Rail Security Alliance: Nonprofit Profile, Financials & Form 990 (EIN 81-1250980)

Rail Security Alliance Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Rail Security Alliance is a nonprofit organization based in Washington, DC, formed in 2016.

Founded: 2016
Type: Unknown exempt organization · Nonprofit
Location: Washington, DC
Filings: 5 on file (2020–2024)

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Provided by the organization

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Where the money goes · FY2024

Where spending went · Part IX cols B–D

66%

34%

Program services $0.66 Management & general $0.34

Surplus margin

+9%

revenue over expenses, this year▲ +310% vs prior filing year

Program spending

66%

of expenses reach programs▼ -2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990

Total assets

$269K

FY2024▲ +49%

Total liabilities

$110K

FY20240%

Revenue less expensesPt I · Ln 19$89K

Total assetsPt X · Ln 16$269K

Program-expense ratioPt IX · col B66%

Voting members of governing bodyPt I · Ln 36

Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File

Legal name (IRS)Hdr · item CRail Security Alliance

EINHdr · item D81-1250980

Principal addressHdr · item CWashington, DC

WebsiteHdr · item Jnone reported

Year of formationHdr · item L2016

State of legal domicileHdr · item MDC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFpending

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a6

Independent voting membersPt VI · Ln 1b6

Conflict-of-interest policyPt VI · Ln 12aNo

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Jack Isselmann

Chair

$0Pt VII · Sec A

Joshua Tharrington

Secretary/Treasurer

$0Pt VII · Sec A

Michael Carter

Board Member

$0Pt VII · Sec A

Gina Trombley

Board Member

$0Pt VII · Sec A

Jason Tillmanns

Board Member

$0Pt VII · Sec A

Jack Todd

Board Member

$0Pt VII · Sec A

Erik Olson

Executive Director (see Sch. O)

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $587K of program spending, described in the organization's own filed words · FY2024.

The rail security alliance undertook efforts to inform the U.S. Congress and trump administration regarding chinese state-owned enterprises entering the freight rail market in north america and requested congress consider one piece of legislation.

$587Kprogram expense

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Statement of Revenue

Part VIII

Program service revenue100%$979K

Total revenueLn 12$979K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

66%

34%

Program services $0.66 Management & general $0.34

Program services66%$587K

Management & general34%$304K

Total functional expensesLn 25$890K

Balance Sheet

Part X · end of year

CashLn 1$121K

Total assetsLn 16$269K

Total liabilitiesLn 26$110K

Total net assetsLn 32$159K

Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $121K · Operating expenses/yr $890K

1.6 months

Where the money goes

Program services

Program services $587K · Total expenses $890K

66%

Management & General

Management & general $304K · Total expenses $890K

34%

Fundraising

Fundraising $0 · Total expenses $890K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $0 · Total revenue $979K

Government reliance

Government grants — · Total revenue $979K

—

Earned-income share

Program service revenue $979K · Total revenue $979K

100%

Investment reliance

Investment income $0 · Total revenue $979K

Program self-sufficiency

Program service revenue $979K · Total expenses $890K

110%

Growth & trend

Revenue growth (YoY)

This year $979K · Prior year $875K

+12%

Revenue CAGR

FY2019 $1.0M · FY2024 $979K

-0.9%

Net-asset trend (YoY)

End of year $159K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $979K · Expenses $890K

+9%

Liabilities-to-Assets

Total liabilities — · Total assets $269K

—

Net-asset ratio

Net assets $159K · Total assets $269K

59%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $269K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Jack Isselmann · Reported title CHAIR · Highest reported compensation $0 · Total expenses $890K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $890K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	66%	—	—
Overhead ratio	34%	—	—
Revenue growth	12%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024$875K revenue · ⤓ 990 PDF

FY2023$905K revenue · ⤓ 990 PDF

FY2022$935K revenue · ⤓ 990 PDF

FY2021$965K revenue · ⤓ 990 PDF

FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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