MUSEUM OF THE AMERICAN RAILROAD

EIN: 756036999 501(c)(3) Arts, Culture & Humanities

FRISCO, TX

Total Revenue
$426,246
Total Expenses
$559,946
Total Assets
$5,212,638
Net Assets
$5,099,272
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
TX
Principal Officer
BOB LAPRELLE
Phone
2144280101
Tax Period
2025-01-01 to 2025-12-31

MUSEUM OF THE AMERICAN RAILROAD, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $560K exceeded revenue, resulting in a 31% operating deficit.

Mission

Operation of Railroad Museum and Presentation of Educational Programs.

Program Service Accomplishments

Program 1
Expenses: $283,026 Revenue: $267,114

OPERATION OF THE MUSEUM OF THE AMERICAN RAILROAD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $118,123
Program Service Revenue $187,028
Investment Income $2,858
Other Revenue $118,237
TOTAL REVENUE $426,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,606
Fundraising Expenses $85,800
Program Expenses $283,026
Other Expenses $240,340
TOTAL EXPENSES $559,946

Year-over-Year Comparison

2025 2024 Change
Revenue $426,246 $544,521 -0.2%
Expenses $559,946 $559,392 +0.0%
Net Income $-133,700 $-14,871 +8.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
13
Employees
12
Volunteers
50

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
6
$175,000
Total Directors
15
$175,000
Key Employees
3
$226,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT H LAPRELLE CEO 50
Officer Director Key Emp Highest
$95,000 $0 $95,000
KELLIE V MURPHY COO/Trustee 40
Officer Director Key Emp
$80,000 $0 $80,000
JOHN W GARBUTT Director of Programs & Services 40
Key Emp
$51,000 $0 $51,000
Robert Willis Trustee 2
Director
$0 $0 $0
Michael J Raftery Trustee 2
Director
$0 $0 $0
Will Russell Trustee 2
Director
$0 $0 $0
E Michael Simpson Trustee 2
Director
$0 $0 $0
Rich Wessler Trustee 2
Director
$0 $0 $0
William Blaylock Chair 4
Officer Director
$0 $0 $0
William D Gibson Vice Chair 3
Officer Director
$0 $0 $0
Gary P Carley Treasurer 3
Officer Director
$0 $0 $0
Carmen Ramirez Secretary 3
Officer Director
$0 $0 $0
Eric D Aimes Sr Trustee 2
Director
$0 $0 $0
Fred Backus Trustee 2
Director
$0 $0 $0
Lisa Bethea Trustee 2
Director
$0 $0 $0
John Hoxie Trustee 2
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
2025 $426,246 $559,946 $5,212,638 $-133,700
2024 No data No data No data No data
2023 $438,959 $522,393 $5,368,440 $-83,434
2022 $735,295 $489,596 $5,422,474 $245,699
2021 $1,894,971 $619,775 $5,171,260 $1,275,196
2020 $191,437 $388,961 $3,816,680 $-197,524
2019 $324,736 $463,650 $4,016,096 $-138,914
2018 $1,088,283 $443,673 $4,157,952 $644,610
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