grau

Phone

9193625416

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA RAILWAY MUSEUM INC, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $540K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 39% operating margin.

Mission

Operates a historical educational museum and provides rides on antique railroad equipment

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,715

Program Service Revenue $280,242

Investment Income $206,054

Other Revenue $11,110

TOTAL REVENUE $540,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,309

Other Expenses $330,309

TOTAL EXPENSES $330,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,121	$358,922	+0.5%
Expenses	$330,309	$361,746	-0.1%
Net Income	$209,812	$-2,824	-75.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Tilley	President	6.0	Officer Director	$0	$0	$0
John Morck	Vice-President	2.0	Officer Director	$0	$0	$0
Jim Jatko	Board member	7.0	Director	$0	$0	$0
Tim Carroll	Board member	6	Director	$0	$0	$0
Kevin Edwards	Board member	4.0	Director	$0	$0	$0
Art Kotz	Board member	2.0	Director	$0	$0	$0
Dennis Winchell	Board member	4	Director	$0	$0	$0
Nate DeWitt	Board member	2.0	Director	$0	$0	$0
Kyle Obermiller	Board member	2.0	Director	$0	$0	$0
Cynthia Grau	Secretary	8.0	Officer	$0	$0	$0
Robert Grau	Treasurer	10	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
2024	$540,121	$330,309	$573,574	$209,812
2023	$358,922	$361,746	$364,281	$-2,824
2022	$357,090	$358,597	$439,847	$-1,507
2021	$361,451	$219,799	$447,451	$141,652
2020	$87,199	$182,662	$258,185	$-95,463

NORTH CAROLINA RAILWAY MUSEUM INC