TEXAS RETIRED TEACHERS RESIDENCE C… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,455,247 Revenue: $1,671,583

RETIREMENT HOME SERVICES - STILWELL RETIREMENT CENTER PROVIDES AFFORDABLE, QUALITY RETIREMENT RESIDENCE THAT IS SUPPORTIVE, SECURE, AND OFFERS AN ATTRACTIVE LIVING ENVIRONMENT WHICH ENABLES RESIDENTS TO ENGAGE IN AN INDEPENDENT, ACTIVE LIFESTYLE WITH PEOPLE OF SIMILAR PROFESSIONAL BACKGROUNDS. FIRST PRIORITY IS GIVEN TO RETIRED EDUCATORS, BUT AS SPACE PERMITS, RETIREES FROM OTHER PROFESSIONS ARE WELCOMED AS WELL. STILWELL PROMOTES A STRONG SENSE OF COMMUNITY, HISTORY, AND PURPOSE THROUGH A DIVERSITY OF ACTIVITIES FOR ITS RESIDENTS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$143,270

Total Directors

Key Employees

Highest Compensated

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

TEXAS RETIRED TEACHERS RESIDENCE CORP