TERRAFIRMA RISK RETENTION GROUP LLC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

THOMAS KESTER

Phone

8028645599

Tax Period

2025-01-01 to 2025-12-31

TERRAFIRMA RISK RETENTION GROUP LLC, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2025. The organization ran a surplus of $611K, a strong 19% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF TERRAFIRMA IS TO OPERATE AS A QUALIFIEDCHARITABLE RISK POOL PURSUANT TO I.R.C. SECTION 501(N).

Program Service Accomplishments

Program 1

Expenses: $1,709,122 Revenue: $2,286,864

THE PRIMARY PURPOSE OF TERRAFIRMA IS TO OPERATE AS A QUALIFIED CHARITABLE RISK POOL PURSUANT TO I.R.C. SECTION 501(N), ORGANIZED AND OPERATED TO POOL AND INSURE THE INSURANCE RISKS OF ITS MEMBERS AND TO PROVIDE INFORMATION TO ITS MEMBERS WITH RESPECT TO LOSS CONTROL AND RISK MANAGEMENT. EACH MEMBER OF SUCH POOL SHALL AT ALL TIMES BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND EXEMPT FROM INCOME TAX UNDER SECTION 501(A). FUNDAMENTALY, TERRAFIRMA IS DESIGNED TO PROVIDE A SAFETY NET FOR A CHARITABLE LAND TRUST FROM CATASTROPHIC LEGAL EXPENSES AND PROVIDE THE CONFIDENCE AND CAPABILITY TO UPHOLD OUR CONSERVATION OBLIGATIONS FOREVER. HOWEVER, TERRAFIRMA WILL ALSO OFFER LOSS PREVENTION AND RISK MANAGEMENT SERVICES TO ITS MEMBERS THROUGH ALLIANCE RISK MANAGEMENT SERVICES, LLC (ARMS), A WHOLLY OWNED SUBSIDIARY OF THE LAND TRUST ALLIANCE, INC. AND THE MANAGER OF TERRAFIRMA WILL ALSO PROVIDE FREE CLAIMS ASSISTANCE TO LAND TRUSTS AND EARLY ADVICE TO ASSIST DISPUTE RESOLUTION AND AVOID UNNECESSARY LITIGATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,200

Program Service Revenue $2,286,864

Investment Income $856,853

Other Revenue $0

TOTAL REVENUE $3,144,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,709,122

Other Expenses $2,534,177

TOTAL EXPENSES $2,534,177

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,144,917	$3,012,382	+0.0%
Expenses	$2,534,177	$1,025,688	+1.5%
Net Income	$610,740	$1,986,694	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVER BASS	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
DEBORAH GOARD	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
SHELLEY HARMS	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
ELLEN KAZARY	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
KRISTI MERGENTHALER	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
ROBERT BOB OWEN	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
EMILY PARISH	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
KATIE SATTELMEIER	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
MARCY WATERFALL	MEMBERS COMMITTEE	1.00	Director	$0	$0	$0
ASHLEY DMOSTHENES	PRESIDENT - ARMS	5.00	Officer	$0	$0	$0
JENNIFER HERZOG	VICE PRESIDENT - ARMS	1.00	Officer	$0	$0	$0
LESLIE RATLEY-BEACH	VICE PRESIDENT - ARMS	20.00	Officer	$0	$0	$0
RENEE KIVIKKO	VICE PRESIDENT/TREASURER - ARMS	5.00	Officer	$0	$0	$0
CHASE WARDEN	TREASURER - ARMS (TO FEB '25)	1.00	Officer	$0	$0	$0
THOMAS KESTER	SECRETARY - ARMS	38.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,144,917	$2,534,177	$16,518,197	$610,740
2024	$3,012,382	$1,025,688	$14,693,724	$1,986,694
2023	$2,410,616	$2,304,651	$13,526,035	$105,965
2022	$2,038,896	$1,709,577	$11,690,308	$329,319
2021	$2,731,132	$1,719,864	$11,938,179	$1,011,268
2020	$2,216,740	$1,057,902	$10,094,158	$1,158,838
2019	$2,193,132	$1,306,546	$8,864,692	$886,586
2018	$1,678,951	$1,465,973	$7,539,994	$212,978