TENNESSEE CENTRAL RAILWAY MUSEUM AND MODEL RAILROAD CLUB

EIN: 621421206 501(c)(3) Unknown

NASHVILLE, TN

Total Revenue
$1,307,142
Total Expenses
$625,869
Total Assets
$4,875,103
Net Assets
$4,863,110
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TN
Principal Officer
TERRY BEBOUT
Phone
6152449001
Tax Period
2024-01-01 to 2024-12-31

TENNESSEE CENTRAL RAILWAY MUSEUM AND MODEL RAILROAD CLUB, founded in 1989, is a community nonprofit in the Unknown sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $681K, a strong 52% operating margin.

Mission

HISTORICAL PRESERVATION OF RAILROAD EQUIPMENT AND EDUCATION OF THE PUBLIC ABOUT PASSENGER TRAIN TRAVEL.

Program Service Accomplishments

Program 1
Expenses: $379,345 Revenue: $1,077,417

PASSENGER TRAIN OPERATIONS - HISTORIC PASSENGER TRAIN EXCURSIONS OPEN TO PUBLIC FOR EDUCATIONAL AND SAFETY PURPOSES. APPROXIMATELY 10,500 EXCURSION PASSENGERS PARTICIPATED DURING 2024.

Program 2
Expenses: $102,309 Revenue: $0

RESTORATION AND MAINTENANCE OF RAILROAD EQUIPMENT INCLUDING PASSENGER CARS, CABOOSES, FREIGHT CARS AND LOCOMOTIVES. APPROXIMATELY 16 VOLUNTEER MEMBERS CONTRIBUTED 1600 HOURS IN RESTORING AND...

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RESTORATION AND MAINTENANCE OF RAILROAD EQUIPMENT INCLUDING PASSENGER CARS, CABOOSES, FREIGHT CARS AND LOCOMOTIVES. APPROXIMATELY 16 VOLUNTEER MEMBERS CONTRIBUTED 1600 HOURS IN RESTORING AND MAINTAINING RAILROAD EQUIPMENT DURING 2024.

Program 3
Expenses: $124,683 Revenue: $109,289

MUSEUM OPERATIONS - LOCATED IN THE FORMER TENNESSEE CENTRAL RAILWAY MASTER MECHANIC'S OFFICE, THE MUSEUM HOUSES OFFICES, A LIBRARY, A GIFT SHOP AND A COLLECTION OF RAILROAD MATERIAL INCLUDING ONE OF...

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MUSEUM OPERATIONS - LOCATED IN THE FORMER TENNESSEE CENTRAL RAILWAY MASTER MECHANIC'S OFFICE, THE MUSEUM HOUSES OFFICES, A LIBRARY, A GIFT SHOP AND A COLLECTION OF RAILROAD MATERIAL INCLUDING ONE OF THE LARGEST COLLECTIONS OF TENNESSEE CENTRAL RAILWAY ARTIFACTS TO BE FOUND. BUSINESS MEETINGS FOR MEMBERS, GUESTS AND GENERAL PUBLIC ARE ALSO HELD. APPROXIMATELY 10,500 PASSENGERS AND 1500 GUESTS VISITED THE GROUNDS OF THE ORGANIZATION DURING 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,124
Program Service Revenue $1,100,596
Investment Income $78,313
Other Revenue $86,109
TOTAL REVENUE $1,307,142

Expense Breakdown

Grants Paid $400
Salaries & Benefits $35,715
Fundraising Expenses $0
Program Expenses $606,337
Other Expenses $589,754
TOTAL EXPENSES $625,869

Year-over-Year Comparison

2024 2023 Change
Revenue $1,307,142 $1,098,594 +0.2%
Expenses $625,869 $748,795 -0.2%
Net Income $681,273 $349,799 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
60

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
$9,000
Total Directors
8
$26,715
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN KENNEDY DIRECTOR 5.00
Director
$0 $0 $0
GEORGE GILBERT DIRECTOR 3.00
Director
$0 $0 $0
GORDON SMITH DIRECTOR 10.00
Director
$0 $0 $0
GENE TURNAGE DIRECTOR 5.00
Director
$26,715 $0 $26,715
RANDAL BROOKS DIRECTOR 15.00
Director
$0 $0 $0
TIMOTHY BEBOUT DIRECTOR 10.00
Director
$0 $0 $0
DOMINIC BREEZE DIRECTOR 5.00
Director
$0 $0 $0
RICK WHITE DIRECTOR 5.00
Director
$0 $0 $0
TERRY BEBOUT PRESIDENT 20.00
Officer
$9,000 $0 $9,000
STEVE TOMBLIN SECRETARY 25.00
Officer
$0 $0 $0
ALLEN HICKS VICE PRESIDENT 2.00
Officer
$0 $0 $0
MARK HENRY TREASURER 25.00
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 $1,307,142 $625,869 $4,875,103 $681,273
2023 $1,098,594 $748,795 $4,190,838 $349,799
2022 $1,024,598 $639,202 $3,840,423 $385,396
2021 $918,761 $505,500 $3,453,740 $413,261
2020 $229,420 $373,500 $3,319,352 $-144,080
2019 $742,523 $641,727 $3,496,455 $100,796
2018 $834,595 $735,395 $3,433,194 $99,200
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