AMERICAN PASSENGER TRAIN HISTORY MUSEUM INC

EIN: 830998791 501(c)(3) Arts, Culture & Humanities

Charles City, IA

Total Revenue
$290,282
Total Expenses
$16,943
Total Assets
$1,108,108
Net Assets
$1,093,158
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IA
Principal Officer
Robert W Moen
Phone
6122404407
Tax Period
2024-01-01 to 2024-12-31

AMERICAN PASSENGER TRAIN HISTORY MUSEUM INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $290K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $273K, a strong 94% operating margin.

Mission

Our primary purpose is to educate the public on the role and history of the Passenger Train in America. Our organization is in the collecting and building phase of it's development. We are acquiring passenger train cars for display (diners, coaches, sleepers). In 2021 we acquired and moved a large train depot to our museum site. The main focus and achievement this year was to began the fundraising effort for renovating the building with new electrical, HVAC, plumbing systems and restoring it to being a functional building. We will continue the fundraising effort this year. We also were able to acquire a rare Burlington railroad "Zephyr" train Railway Post Office car for future display. We also acquired a sleeper for our Great Northern Railway "Empire Builder" train set and two Milwaukee Road "Hiawatha" train coaches. We are not yet open to the public and do not expect to be for several years as we work on restoring the depot and the trains that will be on display.

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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 $290,138
Program Service Revenue $0
Investment Income $139
Other Revenue $5
TOTAL REVENUE $290,282

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $626
Program Expenses $0
Other Expenses $16,943
TOTAL EXPENSES $16,943

Year-over-Year Comparison

2024 2023 Change
Revenue $290,282 $153,500 +0.9%
Expenses $16,943 $11,260 +0.5%
Net Income $273,339 $142,240 +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
7
Independent Members
6
Employees
N/A
Volunteers
25

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kurt P Haubrich Director 3
Director
$0 $0 $0
Cody Ritter Director 1
Director
$0 $0 $0
Matthew Arnold Director 1
Director
$0 $0 $0
Robert W Moen President 16
Officer Director
$0 $0 $0
Brian W Nelson Vice President 0.5
Officer Director
$0 $0 $0
Christopher D Krebill Secretary and Director 5
Officer Director
$0 $0 $0
Justin L Nelson Treasurer and Director 6
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
2024 $290,282 $16,943 $1,108,108 $273,339
2023 $153,500 $11,260 $834,237 $142,240
2022 $88,944 $6,506 $692,579 $82,438
2021 $375,282 $4,084 $600,141 $371,198
2020 $212,342 $2,036 $223,943 $210,306
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