THE RAILWAY INDUSTRIAL CLEARANCE ASSOC

EIN: 570764301

Chicago, IL

Total Revenue
$293,842
Total Expenses
$266,657
Total Assets
$119,356
Net Assets
$119,356
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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
1969
Legal Domicile
IL
Principal Officer
THEO VALLAS
Phone
8323790879
Tax Period
2023-01-01 to 2023-12-31

THE RAILWAY INDUSTRIAL CLEARANCE ASSOC, founded in 1969, is a small nonprofit that reported $294K in total revenue in fiscal year 2023. Expenses of $267K left a modest 9% surplus.

Mission

TRADE ASSOCIATION FOR RAIL TRANSPORTATION AND RELATED INDUSTRIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,250
Program Service Revenue $282,590
Investment Income $2
Other Revenue $0
TOTAL REVENUE $293,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $27,026
Program Expenses $227,890
Other Expenses $266,657
TOTAL EXPENSES $266,657

Year-over-Year Comparison

2023 2022 Change
Revenue $293,842 $292,377 +0.0%
Expenses $266,657 $280,487 0.0%
Net Income $27,185 $11,890 +1.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THEO VALLAS PRESIDENT 3.00
Officer Director
$0 $0 $0
LAURIE NELSON-COOLEY CHAIRPERSON 3.00
Director
$0 $0 $0
GRANT WATTMAN VP 3.00
Officer Director
$0 $0 $0
BEN DUVALL TREASURER 6.00
Officer Director
$0 $0 $0
JEFF KETTERMAN SECRETARY 3.00
Officer Director
$0 $0 $0
GREG MCCOMAS DIRECTOR 1.00
Director
$0 $0 $0
ANDREA ZANGERLE DIRECTOR 1.00
Director
$0 $0 $0
JESSICA KARCZ DIRECTOR 1.00
Director
$0 $0 $0
AJ BUSH DIRECTOR 1.00
Director
$0 $0 $0
ROCCO PICCIRILLO DIRECTOR 1.00
Director
$0 $0 $0
JOE SINDELAR DIRECTOR 1.00
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 $293,842 $266,657 $119,356 $27,185
2022 $292,377 $280,487 $92,171 $11,890
2021 $2,552 $23,097 $80,281 $-20,545
2020 $21,003 $56,850 $100,826 $-35,847
2019 $468,933 $323,500 $200,521 $145,433
2019 $406,973 $325,388 $136,673 $81,585
2018 $291,115 $290,789 $45,298 $326
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