TEXAS RETIRED TEACHERS RESIDENCE CORP

EIN: 741492082 501(c)(3) Housing & Shelter

WACO, TX

Total Revenue
$1,824,200
Total Expenses
$1,890,298
Total Assets
$3,695,249
Net Assets
$3,545,931
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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
1964
Legal Domicile
TX
Principal Officer
DON MCKINNEY
Phone
2547724644
Tax Period
2023-01-01 to 2023-12-31

TEXAS RETIRED TEACHERS RESIDENCE CORP, founded in 1964, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AN AFFORDABLE, QUALITY RETIREMENT RESIDENCE IN A SUPPORTIVE, SECURE AND ATTRACTIVE LIVING ENVIRONMENT WHICH ENABLES RESIDENTS TO ENGAGE IN INDEPENDENT ACTIVE LIFESTYLE WITH PEOPLE OF SIMILAR PROFESSIONAL BACKGROUNDS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $96,851
Program Service Revenue $1,637,075
Investment Income $55,766
Other Revenue $34,508
TOTAL REVENUE $1,824,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $974,751
Fundraising Expenses $0
Program Expenses $1,455,247
Other Expenses $915,547
TOTAL EXPENSES $1,890,298

Year-over-Year Comparison

2023 2022 Change
Revenue $1,824,200 $1,782,549 +0.0%
Expenses $1,890,298 $1,980,160 0.0%
Net Income $-66,098 $-197,611 -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

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Governance

Voting Members
10
Independent Members
10
Employees
31
Volunteers
35

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
4
$143,270
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON MCKINNEY PRESIDENT 1.00
Officer Director
$0 $0 $0
MARIANNE MONCRIEF VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN JACKSON SECRETARY 1.00
Officer Director
$0 $0 $0
LARRY DAVIS DIRECTOR 1.00
Director
$0 $0 $0
MIKE BALL DIRECTOR 1.00
Director
$0 $0 $0
ROSALIND HAYNES DIRECTOR 1.00
Director
$0 $0 $0
MARSHA MURPHY DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
DENNIS MYERS DIRECTOR 1.00
Director
$0 $0 $0
ISLA JANE TUCKER DIRECTOR 1.00
Director
$0 $0 $0
JOEL WRIGHT EXECUTIVE DIRECTOR 45.00
Officer
$136,949 $6,321 $143,270
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 No data No data No data No data
2023 $1,824,200 $1,890,298 $3,695,249 $-66,098
2022 $1,782,549 $1,980,160 $3,535,077 $-197,611
2021 $1,805,038 $1,723,095 $4,002,479 $81,943
2020 $1,961,486 $1,741,602 $3,676,892 $219,884
2019 $1,891,505 $1,807,823 $3,390,711 $83,682
2018 $1,745,124 $1,830,294 $3,036,331 $-85,170
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