PACIFIC SOUTHWEST RAILWAY MUSEUM
Mission Statement
MISSION STATEMENT The Pacific Southwest Railway Museum Association, Inc. is dedicated to preserving the physical legacy, historical context, cultural landscape and experience of rail transportation. Programs address the historical, social, economic and technical impact of railroading with particular emphasis on railroads of San Diego County and the larger systems with which they connected in the United States and Mexico. PURPOSE The Museum stresses a living history approach in interpreting railroad history to the widest possible audience. PSRM’s programs are designed to increase public appreciation, education and enjoyment of the significance of the railroad heritage through: - Operation of a demonstration railroad - Establishment of a research library available to the public - Educational facilities which are maintained and operated for the instruction of the public in railroad history, railroad operations and general rail transportation technology The Museum’s collections are used to support the following mainline stories and to create a museum specialty niche in historic preservation. Specific substories connect “branchlines” and are approached within the context of one or more of the major themes. The dominant perspective will always be the history of Pacific Southwest railroading. - San Diego & Arizona Railway - Atchison, Topeka & Santa Fe Railroad - Southern Pacific - Military Railroading in the West - International/Border Railroading - Urban Electric Railroads - General Railroading and Early Era Railroading (Broad basic technology and history included primarily as background perspective when specific areas are not covered in context of other story lines)
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
99.5% | 81.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.5% | 13.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
73.4 mo | 9.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.4% | 1.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
73.8% | 77.8% |
P10P90
|
Above median |
|
Surplus margin
Surplus as a share of revenue
|
-8.2% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $707K | $765K | $4.7M | 99.5% | 0 |
| 2022 | $625K | $744K | $3.8M | 98.6% | 0 |
| 2021 | $926K | $561K | N/A | — | 0 |
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