Civic Intelligence

Whitewater Valley Railroad

EIN 35-1415844 • 501(c)3 • Connersville, IN

Profile

The whitewater valley railroad is a heritage railroad dedicated to the preservation and presentation of branch line railroading.

PO Box 406Connersville, IN 47331

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

34th percentile

-2.0%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

36th percentile

-1.0%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,999,978

Down $20,051 (-1.0%) from 2023

Liabilities

Up

$4,701

Up $952 (+25%) from 2023

Net Assets

Down

$1,995,277

Down $21,003 (-1.0%) from 2023

Revenue

Up

$1,037,771

Up $89,647 (+9.5%) from 2023

Expenses

Up

$1,058,774

Up $45,496 (+4.5%) from 2023

Net Income

Up

-$21,003

Up $44,151 (+68%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2020: $1,675,984Liabilities 2020: $81,156Net Assets 2020: $1,594,8282020Assets 2021: $2,075,574Liabilities 2021: $28,115Net Assets 2021: $2,047,4592021Assets 2022: $2,087,116Liabilities 2022: $5,682Net Assets 2022: $2,081,4342022Assets 2023: $2,020,029Liabilities 2023: $3,749Net Assets 2023: $2,016,2802023Assets 2024: $1,999,978Liabilities 2024: $4,701Net Assets 2024: $1,995,2772024

Highlighted filing

2024

Assets$1,999,978
Liabilities$4,701
Net Assets$1,995,277

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $486,046Expenses 2020: $578,601Net Income 2020: -$92,5552020Revenue 2021: $1,230,385Expenses 2021: $777,754Net Income 2021: $452,6312021Revenue 2022: $930,791Expenses 2022: $896,816Net Income 2022: $33,9752022Revenue 2023: $948,124Expenses 2023: $1,013,278Net Income 2023: -$65,1542023Revenue 2024: $1,037,771Expenses 2024: $1,058,774Net Income 2024: -$21,0032024

Highlighted filing

2024

Revenue$1,037,771
Expenses$1,058,774
Net Income-$21,003

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,098,240
Mission and Program Overview

Mission

The whitewater valley railroad is a heritage railroad dedicated to the preservation and presentation of branch line railroading.

HISTORICAL TRAIN RIDES

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,185,141$1,385,417▲ $200,276
Savings and Temporary Cash Investments$418,681$324,407▼ $94,274
Cash and Non-Interest-Bearing Accounts$384,308$260,220▼ $124,088
Inventories for Sale or Use$31,115$29,150▼ $1,965
Total Assets$2,020,029$1,999,978▼ $20,051
Other Assets Total$784$784→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,749$4,701▲ $952
Total Liabilities$3,749$4,701▲ $952
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,016,280$1,995,277▼ $21,003
Total Net Assets Fund Balance$2,016,280$1,995,277▼ $21,003
Total Liabilities and Net Assets / Fund Balance$2,020,029$1,999,978▼ $20,051

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$485,347$227,485-
Land$194,765--
Equipment$132,387$1,385,301-
Leasehold Improvements$572,918$1,330,903-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ryan ScottChairman
Andy SchweringPresident
John HillmanVice President
Charles CoburnDirector
Ed HerrellDirector
Rob RogersDirector
Tom MellotDirector
Tom NitzaDirector
Tom ScottDirector
Travis WellerDirector
Lindsey BrooksSecretary
John SprinkleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,668
Program Service Revenue
$987,029
Investment Income
$3,536
Other Revenue
$29,538
All Other Contributions
$14,578
Change in Net Assets
$-21,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$991,869
Salaries, Compensation, and Employee Benefits$55,919
Grants and Similar Amounts Paid$10,986
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$207,600--$207,600
Depreciation Depletion$118,515$891-$119,406
Insurance$58,513$259-$58,772
Occupancy$49,363$6,187-$55,550
Other Salaries and Wages$49,348$2,597-$51,945
Other Expenses$45,604--$45,604
Fees for Services Accounting-$27,913-$27,913
Advertising$26,804--$26,804
All Other Expenses$10,301$1,126-$11,427
Office Expenses$10,530$554-$11,084
Grants to Domestic Orgs$10,986--$10,986
Payroll Taxes$3,775$199-$3,974
Fees for Services Legal$1,160--$1,160
Total Functional Expenses$1,019,048$39,726$0$1,058,774
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fayette FoundationConnersville, IN501(c)(3)Foundation General Fund$10,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Whitewater Valley Railroad
EIN
35-1415844
Phone
7658252054
Address
PO BOX 406, CONNERSVILLE, IN 47331

Signing Officer

Name
Andy Schwering
Title
President
Phone
7658252054
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Schwering
Formed
1972
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
50

Preparer

Firm
Kemper CPA Group Llp
Address
722 GRAND AVENUE, CONNERSVILLE, IN 47331
Preparer
Benjamin C Cloyd CPA
Phone
7658254181
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt034324
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030821
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0309992
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0405969
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0598
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03314
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01077037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01009417
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0989886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01000936
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0515009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04592285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0598
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03314
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt04998254
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01094705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01043741
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01020707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01310928
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0528173
IRS990ScheduleA/Total509Grp/TotalAmt04998254
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01094741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01043778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01021305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01313554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0528190
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05001568
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0485347
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0227485
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0712832
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01385301
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01517688
IRS990ScheduleD/LandGrp/BookValueAmt0194765
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0194765
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0572918
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01330903
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01903821
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01385417
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt010586
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOUNDATION GENERAL FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FAYETTE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0311185980
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0521 N CENTRAL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CONNERSVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047331
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02020029
IRS990/TotalAssetsEOYAmt01999978
IRS990/TotalAssetsGrp/BOYAmt02020029
IRS990/TotalAssetsGrp/EOYAmt01999978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017668
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039726
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01019048
IRS990/TotalFunctionalExpensesGrp/TotalAmt01058774
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03749
IRS990/TotalLiabilitiesEOYAmt04701
IRS990/TotalLiabilitiesGrp/BOYAmt03749
IRS990/TotalLiabilitiesGrp/EOYAmt04701
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02016280
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01995277
IRS990/TotalOtherCompensationAmt00

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