Flying Yankee Restoration Group Inc

Nonprofit profile at a glance

EIN
020493099
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2019, Form 990-N 2023
Location
Nashua, NH, USA
Phone
3392236137
Rating
69
Verdict
SUPPORTED
Rating confidence
Standard
Sector
History Museums

Reported finances

Revenue
$332,408
Expenses
$37,480
Assets
$1,131,043
Liabilities
$6

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • Alden Burns (Director)
  • Tomas Rymes (Director)
  • Thomas Robichaud (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: To protect the Flying Yankee Train as an important piece of New Englands railroad history. To restore the Flying Yankee to an operational condition with as much of the original configuration intact as feasible. To make the Flying Yankee accessible to the public through display and operation in a way that does not compromise preservation or public safety.

What it reported doing in 2025

Our organization focuses on the restoration of historical trains which involves a range of activities to preserve these iconic pieces of transportation history. One key aspect of our restoration work is the meticulous attention given to traction motor repairs ensuring that the trains can operate safely and efficiently. Additionally our team conducts detailed assessments of Winton engines a critical component of many historic train models to evaluate their condition and performance enabling us to make informed decisions on necessary repairs or replacements. Through these efforts we uphold our commitment to maintaining the authenticity and functionality of these vintage trains for future generations to appreciate and enjoy.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.8%; rating input score 13
  • Program expense ratio: 58.9%; rating input score 59
  • Fundraising efficiency: $54.69 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 88.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 30.18; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 39.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 37.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 39.4% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 12.8% of revenue deployed · 58.9% of spending went to programs
  • Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.