Nonprofit · EIN 45-1437560
TERRAFIRMA RISK RETENTION GROUP LLC
Also known as TERRAFIRMA
Tax-exempt · WILLISTON, VT 05495
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,144,917 | $2,534,177 | $610,740 | $16,518,197 | $5,111,527 | $11,406,670 |
| December 31, 2024 | 990 | $3,012,382 | $1,025,688 | $1,986,694 | $14,693,724 | $4,418,346 | $10,275,378 |
| December 31, 2023 | 990 | $2,410,616 | $2,304,651 | $105,965 | $13,526,035 | $5,448,044 | $8,077,991 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,200
- Program service revenue
- $2,286,864
- Investment income
- $856,853
- Net gain from sales of assets
- $405,547
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,484
- Accounting fees
- $30,015
- Program services (functional)
- $1,709,122
- Management and general (functional)
- $825,055
Balance sheet and other
- Total assets, start of year
- $14,693,724
- Total assets, end of year
- $16,518,197
- Total liabilities, end of year
- $5,111,527
- Net assets, end of year
- $11,406,670
- Publicly traded securities
- $13,866,767
- Gross receipts
- $6,711,256
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2011
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLIVER BASS | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| DEBORAH GOARD | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| SHELLEY HARMS | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ELLEN KAZARY | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| KRISTI MERGENTHALER | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ROBERT BOB OWEN | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| EMILY PARISH | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| KATIE SATTELMEIER | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| MARCY WATERFALL | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ASHLEY DMOSTHENES | PRESIDENT - ARMS Officer | 5 | $0 |
| JENNIFER HERZOG | VICE PRESIDENT - ARMS Officer | 1 | $0 |
| LESLIE RATLEY-BEACH | VICE PRESIDENT - ARMS Officer | 20 | $0 |
| RENEE KIVIKKO | VICE PRESIDENT/TREASURER - ARMS Officer | 5 | $0 |
| CHASE WARDEN | TREASURER - ARMS (TO FEB '25) Officer | 1 | $0 |
| THOMAS KESTER | SECRETARY - ARMS Officer | 38 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM SANDY HAUSERMAN | MEMBERS COMMITTEE (TO MAY '24) Trustee or director | 1 | $0 |
| DEBORAH GOARD | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| SHELLEY HARMS | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ELLEN KAZARY | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| KRISTI MERGENTHALER | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ROBERT BOB OWEN | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| EMILY PARISH | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| JAMES E ROGERS | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| JEFF SWINEHART | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| MARCY WATERFALL | MEMBERS COMMITTEE (FROM MAY '24) Trustee or director | 1 | $0 |
| ANDREW BOWMAN | PRESIDENT - ARMS (TO JUL '24) Officer | 5 | $0 |
| JENNIFER HERZOG | ACTING PRESIDENT - ARMS (FROM JUL '24) Officer | 5 | $0 |
| RENEE KIVIKKO | VICE PRESIDENT - ARMS Officer | 5 | $0 |
| LESLIE RATLEY-BEACH | VICE PRESIDENT - ARMS Officer | 20 | $0 |
| CHASE WARDEN | TREASURER - ARMS Officer | 10 | $0 |
| THOMAS KESTER | SECRETARY - ARMS Officer | 5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDAN ANNETT | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| JANE ARBUCKLE | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| WILLIAM SANDY HAUSERMAN | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ELLEN KAZARY | MEMBERS COMMITTEE (FROM SEP '23) Trustee or director | 1 | $0 |
| MEGHANN MCKENNA | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ROBERT NEALE | MEMBERS COMMITTEE (TO SEP '23) Trustee or director | 1 | $0 |
| ROBERT BOB OWEN | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| EMILY PARISH | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| JAMES E ROGERS | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| JEFF SWINEHART | MEMBERS COMMITTEE Trustee or director | 1 | $0 |
| ANDREW BOWMAN | PRESIDENT - ARMS Officer | 5 | $0 |
| RENEE KIVIKKO | VICE PRESIDENT - ARMS Officer | 5 | $0 |
| LESLIE RATLEY-BEACH | VICE PRESIDENT - ARMS Officer | 20 | $0 |
| CHASE WARDEN | TREASURER - ARMS Officer | 10 | $0 |
| THOMAS KESTER | SECRETARY - ARMS Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1330, WILLISTON, VT 05495-1330
- In care of
- % LESLIE RATLEY-BEACH
- Principal officer (990 for 2025)
- THOMAS KESTER, PO BOX 1330, WILLISTON, VT 05495
- Signed the 990
- THOMAS KESTER, OPS MANAGER & SECRETARY - ARMS
- Phone
- (802) 864-5599
- Website
- WWW.TERRAFIRMA.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
THE PRIMARY EXEMPT PURPOSE OF TERRAFIRMA IS TO OPERATE AS A QUALIFIEDCHARITABLE RISK POOL PURSUANT TO I.R.C. SECTION 501(N).
Program accomplishments
- THE PRIMARY PURPOSE OF TERRAFIRMA IS TO OPERATE AS A QUALIFIED CHARITABLE RISK POOL PURSUANT TO I.R.C. SECTION 501(N), ORGANIZED AND OPERATED TO POOL AND INSURE THE INSURANCE RISKS OF ITS MEMBERS AND TO PROVIDE INFORMATION TO ITS MEMBERS WITH RESPECT TO LOSS CONTROL AND RISK MANAGEMENT. EACH MEMBER OF SUCH POOL SHALL AT ALL TIMES BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND EXEMPT FROM INCOME TAX UNDER SECTION 501(A). FUNDAMENTALY, TERRAFIRMA IS DESIGNED TO PROVIDE A SAFETY NET FOR A CHARITABLE LAND TRUST FROM CATASTROPHIC LEGAL EXPENSES AND PROVIDE THE CONFIDENCE AND CAPABILITY TO UPHOLD OUR CONSERVATION OBLIGATIONS FOREVER. HOWEVER, TERRAFIRMA WILL ALSO OFFER LOSS PREVENTION AND RISK MANAGEMENT SERVICES TO ITS MEMBERS THROUGH ALLIANCE RISK MANAGEMENT SERVICES, LLC (ARMS), A WHOLLY OWNED SUBSIDIARY OF THE LAND TRUST ALLIANCE, INC. AND THE MANAGER OF TERRAFIRMA WILL ALSO PROVIDE FREE CLAIMS ASSISTANCE TO LAND TRUSTS AND EARLY ADVICE TO ASSIST DISPUTE RESOLUTION AND AVOID UNNECESSARY LITIGATION.Expenses $1,709,122 · revenue $2,286,864
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-1437560
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $16,518,197
- Income (IRS master file)
- $6,711,256
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,144,917 | $2,534,177 | $16,518,197 | XML |
| 990 | December 2024 | $3,012,382 | $1,025,688 | $14,693,724 | XML |
| 990 | December 2023 | $2,410,616 | $2,304,651 | $13,526,035 | XML |
| 990 | December 2022 | $2,038,896 | $1,709,577 | $11,690,308 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-1437560).
Questions about TERRAFIRMA RISK RETENTION GROUP LLC
- What is the EIN of TERRAFIRMA RISK RETENTION GROUP LLC?
- The employer identification number (EIN) of TERRAFIRMA RISK RETENTION GROUP LLC is 45-1437560.
- Is TERRAFIRMA RISK RETENTION GROUP LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to TERRAFIRMA RISK RETENTION GROUP LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERRAFIRMA RISK RETENTION GROUP LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TERRAFIRMA RISK RETENTION GROUP LLC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TERRAFIRMA RISK RETENTION GROUP LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TERRAFIRMA RISK RETENTION GROUP LLC?
- The 990 for the year ended December 31, 2025 names THOMAS KESTER.
- Who are the officers and directors of TERRAFIRMA RISK RETENTION GROUP LLC?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does TERRAFIRMA RISK RETENTION GROUP LLC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,144,917, expenses of $2,534,177 and total assets of $16,518,197 at year end.
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