Wichita Falls Retirement Foundation

EIN: 751875036 501(c)(3)

Wichita Falls, TX

Total Revenue
$11,011,422
Total Expenses
$9,504,727
Total Assets
$29,889,746
Net Assets
$16,696,026
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TX
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 for the fulfillment of that God-given right, and the staff works to provide the services, which are integral to satisfying senior adults. The organization is guided by christian principles. It is the organization's desire and intent to provide a place, program, type of care and philosophy that will make life pleasant, meaningful, and secure for each resident.

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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 (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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Governance

Voting Members
12
Independent Members
12
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
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
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