SOUTH BAY HISTORICAL RAILROAD SOCI… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

KRISTOFFER BORGEN

Phone

4082433969

Tax Period

2024-07-01 to 2025-06-30

SOUTH BAY HISTORICAL RAILROAD SOCIETY INC, founded in 1985, is a small nonprofit that reported $195K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $216K exceeded revenue, resulting in a 11% operating deficit.

Mission

RAILROAD MUSEUM, LIBRARY, AND COMMUNITY MEETING ROOM A) ACQUIRED RAILROAD-RELATED ARTIFACTS, BOOKS AND VIDEOS, B)PROVIDED MEETING FACILITIES FOR LOCAL HISTORICAL ORGANIZATIONS SUCH AS NATIONAL RAILWAY HISTORICAL SOCIETY, MODERN TRANSIT SOCIETY, SANTA CLARA VALLEY RAILROAD ASSOCIATION, AND HERITAGE COUNCIL OF SANTA CLARA COUNTY, C) MAINTAINED AND OPERATED A RAILROAD HISTORY MUSEUM, FEATURING MANY ARTIFACTS, INCLUDING SEVERAL HANDS-ON EXHIBITS AND SCALE OPERATING DISPLAYS. WE ENTERTAINED OVERSEAS VISITORS FROM ENGLAND, JAPAN, INDIA, SWITZERLAND, CANADA, FRANCE, GERMANY, ISRAEL, SINGAPORE, AND THE NETHERLANDS, VISITORS FROM MANY OF THE STATES IN THE UNITED STATES, AS WELL AS VISITORS FROM ALL OVER CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $64,481

RAILROAD MUSEUM, LIBRARY, AND COMMUNITY MEETING ROOM: A) ACQUIRED RAILROAD-RELATED ARTIFACTS, BOOKS AND VIDEOS; B) PROVIDED MEETING FACILITIES LOCAL HISTORICAL ORGANIZATIONS SUCH AS THE NATIONAL...

RAILROAD MUSEUM, LIBRARY, AND COMMUNITY MEETING ROOM: A) ACQUIRED RAILROAD-RELATED ARTIFACTS, BOOKS AND VIDEOS; B) PROVIDED MEETING FACILITIES LOCAL HISTORICAL ORGANIZATIONS SUCH AS THE NATIONAL RAILWAY HISTORICAL SOCIETY, BROTHERHOOD OF LOCOMOTIVE ENGINEERS, PCJPB, SCVRA, ETC. OPERATE A RAILROAD MUSEUM, SCALE MODEL DISPLAY, AND ENTERTAIN FOREIGN VISITORS.

Program 2

Expenses: $114,936

RESTORATION OF HISTORICAL RAILROAD STRUCTURES A) MAINTENANCE AND UPKEEP OF RESTORED DEPOT, BUILT IN 1863. ALL VOLUNTEER LABOR DONATED AND NOT COSTED; B) RESORATION OF INTERLOCKING CONTROL TOWER AND TWO OUTBUILDINGS. THE RENT CHARGE OF $24K FOR THE YEAR WERE OFFSET BY RENT CREDITS AWARDED BY THE JPB IN EXCHANGE FOR VOLUNTEER HOURS.

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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 $37,466

Program Service Revenue $0

Investment Income $151,998

Other Revenue $5,136

TOTAL REVENUE $194,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,417

Other Expenses $216,284

TOTAL EXPENSES $216,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,600	$216,498	-0.1%
Expenses	$216,284	$383,214	-0.4%
Net Income	$-21,684	$-166,716	-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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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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STOCKWELL	CHAIRMAN	4.00	Officer Director	$0	$0	$0
JOHN WILEY	PRESIDENT	6.00	Officer Director	$0	$0	$0
VANCE JOHNSON	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
CHUCK STED	TREASURER	22.00	Officer Director	$0	$0	$0
PAUL GILLESPIE	SECRETARY	4.00	Officer Director	$0	$0	$0
LLOYD DARKNELL	BOARD MEMBER	12.00	Director	$0	$0	$0
DAVID BRUNDNICKI	BOARD MEMBER	12.00	Director	$0	$0	$0
JAMES BARTOLOTTA	DIRECTOR	10.00	Director	$0	$0	$0
KRISTOPHER BORGEN	ASSISTANT TREASURER	11.00	Officer 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	$194,600	$216,284	$1,019,038	$-21,684
2024	$216,498	$383,214	$1,040,124	$-166,716
2023	$258,415	$222,340	$1,207,859	$36,075
2022	$175,182	$201,490	$1,171,092	$-26,308
2021	$84,904	$158,511	$1,196,852	$-73,607
2020	$100,672	$207,948	$1,270,504	$-107,276
2019	$1,295,471	$79,877	$1,378,120	$1,215,594

SOUTH BAY HISTORICAL RAILROAD SOCIETY INC