Civic Intelligence

Lost Railway Museum

990 • Fiscal year 2017 • EIN 47-5410254

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileWWW.LOSTRAILWAYMUSEUM.ORG
PO Box 574Grass Lake, MI 49240

(517) 788-8660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.42x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.76x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

96th percentile

111%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-45%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,117,842

Up $588,101 (+111%) from 2016

Net Assets

Up

$650,085

Up $185,690 (+40%) from 2016

Liabilities

Up

$467,757

Up $402,411 (+616%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin95th percentile

Revenue

Down

$265,127

Down $219,511 (-45%) from 2016

Expenses

Up

$79,437

Up $58,944 (+288%) from 2016

Net Income

Down

$185,690

Down $278,455 (-60%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2015: $250Liabilities 2015: $02015Assets 2016: $529,741Liabilities 2016: $65,346Net Assets 2016: $464,3952016Assets 2017: $1,117,842Liabilities 2017: $467,757Net Assets 2017: $650,0852017Assets 2018: $1,049,527Liabilities 2018: $295,199Net Assets 2018: $754,3282018Assets 2019: $1,057,876Liabilities 2019: $261,148Net Assets 2019: $796,7282019Assets 2020: $1,066,536Liabilities 2020: $264,675Net Assets 2020: $801,8612020Assets 2021: $1,066,504Liabilities 2021: $148,344Net Assets 2021: $918,1602021Assets 2022: $1,237,813Liabilities 2022: $174,954Net Assets 2022: $1,062,8592022Assets 2023: $1,268,044Liabilities 2023: $100,845Net Assets 2023: $1,167,1992023Assets 2024: $1,261,956Liabilities 2024: $74,345Net Assets 2024: $1,187,6112024Assets 2025: $1,257,834Liabilities 2025: $29,296Net Assets 2025: $1,228,5382025

Highlighted filing

2017

Assets$1,117,842
Liabilities$467,757
Net Assets$650,085
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2015: $250Expenses 2015: $0Net Income 2015: $2502015Revenue 2016: $484,638Expenses 2016: $20,493Net Income 2016: $464,1452016Revenue 2017: $265,127Expenses 2017: $79,437Net Income 2017: $185,6902017Revenue 2018: $217,907Expenses 2018: $113,664Net Income 2018: $104,2432018Revenue 2019: $173,980Expenses 2019: $131,580Net Income 2019: $42,4002019Revenue 2020: $129,418Expenses 2020: $124,285Net Income 2020: $5,1332020Revenue 2021: $223,250Expenses 2021: $106,951Net Income 2021: $116,2992021Revenue 2022: $292,513Expenses 2022: $147,814Net Income 2022: $144,6992022Revenue 2023: $288,094Expenses 2023: $183,754Net Income 2023: $104,3402023Revenue 2024: $180,870Expenses 2024: $160,458Net Income 2024: $20,4122024Revenue 2025: $223,894Expenses 2025: $182,967Net Income 2025: $40,9272025

Highlighted filing

2017

Revenue$265,127
Expenses$79,437
Net Income$185,690
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.3
Gross Receipts
$273,458
Mission and Program Overview

Mission

Demonstrate the vital role railroads and interurban railway system played in the growth of grass lake area as well as michigan by displaying an actual electric interurban rail car and related artifacts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$125,000$1,052,562▲ $927,562
Savings and Temporary Cash Investments$5,302$35,162▲ $29,860
Cash and Non-Interest-Bearing Accounts$16,756$20,633▲ $3,877
Inventories for Sale or Use-$6,485-
Pledges and Grants Receivable$4,000$3,000▼ $1,000
Total Assets$529,741$1,117,842▲ $588,101
Other Assets Total$378,683--
Liabilities
Unsecured Notes Loans Payable-$451,686-
Accounts Payable and Accrued Expenses$65,346$16,071▼ $49,275
Total Liabilities$65,346$467,757▲ $402,411
Net Assets / Fund Balance
Unrestricted Net Assets$464,395$650,085▲ $185,690
Total Net Assets Fund Balance$464,395$650,085▲ $185,690
Total Liabilities and Net Assets / Fund Balance$529,741$1,117,842▲ $588,101

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$928,530-$928,530
Land$75,000-$75,000
Other Land Buildings$-10,240$10,240-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Phil S WillisChairman
James StormontVice Chairma
Daniel MachnikDirector
Dennis C ReganDirector
Thomas a GraceDirector
Steve MakulskiSecretay
Revenue and Support

Revenue Composition

Contributions and Grants
$249,649
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$15,478
All Other Contributions
$245,649
Change in Net Assets
$185,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,437
Total Fundraising Expense$924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$3,214$20,358-$23,572
Advertising$13,053--$13,053
Depreciation Depletion$9,216$1,024-$10,240
Interest$7,893$877-$8,770
Insurance$3,540$393-$3,933
Office Expenses$2,385$511$511$3,407
Information Technology$1,929$413$413$2,755
All Other Expenses$335$283-$618
Other Expenses$1,044$490-$490
Total Functional Expenses$52,918$25,595$924$79,437
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,856
Fundraising Direct Expenses$6,104
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
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Additional information provided the return was emailed to all board members before filing and two officers reviewed in detail.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Each officer signed an independance report.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Form 990, Part VII

“All officers voluntered their services and no compensation was paid to any.”

Filing and Contact Details

Filer

Filer Name
Lost Railway Museum
EIN
47-5410254
Phone
5177888660
Address
PO BOX 574, GRASS LAKE, MI 49240

Signing Officer

Name
Phil S Willis
Title
Chairman
Phone
5177888660
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil S Willis
Formed
2015
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Willis & Jurasek Pc Cpas
Address
4100 SPRING ARBOR ROAD, JACKSON, MI 49201-9306
Preparer
Phil S Willis CPA
Phone
5177888660
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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/TotalRevenueGrp/TotalRevenueColumnAmt0265127
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01117842
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL S WILLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05177888660
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOST RAILWAY MUSEUM
ReturnHeader/Filer/BusinessNameControlTxt0LOST
ReturnHeader/Filer/EIN0475410254
ReturnHeader/Filer/PhoneNum05177888660
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.80.216.153
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:02:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381964450
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIS & JURASEK PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04100 SPRING ARBOR ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0492019306
ReturnHeader/PreparerPersonGrp/PhoneNum05177888660
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHIL S WILLIS CPA
ReturnHeader/ReturnTs02018-05-14T11:02:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,117,842
Liabilities
$467,757
Net assets
$650,085
Revenue
$265,127
Expenses
$79,437
Net income
$185,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.23$0.22$0.18$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.19$0.18$0.16$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.10$1.17$0.29$0.18$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.17$1.06$0.29$0.15$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.07$0.15$0.92$0.22$0.11$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.26$0.80$0.13$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.26$0.80$0.17$0.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.30$0.75$0.22$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.47$0.65$0.27$0.08$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.07$0.46$0.48$0.02$0.46
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00