Wichita Falls Retirement Foundation

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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

1983

Legal Domicile

Principal Officer

Cindy Noe

Phone

9406917511

Tax Period

2025-01-01 to 2025-12-31

Wichita Falls Retirement Foundation, founded in 1983, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2025. Expenses of $9.5M left a modest 14% surplus.

Mission

Love and caring are the center of life at Rolling Meadows. Rolling Meadows was founded on the biblical belief that each person's life is a gift from God and is meant to be lived in dignity, comfort and security. Rolling Meadows seeks to provide the environment all its residents.

Program Service Accomplishments

Program 1

Expenses: $8,512,921 Revenue: $11,000,872

The Foundation owns & operates a 170 unit retirement community, personal health care center, and an assisted living memory care facility. The facility provides various services for the elderly...

The Foundation owns & operates a 170 unit retirement community, personal health care center, and an assisted living memory care facility. The facility provides various services for the elderly community.

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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 $10,550

Program Service Revenue $10,016,049

Investment Income $984,823

Other Revenue $0

TOTAL REVENUE $11,011,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,136,522

Fundraising Expenses $0

Program Expenses $8,512,921

Other Expenses $4,368,205

TOTAL EXPENSES $9,504,727

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,011,422	$11,490,037	0.0%
Expenses	$9,504,727	$10,155,956	-0.1%
Net Income	$1,506,695	$1,334,081	+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

270

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Kabell	Chairman of the Board	0.20	Officer Director	$0	$0	$0
Dr Tom Sheriff	Vice Chairman of the Board	0.10	Officer Director	$0	$0	$0
Dr Clara Latham	Secretary	0.10	Officer Director	$0	$0	$0
Gary Silverman	Member	0.10	Director	$0	$0	$0
Jeremy Woodard	Member	0.10	Director	$0	$0	$0
Jeanmarie Baer	Member	0.10	Director	$0	$0	$0
Terri Farabee RN	Member	0.10	Director	$0	$0	$0
Trish Golding	Member	0.10	Director	$0	$0	$0
Jessie Smith	Member	0.10	Director	$0	$0	$0
Jim Heiman	Member	0.10	Director	$0	$0	$0
Mark Turnbow	Member	0.10	Director	$0	$0	$0
Lynn Hoggard	Member	0.10	Director	$0	$0	$0
Cindy Noe	Executive Director	40.00	Highest	$131,869	$0	$131,869

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	$11,011,422	$9,504,727	$29,889,746	$1,506,695
2024	$11,490,037	$10,155,956	$27,788,474	$1,334,081
2023	$10,552,341	$10,173,936	$25,973,337	$378,405
2022	$10,435,420	$10,267,412	$25,020,242	$168,008
2021	$9,917,595	$9,933,006	$41,979,450	$-15,411
2020	$10,911,419	$8,934,473	$29,035,514	$1,976,946
2019	$9,993,299	$8,990,423	$27,313,968	$1,002,876
2018	$9,780,521	$8,872,401	$25,703,228	$908,120