FLORIDA RAILROAD MUSEUM INC (EIN 592261446) - 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

1982

Legal Domicile

Principal Officer

PATRICK MASTERSON

Phone

9417760906

Tax Period

2024-07-01 to 2025-06-30

FLORIDA RAILROAD MUSEUM INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 10% surplus.

Mission

SEE STATEMENT

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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 $23,405

Program Service Revenue $1,685,961

Investment Income $36,635

Other Revenue $168,178

TOTAL REVENUE $1,914,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,841

Fundraising Expenses $0

Program Expenses $1,721,085

Other Expenses $1,294,244

TOTAL EXPENSES $1,721,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,914,179	$1,735,067	+0.1%
Expenses	$1,721,085	$1,766,128	0.0%
Net Income	$193,094	$-31,061	-7.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CHAPMAN	VICE PRESIDENT AND TREASURER	30.00	Officer Director	$0	$0	$0
PETER MASON	DIRECTOR	10.00	Director	$0	$0	$0
KAROL CHORDAS	DIRECTOR	10.00	Director	$0	$0	$0
JOHN HALASH	DIRECTOR	12.00	Director	$0	$0	$0
PATRICK MASTERSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
ELAINE CHAPMAN	SECRETARY	10.00	Officer Director	$0	$0	$0
ROBERT LEWIS	GENERAL MANAGER	60.00	Key Emp	$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	$1,914,179	$1,721,085	$4,114,304	$193,094
2024	$1,735,067	$1,766,128	$3,947,667	$-31,061
2023	$2,213,766	$1,833,952	$4,031,196	$379,814
2022	$2,530,621	$1,519,898	$3,860,915	$1,010,723
2021	$1,165,852	$1,109,692	$2,758,533	$56,160
2020	$1,328,294	$1,195,151	$2,723,860	$133,143
2019	$1,763,842	$1,350,992	$2,558,503	$412,850

FLORIDA RAILROAD MUSEUM INC