NEVADA NORTHERN RAILWAY FOUNDATION

EIN: 880203211 501(c)(3)

ELY, NV

Total Revenue
$3,640,508
Total Expenses
$4,053,152
Total Assets
$12,106,544
Net Assets
$10,809,055
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NV
Tax Period
2023-01-01 to 2023-12-31

NEVADA NORTHERN RAILWAY FOUNDATION, founded in 1985, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PRIMARY PURPOSE IS TO INCREASE PUBLIC AWARENESS AND APPRECIATION FOR THE HISTORY OF WHITE PINE COUNTY. THIS IS ACCOMPLISHED THROUGH THE USE OF HISTORIC STEAM TRAIN RIDES AND A MUSEUM DEDICATED TO MAINTAINING AND PRESERVING AN INTEGRAL PART OF ITS ILLUSTRIOUS PAST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,224,011
Program Service Revenue $1,064,219
Investment Income $682
Other Revenue $351,596
TOTAL REVENUE $3,640,508

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,218,881
Fundraising Expenses $195,509
Program Expenses $2,775,840
Other Expenses $2,834,271
TOTAL EXPENSES $4,053,152

Year-over-Year Comparison

2023 2022 Change
Revenue $3,640,508 $3,161,357 +0.2%
Expenses $4,053,152 $2,940,548 +0.4%
Net Income $-412,644 $220,809 -2.9%
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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Governance

Voting Members
7
Independent Members
7
Employees
39
Volunteers
N/A

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
2
$171,932
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BASSETT PRESIDENT 60.00
Officer
$112,543 $0 $112,543
JOAN BASSETT SECRETARY 40.00
Officer
$59,389 $0 $59,389
BRUCE WYCOFF DIRECTOR 3.00
Director
$0 $0 $0
CAROLINE MCINTOSH DIRECTOR 3.00
Director
$0 $0 $0
JERI-LYNN HARPER-WILLIAMS DIRECTOR 3.00
Director
$0 $0 $0
ROGER BOWERS DIRECTOR 6.00
Director
$0 $0 $0
JIM ALWORTH DIRECTOR 1.00
Director
$0 $0 $0
JOHN GIANOLI CHAIRMAN 10.00
Director
$0 $0 $0
CARL MARSH VICE CHAIRMAN 3.00
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 No data No data No data No data
2023 $3,640,508 $4,053,152 $12,106,544 $-412,644
2022 $3,161,357 $2,940,548 $12,315,978 $220,809
2021 $3,367,956 $2,513,854 $12,170,524 $854,102
2020 $2,782,544 $2,082,409 $11,564,662 $700,135
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