RETIREE RESOURCES CORPORATION (EIN 621870279) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

KATHERINE BLACK

Phone

8656328088

Tax Period

2023-10-01 to 2024-09-30

RETIREE RESOURCES CORPORATION, founded in 2001, is a mid-sized nonprofit in the Public Safety sector that reported $49.3M in total revenue in fiscal year 2023.

Mission

PROVIDES QUALIFIED PERSONNEL FOR STAFF AUGMENTATION TO SUPPLEMENT THE TENNESSEE VALLEY AUTHORITY'S (TVA) WORKFORCE REQUIREMENTS TO ASSIST TVA IN ACHIEVING ITS MISSION. ALSO PROVIDES FINANCIAL SUPPORT TO RELATED TAX-EXEMPT ORGANIZATIONS HAVING SHARED AND/OR COMPLEMENTARY CHARITABLE PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $49,193,614

Investment Income $139,188

Other Revenue $26

TOTAL REVENUE $49,332,828

Expense Breakdown

Grants Paid $925,000

Salaries & Benefits $45,365,508

Fundraising Expenses $0

Program Expenses $47,836,298

Other Expenses $2,939,316

TOTAL EXPENSES $49,229,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,332,828	$48,316,245	+0.0%
Expenses	$49,229,824	$48,229,791	+0.0%
Net Income	$103,004	$86,454	+0.2%

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

507

Volunteers

N/A

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

$468,278

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HOSKINS	MEMBER	4.00	Director	$0	$0	$0
DEWITT BURLESON	MEMBER	4.00	Director	$0	$0	$0
JANET HERRIN RESIGNED 91224	SECRETARY	4.00	Officer Director	$0	$0	$0
RALPH RODGERS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
LESLIE BAZZOON	MEMBER	4.00	Director	$0	$0	$0
KATHERINE BLACK	PRESIDENT	15.00	Officer	$0	$45,000	$234,000
DENISE SCHLOSS	CFO	15.00	Officer	$0	$45,000	$234,278
FRANK BARBER	NEW SITE CONSTRUCTION MANAGER	60.00	Highest	$223,973	$0	$223,973
MARK GOFF	PRODUCTION ENGINEER	60.00	Highest	$265,812	$0	$265,812
VAN MILLER	MAINTENANCE SPECIALIST	60.00	Highest	$233,956	$0	$233,956
AARON WEBB	ELECTRICAL ENGINEER	60.00	Highest	$226,795	$0	$226,795
THOMAS NORTHERN	MECHINCAL ENGINEER	60.00	Highest	$220,926	$0	$220,926

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
2024	$49,332,828	$49,229,824	$4,238,958	$103,004
2023	$48,316,245	$48,229,791	$5,601,814	$86,454
2022	$47,977,024	$47,682,870	$5,525,624	$294,154
2021	$45,964,940	$45,646,223	$5,110,025	$318,717
2020	$45,089,170	$44,986,010	$4,760,863	$103,160
2019	$46,074,289	$45,970,860	$4,435,393	$103,429
2018	$44,361,615	$44,253,997	$4,529,024	$107,618

RETIREE RESOURCES CORPORATION