FRIENDS OF THE CUMBRES & TOLTEC SCENIC RAILROAD INC

EIN: 850363487 501(c)(3) Arts, Culture & Humanities

ALBUQUERQUE, NM

Total Revenue
$738,711
Total Expenses
$745,202
Total Assets
$2,143,196
Net Assets
$2,064,014
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NM
Principal Officer
JOSEPH RICHARD MARSDEN JR
Phone
5058801311
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE CUMBRES & TOLTEC SCENIC RAILROAD INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2024. Net assets of $2.1M represent 34 months of operating reserves.

Mission

FRIENDS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD INC. IS DEDICATED TO THE HISTORIC PRESERVATION, RESTORATION AND INTERPRETATION OF THE CUMBRES AND TOLTEC SCENIC RAILROAD AS A LIVING MUSEUM. THE FRIENDS ENVISION ANOTHER CENTURY OF NARROW GAUGE STEAM RAILROADING WITH THE CUMBRES AND TOLTEC SCENIC RAILROAD BEING WIDELY RECOGNIZED AS ONE OF THE WORLD'S PREMIER "LIVING" MUSEUMS FOR HISTORIC, STEAM RAILROAD OPERATION, PRESERVATION AND INTERPRETATION AND INDUSTRIAL HERITAGE. THE FRIENDS ALSO ENVISIONS THE RAILROAD TO BE THE WORLD'S BEST AND MOST POPULAR TOURIST STEAM RAILROAD EXPERIENCE. RESPONSIBILITY FOR AND LEADERSHIP OF THE HISTORIC PRESERVATION AND MUSEUM FUNCTIONS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD WILL REST WITH THE FRIENDS, TO BE KNOWN AND RESPECTED INTERNATIONALLY AS THE BEST NON-PROFIT, HISTORIC RAILWAY PRESERVATION AND MUSEUM ORGANIZATION IN THE WORLD.

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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 $610,056
Program Service Revenue $88,181
Investment Income $38,113
Other Revenue $2,361
TOTAL REVENUE $738,711

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $205,846
Fundraising Expenses $145,868
Program Expenses $429,014
Other Expenses $519,356
TOTAL EXPENSES $745,202

Year-over-Year Comparison

2024 2023 Change
Revenue $738,711 $759,551 0.0%
Expenses $745,202 $744,725 +0.0%
Net Income $-6,491 $14,826 -1.4%
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
17
Independent Members
16
Employees
3
Volunteers
200

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
5
$122,450
Total Directors
17
$122,450
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM TENNANT FORMER PRESI 40.00
Officer Director
$122,450 $0 $122,450
DON STEWART CHAIRMAN 7.00
Officer Director
$0 $0 $0
CAROLINE TOWER VICE-CHAIR 11.00
Officer Director
$0 $0 $0
BILL LOCK TREASURER 5.00
Officer Director
$0 $0 $0
JOHN ENGS PROJ COM CHA 36.00
Officer Director
$0 $0 $0
SCOTT HARDY DIRECTOR 15.00
Director
$0 $0 $0
DON ATKINSON DIRECTOR 1.00
Director
$0 $0 $0
ED BEAUDETTE DIRECTOR 1.00
Director
$0 $0 $0
PAUL DAVENPORT DIRECTOR 1.00
Director
$0 $0 $0
MELISSA SELLERS DIRECTOR 5.00
Director
$0 $0 $0
JIM HERRON DIRECTOR 2.00
Director
$0 $0 $0
DAN PYZEL DIRECTOR 1.00
Director
$0 $0 $0
JOHN FERRELL DIRECTOR 2.00
Director
$0 $0 $0
IAN KELLY DIRECTOR 10.00
Director
$0 $0 $0
TOM STEWART DIRECTOR 5.00
Director
$0 $0 $0
FRANK HIGGINS DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN JORGENSEN DIRECTOR 1.00
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 $738,711 $745,202 $2,143,196 $-6,491
2023 $759,551 $744,725 $2,151,757 $14,826
2022 $939,378 $689,764 $2,105,487 $249,614
2021 $660,870 $790,412 $1,847,446 $-129,542
2020 $545,822 $644,120 $1,959,657 $-98,298
2019 $1,089,364 $606,070 $2,074,780 $483,294
2018 $779,259 $568,447 $1,590,818 $210,812
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