Civic Intelligence

Railway Engineering - Maintenance

EIN 36-2269390 • 501(c)6 • Washington, DC

Profile

To promote the welfare of transporation industries through educational activities.

80 M STREET SE Suite 100Washington, DC 20003

www.remsa.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.16x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.82x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-13%

Higher net margin than 10% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

48th percentile

4.6%

Faster asset growth than 48% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-51%

Faster revenue growth than 2% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,928,416

Up $1,945,419 (+49%) from 2022

Liabilities

Up

$945,537

Up $620,967 (+191%) from 2022

Net Assets

Up

$4,982,879

Up $1,324,452 (+36%) from 2022

Revenue

Up

$1,159,654

Up $832,881 (+255%) from 2022

Expenses

Up

$1,307,113

Up $619,927 (+90%) from 2022

Net Income

Up

-$147,459

Up $212,954 (+59%) from 2022

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,270,026Liabilities 2010: $379,964Net Assets 2010: $1,890,0622010Assets 2011: $2,399,819Liabilities 2011: $157,052Net Assets 2011: $2,242,7672011Assets 2012: $2,512,532Liabilities 2012: $383,992Net Assets 2012: $2,128,5402012Assets 2013: $3,128,985Liabilities 2013: $105,993Net Assets 2013: $3,022,9922013Assets 2014: $3,224,645Liabilities 2014: $317,399Net Assets 2014: $2,907,2462014Assets 2015: $3,522,792Liabilities 2015: $131,775Net Assets 2015: $3,391,0172015Assets 2016: $3,471,264Liabilities 2016: $126,219Net Assets 2016: $3,345,0452016Assets 2017: $4,622,347Liabilities 2017: $91,808Net Assets 2017: $4,530,5392017Assets 2018: $3,915,880Liabilities 2018: $107,380Net Assets 2018: $3,808,5002018Assets 2019: $5,062,799Liabilities 2019: $73,865Net Assets 2019: $4,988,9342019Assets 2020: $5,182,273Liabilities 2020: $329,159Net Assets 2020: $4,853,1142020Assets 2021: $4,973,376Liabilities 2021: $162,241Net Assets 2021: $4,811,1352021Assets 2022: $3,982,997Liabilities 2022: $324,570Net Assets 2022: $3,658,4272022Assets 2024: $5,928,416Liabilities 2024: $945,537Net Assets 2024: $4,982,8792024

Highlighted filing

2024

Assets$5,928,416
Liabilities$945,537
Net Assets$4,982,879

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $510,3302010Expenses 2011: $1,237,6652011Expenses 2012: $568,9352012Revenue 2013: $1,928,989Expenses 2013: $1,034,537Net Income 2013: $894,4522013Revenue 2014: $737,527Expenses 2014: $853,273Net Income 2014: -$115,7462014Revenue 2015: $2,021,972Expenses 2015: $1,403,880Net Income 2015: $618,0922015Revenue 2016: $621,957Expenses 2016: $814,864Net Income 2016: -$192,9072016Revenue 2017: $2,106,348Expenses 2017: $1,300,825Net Income 2017: $805,5232017Revenue 2018: $655,953Expenses 2018: $914,675Net Income 2018: -$258,7222018Revenue 2019: $2,226,122Expenses 2019: $1,625,277Net Income 2019: $600,8452019Revenue 2020: $357,477Expenses 2020: $779,118Net Income 2020: -$421,6412020Revenue 2021: $634,420Expenses 2021: $753,061Net Income 2021: -$118,6412021Revenue 2022: $326,773Expenses 2022: $687,186Net Income 2022: -$360,4132022Revenue 2024: $1,159,654Expenses 2024: $1,307,113Net Income 2024: -$147,4592024

Highlighted filing

2024

Revenue$1,159,654
Expenses$1,307,113
Net Income-$147,459

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$0.95$4.98$1.16$1.31$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.32$3.66$0.33$0.69$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$0.16$4.81$0.63$0.75$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$0.33$4.85$0.36$0.78$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$0.07$4.99$2.23$1.63$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.11$3.81$0.66$0.91$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.62$0.09$4.53$2.11$1.30$0.81
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.13$3.35$0.62$0.81$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.52$0.13$3.39$2.02$1.40$0.62
2014Detailed filing. Detailed filing data is available for this year.$3.22$0.32$2.91$0.74$0.85$0.12
2013Detailed filing. Detailed filing data is available for this year.$3.13$0.11$3.02$1.93$1.03$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.38$2.13$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.16$2.24$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.38$1.89$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,391,924
Mission and Program Overview

Mission

To promote the welfare of transporation industries through educational activities.

To facilitate relationships, create business and professional development opportunities, provide forums for our members to share products, technology, and innovation, and to support the advancement of the railroad industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,167,834$4,511,127▲ $343,293
Cash and Non-Interest-Bearing Accounts$1,274,318$882,360▼ $391,958
Savings and Temporary Cash Investments$56,357$471,382▲ $415,025
Accounts Receivable$70,982$0▼ $70,982
Prepaid Expenses and Deferred Charges$98,706$63,547▼ $35,159
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,668,197$5,928,416▲ $260,219
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$124,437$551,970▲ $427,533
Other Liabilities$297,853$353,850▲ $55,997
Accounts Payable and Accrued Expenses$205,436$39,717▼ $165,719
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$627,726$945,537▲ $317,811
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,040,471$4,982,879▼ $57,592
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$5,040,471$4,982,879▼ $57,592
Total Liabilities and Net Assets / Fund Balance$5,668,197$5,928,416▲ $260,219
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg SpilkerChairman
Jay GowanPast Chairman
Urszula SouciePresident
Nate BachmanVice Chairman
Barrett ChristiansenDirector
Eric CarterDirector
Maggie KukovichDirector
Mark BoyleDirector
Mike PierDirector
Rob LoomisDirector
Rob RosencransDirector
Troy ElbertDirector
Zach HansenDirector
Greg LippardSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TGA Association Management SolutionManagement Services200 MASSACHUSETTS AVE NW 7TH FLOOR, Washington, DC 20001$584,008
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$858,203
Investment Income
$294,986
Other Revenue
$6,465
Change in Net Assets
$-147,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,265,699
Grants and Similar Amounts Paid$41,414
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$539,487
Travel---$301,583
Conferences and Meetings---$175,666
Information Technology---$50,264
Fees for Services Lobbying---$48,455
Occupancy---$46,805
Advertising---$32,993
Fees for Service Investment Mgmnt Fees---$26,535
Grants to Domestic Orgs---$21,414
Grants to Domestic Individuals---$20,000
Fees for Services Accounting---$12,750
Insurance---$2,997
Office Expenses---$2,866
All Other Expenses---$639
Other Expenses---$275
Total Functional Expenses$0$0$0$1,307,113
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
GorailWashington, DC501(c)(4)Contribution$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$48,455
Total Nondeductible Lobbying and Political Cost$48,455
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Urszula SouciePresidentCompensation as PresidentNo$222,904

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiduciary Liability - Nrc$353,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section B, Q12

POLICIES: Each Director, principal officer, and/or member of the Finance Committee shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands REMSA is a 501(c)(6) organization in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Line 3

Description of delegated duties to management company: the management company provides all staff including the president, and is primarily responsible for the following: 1. Dues collection and bookkeeping; 2. Membership recruitment and retention; 3. Develop meaningful agendas for quarterly board meetings; 4. Written and oral communications with members, including mainline newsletter; 5. Participate as appropriate in industry and related association meetings; 6. Participate as appropriate in industry-wide governmental affairs efforts; 7. Find ways to highlight the organization member companies in the industry and trade press; 8. Manage the association's website; 9. Manage relationship with investment advisor and report to board as necessary; 10. Oversee scholarship program; 11. Oversee trade show contractor 12. Manage all trade show activities.

Form 990, Part VI, Line 6

Explanation of classes of members or shareholders: the association represents companies and individuals who manufacture or sell maintenance-of-way equipment, products, and services, or are engineers, contractors and consultants working in construction and/or maintenance of railroad transportation facilities.

Form 990, Part VI, Line 7A

Any group of twenty-five (25) or more active members in good standing may nominate and bring in a slate of one or more candidates for director who are eligible to be elected at the annual meeting, provided that such nominations are in writing, duly signed and filed with the secretary/treasurer at least fifteen (15) days prior to the annual meeting. Candidates for officers must be chosen from the board of directors. The secretary/treasurer will present the list of nominees for directors at the annual meeting and election.

Form 990, Part VI, Line 11B

Form 990 review process: management initially reviews the form 990, then it is forwarded to the board chairman or treasurer for approval.

Form 990, Part VI, Line 19

Other organization documents publicly available: governing documents are made available upon receipt of reasonable request.

Filing and Contact Details

Filer

Filer Name
Railway Engineering-maintenance Suppliers
EIN
36-2269390
In Care Of
% ORGANIZATION
Phone
2028446026
Address
80 M STREET SE Suite 100, WASHINGTON, DC 20003

Signing Officer

Name
Urszula Soucie
Title
President
Phone
2028446145
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Urszula Soucie
Formed
1965
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Sarfino and Rhoades Llp
Address
11921 ROCKVILLE PIKE SUITE 501, NORTH BETHESDA, MD 20852-2794
Preparer
Brian W Dow CPA
Phone
3017705500
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

The Organization collects exhibitor fees for the NRC-REMSA CONFERENCE. After the conference, the partner organizations determine the net income from the conference. REMSA retains 20% of the net income from the conference and the rest of the money collected is remitted to the partner organization (NRC).

Raw XML AppendixShowing 400 of 520 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm9Maggie Kukovich
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IRS990/Form990PartVIISectionAGrp/PersonNm11MARK BOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm12BARRETT CHRISTIANSEN
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FIDUCIARY LIABILITY - NRC

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