Saluda Depot Museum
Nonprofit profile at a glance
- EIN
- 473440546
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990-EZ 2025
- Location
- Saluda, NC, USA
- Phone
- 8287087380
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- History Museums
Reported finances
- Revenue
- $114,616
- Expenses
- $48,903
- Assets
- $323,035
- Liabilities
- $2,612
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- Mike Reeves (Chair)
- Helene Pasternak (Vice Chair)
- Bruce O Hunt Jr (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To unite citizens and visitors of Saluda to acquire and preserve the historic Saluda train depot for future generations, developing it into a heritage museum emphasizing the history and the Saluda Grade.
What it reported doing in 2025
Presented ten Saluda Train Tales events free to the public. A total of 10 events were sponsored with guest speakers who sharedcaptivating stories of railroad history.
Operating model
- Revenue model
- Donor-supported. 84% 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
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 100
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.4%; rating input score 41
- Program expense ratio: 94%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 57.3%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 6.61; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 41.4% of revenue deployed · 94% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $46K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.