Pacific Locomotive Association Inc… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

Tim Flippo

Phone

5109968420

Tax Period

2024-07-01 to 2025-06-30

Pacific Locomotive Association Inc Niles Canyon Railway, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $765K, a strong 36% operating margin.

Mission

The Company has been collecting rare and unusual railroad equipment since the early 1960s in an effort to preserve our Pacific Coast railroad history for the enjoyment of future generations.

Program Service Accomplishments

Program 1

Expenses: $794,097 Revenue: $1,448,607

* Preserving the atmosphere of railroads in small-town America before the 1960s by connecting the historic communities of Sunol, the Niles District of Fremont, and eventually Pleasanton.* Providing educational programs for schools, civic organizations, and community events.* Instructing the public in railroad history, tradition, and the evolution of rail transportation technology.

Program 2

Expenses: $184,972 Revenue: $25,537

Pacific Locomotive Association's Niles Canyon Railway provides historic train ride experiences to the public year round from the 1880's depot in Sunol and from Niles Station in Fremont, California...

Pacific Locomotive Association's Niles Canyon Railway provides historic train ride experiences to the public year round from the 1880's depot in Sunol and from Niles Station in Fremont, California. The Pacific Locomotive Association, Inc. operates the Niles Canyon Railway as a living history museum interpreting the importance of our heritage railroads in the development of California and the nation.The museum is designed to increase public education, enjoyment, and appreciation of the significance of Americas western railroads by:* Operating historic railroad equipment using standard railroad practices for train crews, signaling, block operations, and equipment maintenance.

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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 $227,961

Program Service Revenue $1,444,720

Investment Income $397,877

Other Revenue $34,424

TOTAL REVENUE $2,104,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $979,069

Other Expenses $1,340,199

TOTAL EXPENSES $1,340,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,104,982	$1,914,681	+0.1%
Expenses	$1,340,199	$1,518,844	-0.1%
Net Income	$764,783	$395,837	+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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Liquidity & Cash Position

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Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

600

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
Tim Flippo	President	20.00	Officer Director	$0	$0	$0
James Evans	Vice President	5.00	Officer Director	$0	$0	$0
Patrick Stratton	Treasurer	25.00	Officer Director	$0	$0	$0
Matthew Petach	Rec Secretary	20.00	Officer Director	$0	$0	$0
Richard Alexander	Mem Secretary	25.00	Officer Director	$0	$0	$0
Steven Barkkarie	General Mgr	15.00	Director	$0	$0	$0
Justin Legg	Director	5.00	Director	$0	$0	$0
Patrice McDonald	Director	10.00	Director	$0	$0	$0
Warren Haack	Director	5.00	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
2025	$2,104,982	$1,340,199	$9,112,774	$764,783
2024	$1,914,681	$1,518,844	$8,247,655	$395,837
2023	$1,657,888	$1,269,100	$7,468,426	$388,788
2022	$1,765,772	$900,757	$6,910,573	$865,015
2021	$641,146	$600,055	$6,618,592	$41,091
2020	$1,649,514	$1,124,380	$5,844,317	$525,134
2019	$1,368,357	$1,783,583	$5,515,815	$-415,226
2018	$3,986,951	$1,459,928	$5,632,903	$2,527,023

Pacific Locomotive Association Inc Niles Canyon Railway