CRRM's 2014 Annual Report (AKA 990)

Courtesy of Guidestar: [www.guidestar.org]

This is the latest 990 filed by the Colorado Railroad Historical Foundation, DBA Colorado Railroad Museum. I have no opinion regarding the #493 matter, nor of the strategic direction that CRRM's board and management have taken to advance its mission. But I thought that some facts about its financial condition might be helpful in a debate over policy.

A quick read of its 2014 annual report reveals a financially healthy, compliant nonprofit corporation. The corporation had cash-on-hand of approximately $500,000 and long term investments of $4.2 M. It closed with a modest net income of $107,000 over operating expenses of just under $2 M. Top executive salary seemed quite modest. Overall, I'd say that the board was acting dutiful in its fiduciary responsibilities.

I'd guess that there are a number of railroad museums, or many other types of museums for that matter, that would envy the fiscal health of CRRM. A financially sound nonprofit has simply more options available to it in terms of how it advances its mission.