RETIREE RESOURCES CORPORATION

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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

2024-10-01 to 2025-09-30

RETIREE RESOURCES CORPORATION, founded in 2001, is a mid-sized nonprofit in the Public Safety sector that reported $46.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

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.

Program Service Accomplishments

Program 1

Expenses: $45,019,587 Revenue: $46,566,682

RETIREE RESOURCES CORPORATION'S (RRC) PRIMARY PURPOSE IS TO AID AND SUPPORT THE TENNESSEE VALLEY AUTHORITY (TVA) IN ITS POWER AND ENERGY MISSION AS WELL AS ITS WATERSHED MANAGEMENT, PUBLIC...

RETIREE RESOURCES CORPORATION'S (RRC) PRIMARY PURPOSE IS TO AID AND SUPPORT THE TENNESSEE VALLEY AUTHORITY (TVA) IN ITS POWER AND ENERGY MISSION AS WELL AS ITS WATERSHED MANAGEMENT, PUBLIC RECREATION, ECONOMIC AND COMMUNITY DEVELOPMENT, ENERGY EDUCATION AND CONSERVATION, AND ENVIRONMENTALLY RESPONSIBLE USE AND DEVELOPMENT OF NATURAL RESOURCES. RRC DOES THIS BY PROVIDING WELL TRAINED PERSONNEL FOR SHORT-TERM STAFF AUGMENTATION TO SUPPLEMENT TVA'S WORKFORCE REQUIREMENTS. RRC EMPLOYEES ARE MADE UP OF FORMER TVA EMPLOYEES OR TVA RETIREES. RRC PROVIDES STAFF AT A COST EFFECTIVE RATE TO TVA, THEREBY LESSENING THE BURDEN OF GOVERNMENT. IN ADDITION, RRC IS INVOLVED IN PUBLIC OUTREACH EDUCATIONAL PROGRAMS IN CONJUNCTION WITH TVA. RRC ALSO SUPPORTS OTHER RELATED TAX-EXEMPT ORGANIZATIONS THAT PURSUE ACTIVITIES SIMILAR TO THOSE ENGAGED IN BY RRC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,566,380

Investment Income $119,101

Other Revenue $302

TOTAL REVENUE $46,685,783

Expense Breakdown

Grants Paid $931,600

Salaries & Benefits $42,628,802

Fundraising Expenses $0

Program Expenses $45,019,587

Other Expenses $3,011,454

TOTAL EXPENSES $46,571,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,685,783	$49,332,828	-0.1%
Expenses	$46,571,856	$49,229,824	-0.1%
Net Income	$113,927	$103,004	+0.1%

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

513

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

$500,763

Total Directors

$25,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEWITT BURLESON	SECRETARY	4.00	Officer Director	$0	$0	$0
JOHN HOSKINS	MEMBER	4.00	Director	$0	$0	$0
JOHN LAYNE	MEMBER	8.00	Director	$0	$0	$25,997
RALPH RODGERS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KATHERINE BLACK	PRESIDENT	15.00	Officer	$0	$46,250	$252,966
DENISE SCHLOSS	CFO	15.00	Officer	$0	$48,750	$247,797
FRANK BARBER	NEW SITE CONSTRUCTION MANA	59.00	Highest	$267,743	$0	$267,743
MARK GOFF	PRODUCTION ENGINEER	76.00	Highest	$306,522	$0	$306,522
THOMAS NORTHERN	MECHINCAL ENGINEER	39.00	Highest	$233,176	$0	$233,176
DONALD BOYLES	PROJECT MANAGER	53.00	Highest	$328,540	$0	$328,540
LAWRENCE NATHAN	ADVISO	53.00	Highest	$267,036	$0	$267,036

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	$46,685,783	$46,571,856	$4,352,330	$113,927
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