Kentucky Retired Teachers Association Inc
Nonprofit profile at a glance
- EIN
- 611029929
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Louisville, KY, USA
- Phone
- 5022315802
- Rating confidence
- Limited
Reported finances
- Revenue
- $841,096
- Expenses
- $675,362
- Assets
- $2,525,806
- Liabilities
- $4,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- RICK TATUM (PRESIDENT)
- CHARLOTTE BENTON (VICE PRESIDENT)
- ANN PORTER (PRESIDENT - ELECT)
- DONALD T ABRAMS (FORMER EXECUTIVE DIRECTOR)
- GREGORY ROUSH (EXECUTIVE DIRECTOR)
Highest reported compensation
- DONALD T ABRAMS (FORMER EXECUTIVE DIRECTOR): $63,400 total reported compensation
- GREGORY ROUSH (EXECUTIVE DIRECTOR): $56,608 total reported compensation
- BRENDA MEREDITH (COMMUNICATIONS/EDITOR): $19,377 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the economic, social and professional interests of retired teachers. To act on behalf of retired teachers in matters involving their needs such as legislation and community efforts. To afford opportunity for the expression and interchange of opinions on matters of special interest to all retired teachers.
What it reported doing in 2024
The association provides meetings and workshops for retired teachers. The association covers all costs for these functions for their members. During current fiscal year, monies were received as sponsorships to help defray a portion of the costs.
Operating model
- Revenue model
- Membership-supported. 71% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.7%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 3.74; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 20.6%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 18 of 18 board members independent · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $321K in reported program spending
- Leadership: top reported pay $63K · 21 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.