When I visited the railway and talked to Brett Bane two weeks ago, I in no way got an impression that they were "on the ropes". Brett talked about the challenges next year with #19 needing a Form 4 overhaul but not in any way that I would consider gloom and doom. Reading the RR history I see that they have overcome lots of obstacles to get where they are today.
In my thank-you post I mentioned that next year would be tough and they could use some more volunteers and a good grant writer, but that part of the post was mainly written to give encouragement to any reading to assist in the work that needs to be done, including raising funds. Belt tightening may be necessary for the immediate future but the condition of the ROW and equipment, especially the new depot, shows its a long way from being "stuffed and mounted."