KENTUCKY RAILWAY MUSEUM INC (EIN 616031095) - 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

1954

Legal Domicile

Principal Officer

GREG MATTHEWS

Phone

5025495470

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY RAILWAY MUSEUM INC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

EDUCATE THE PUBLIC ON HISTORY AND HERITAGE OF KENTUCKY'S RAILROADS

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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 (2023)

Revenue Breakdown

Contributions & Grants $594,487

Program Service Revenue $764,873

Investment Income $21,891

Other Revenue $57,120

TOTAL REVENUE $1,438,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,490

Fundraising Expenses $46,489

Program Expenses $998,385

Other Expenses $1,125,743

TOTAL EXPENSES $1,408,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,438,371	$1,801,640	-0.2%
Expenses	$1,408,233	$1,698,102	-0.2%
Net Income	$30,138	$103,538	-0.7%

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

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

$111,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MATTHEWS	PRESIDENT	40.00	Officer	$66,401	$0	$66,401
RAY TEMPLE	VICE PRESIDE	5.00	Officer	$0	$0	$0
KIM MAUPIN	SECRETARY	40.00	Officer	$45,211	$0	$45,211
TOMMY TURNER	DIRECTOR	5.00	Director	$0	$0	$0
JERI BURKS	DIRECTOR	5.00	Director	$0	$0	$0
MAISON YOUNG	DIRECTOR	5.00	Director	$0	$0	$0
ROB MINTON	DIRECTOR	5.00	Director	$0	$0	$0
CHARLIE BUCCOLA	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS BRANDT	DIRECTOR	5.00	Director	$0	$0	$0
MATT NELSON	CO-TREASURER	5.00	Director	$0	$0	$0
PATRICK JOHNSON	CO-TREASURER	5.00	Director	$0	$0	$0
ELMER KAPPELL	DIRECTOR	5.00	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	$1,438,371	$1,408,233	$1,851,844	$30,138
2022	$1,801,640	$1,698,102	$1,903,045	$103,538
2021	$813,593	$617,597	$1,853,287	$195,996
2020	$592,108	$680,242	$1,663,884	$-88,134

KENTUCKY RAILWAY MUSEUM INC