2025-05-09T13:10:14-05:00 2024-06-30 135565207 KPMG LLP 200 E RANDOLPH STREET SUITE 5500 CHICAGO IL 60601 990 2023-07-01 311228202 TRANSPORTATION RESEARCH CENTER INC TRAN 9376662011 10820 STATE ROUTE 347 PO BOX B-6 EAST LIBERTY OH 433190367 BRETT ROUBINEK PRESIDENT & CEO 9376662011 2025-05-06 1 1 ZELJKO POPOVIC P01795951 3126651000 2025-05-07 2023 2025-03-06 01:10:19Z MR BRETT ROUBINEK 10820 STATE ROUTE 347 PO BOX B-67 EAST LIBERTY OH 433190367 69314091 0 X WWW.TRCPG.COM X 1988 OH AS A GLOBAL INDEPENDENT PROVIDER OF DEVELOPMENT, RESEARCH AND TESTING, TRANSPORTATION RESEARCH CENTER INC. SERVES THE MOBILITY INDUSTRY WITH A WORLD-CLASS FACILITY, HIGH QUALITY SERVICES AND INNOVATIVE SOLUTIONS THROUGH COLLABORATION AND PARTNERSHIPS WITH ACADEMIA, INDUSTRY, AND GOVERNMENT. 8 4 581 0 3173072 0 860197 0 64853839 68354364 1022186 959727 0 0 66736222 69314091 0 0 0 0 37544856 39076552 0 0 0 27384424 31633481 64929280 70710033 1806942 -1395942 85865313 82052272 49102592 46382912 36762721 35669360 X TO HELP OUR CLIENTS SOLVE PROBLEMS AND ADDRESS CRITICAL CHALLENGES TO SAFELY, EFFECTIVELY, AND EFFICIENTLY MOVE GOODS AND PEOPLE THROUGHOUT THE WORLD BY APPLYING THE MOST ADVANCED, LEADING-EDGE EXPERTISE, BY A TEAM OF PASSIONATE AND DEDICATED PROFESSIONALS NOT FOUND ANYWHERE ELSE. 0 0 69272020 68354364 TRANSPORTATION RESEARCH CENTER INC. MANAGED THE OPERATIONS OF THE TRANSPORTATION RESEARCH CENTER FACILITY AND CONDUCTS RESEARCH SERVICES REGARDING THE DESIGN OF AUTOMOTIVE VEHICLE TESTING PROCEDURES AND EQUIPMENT FOR BOTH GOVERNMENT SAFETY TESTING AGENCIES AND PRIVATE SPONSORS. 69272020 1 0 0 1 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 36 0 1 581 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X BRETT ROUBINEK 9376662011 10820 STATE ROUTE 347 PO BOX B-67 EAST LIBERTY OH 433190367 X MS AYANNA HOWARD CHAIRMAN 1.00 40.00 X X 0 441700 62817 MR BRETT ROUBINEK PRESIDENT/CEO 40.00 0.00 X X 0 533505 67535 MR MICHAEL PAPADAKIS EX-OFFICIO 1.00 40.00 X 0 920252 133557 DR PETER MOHLER EX-OFFICIO 1.00 40.00 X 0 891846 108654 MS JOANNA PINKERTON VICE CHAIR 1.00 0.00 X X 0 0 0 MR KENNY MCDONALD PUBLIC DIRECTOR 1.00 0.00 X 0 0 0 MS STEPHANIE VILLEGAS PUBLIC DIRECTOR 1.00 0.00 X 0 0 0 MR MARK KVAMME PUBLIC DIRECTOR 1.00 0.00 X 0 0 0 MR RONALD BURTON CHIEF OPERATING OFFICER 40.00 0.00 X 249715 0 33989 MS ALLISON KENDER CHIEF PEOPLE OFFICER/SECRETARY 40.00 0.00 X 224341 0 31678 MR ARIC ZIMMERMAN DIRECTOR FINANCE & TREASURY 40.00 0.00 X 178721 0 36891 MR ANDREW MATHERS DIRECTOR, PROVING GROUND OPERATIONS 40.00 0.00 X 221751 0 31569 MR JEFFREY ROCKWELL DIRECTOR, INFORMATION SYSTEMS 40.00 0.00 X 153505 0 17977 MR ANMOL SIDHU SENIOR R&D ENGINEER 2 40.00 0.00 X 174748 0 37025 MS TAYLOR MANAHAN EXECUTIVE DIRECTOR SERVICES 40.00 0.00 X 148613 0 15695 MR SUGHOSH RAO RESEARCH SCIENTIST 2 40.00 0.00 X 141558 0 35969 1492952 2787303 613356 36 0 1 0 THE SHELLY COMPANY PO BOX 781941 DETROIT MI 48278 CONSTRUCTION 3696134 THE OHIO STATE UNIVERSITY 201 W 19TH AVE COLUMBUS OH 43201 SALARY, BENEFITS, FACILITIES AND ADMIN 2633910 RELIANCE TRUST CO 1100 ABERNATHY RD NE 400 ATLANTA GA 30328 FINANCIAL SERVICES 2054000 AB DYNAMICS INC 48325 ALPHA DR STE120 WIXOM MI 48393 PURCHASES FOR PROJECTS 1264540 DUBLIN BUILDING SYSTEMS 5600 BLAZER PKWY SUITE 110 DUBLIN OH 43017 CONSTRUCTION 1244941 44 TRANSPORTATION TESTING 541380 65181292 65181292 ENGINEERING, PERSONAL 541380 3173072 3173072 68354364 959727 959727 69314091 65181292 3173072 959727 779298 701368 77930 28451754 28316204 135550 753883 753162 721 6788402 6766123 22279 2303215 2293398 9817 216834 216834 139584 139584 131533 131533 58453 55898 2555 157692 153995 3697 1175117 1175117 106263 101460 4803 1713623 1713623 7011237 7011237 543389 543389 SUPPLIES 14793066 14793066 EQUIPMENT 2771122 2770923 199 OUTSIDE SERVICES 2447544 2436136 11408 BAD DEBT EXPENSE 137714 0 137714 230310 230310 70710033 69272020 1438013 0 7234099 2708037 3849930 11545428 12205405 209948 295860 91159537 38008625 56288596 53150912 4712032 4995478 5875210 4846650 85865313 82052272 10729553 8771749 18789970 18043427 19583069 19567736 49102592 46382912 X 26263116 21788203 10499605 13881157 36762721 35669360 85865313 82052272 -1395942 302581 0 X 0 1 X 1 0 X X 1 THE OHIO STATE UNIVERSITY 316025986 6 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 1: THE HISTORY OF TRC INC. BEGAN IN 1962, WHEN THE COLLEGE OF ENGINEERING OF THE OHIO STATE UNIVERSITY ESTABLISHED A TRANSPORTATION RESEARCH CENTER TO COORDINATE AND ENCOURAGE TRANSPORTATION-RELATED ACADEMIC AND RESEARCH PROGRAMS. THE UNIVERSITY ENVISIONED A FACILITY FOR CONTROLLED TRANSPORTATION RESEARCH WITHOUT USING PUBLIC ROADWAYS. THIS CONCEPT WAS DEVELOPED AS A COOPERATIVE EFFORT WITH THE OHIO DEPARTMENT OF HIGHWAYS TO SUCH A LEVEL THAT THE OHIO STATE BOARD OF TRUSTEES APPROVED A DEVELOPMENT PLAN IN 1966 AND ACQUIRED THE NECESSARY LAND IN UNION AND LOGAN COUNTIES. IN 1972, THE OHIO LEGISLATURE CREATED TRC OF OHIO AND ESTABLISHED THE TRANSPORTATION RESEARCH BOARD FOR THE CONTROL, MANAGEMENT, SUPERVISION, AND DIRECTION OF THE CENTER. SUBSEQUENTLY, THE BOARD HIRED A STAFF TO OPERATE THE FACILITIES. IN JUNE 1979, THE BOARD CONTRACTED WITH OHIO STATE UNIVERSITY TO MANAGE THE OPERATIONS AND STAFF OF THE TRC OF OHIO. IN SEPTEMBER 1987, THE CENTER'S PROPERTY WAS OFFERED AS PART OF AN ECONOMIC INDUCEMENT TO ATTRACT A MAJOR AUTOMOTIVE COMPANY TO BUILD AN AUTOMOBILE PLANT IN OHIO. ON JANUARY 26, 1988, THE PROPERTY SALE WAS CONSUMMATED AND TRC INC. WAS FORMED AS SUCCESSOR TO THE TRANSPORTATION RESEARCH BOARD. TRC INC., A NON-PROFIT OHIO CORPORATION, AFFILIATED WITH OHIO STATE, ENTERED INTO A MANAGEMENT AGREEMENT WITH THE MANUFACTURER TO CONTINUE TO OPERATE THE RESEARCH CENTER AS A MULTI-USER, INDEPENDENT TEST SITE. TRC INC. IS CONSIDERED A COMPONENT UNIT OF THE OHIO STATE UNIVERSITY. THE FOUR EX OFFICIO DIRECTORS OF TRC INC. ARE APPOINTED BY THE OHIO STATE UNIVERSITY WHO ARE FORMALLY DESIGNATED AND INSTRUCTED BY THE UNIVERSITY TO REPRESENT THE UNIVERSITY AND ITS INTERESTS. THE FOUR EX OFFICIO DIRECTORS ARE THE CFO OF THE UNIVERSITY, THE VICE PRESIDENT OF RESEARCH OF THE UNIVERSITY, THE DEAN OF THE COLLEGE OF ENGINEERING OF THE UNIVERSITY, AND THE PRESIDENT/CEO OF TRC INC. TRC INC. IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, BY CONDUCTING AND SUPPORTING HUMANISTIC, SCIENTIFIC, AND ENGINEERING RESEARCH AND DEVELOPMENT ACTIVITIES RELATED SOLELY AND EXCLUSIVELY TO THE CONDUCT OF, OR PROVIDING ASSISTANCE IN CONNECTION WITH THE CONDUCT OF, RESEARCH IN AUTOMOTIVE, VEHICULAR AND RELATED FORMS OF TRANSPORTATION, AND FOR THE DEVELOPMENT OF IMPROVED HIGHWAY FACILITIES FOR VEHICULAR TRAFFIC. PART IV, SECTION C, LINE 1: BECAUSE OF THE VAST AND DOMINANT SIZE OF THE OHIO STATE UNIVERSITY ("THE UNIVERSITY") IN COMPARISON TO TRANSPORTATION RESEARCH CENTER INC., IT IS NOT POSSIBLE TO HAVE A MAJORITY OF TRANSPORTATION RESEARCH CENTER INC.'S DIRECTORS ALSO BE IN THE MAJORITY OF THE BOARD OF TRUSTEES AT THE UNIVERSITY, ARTICLE SEVEN OF THE TRANSPORTATION REASEARCH CENTER INC. ARTICLES OF INCORPORATION STATES, "THE OHIO STATE UNIVERSITY HAS PARTICIPATED IN THE CORPORATION, DIRECTORS WHO SERVE AS EX OFFICIO DIRECTORS IN ACCORDANCE WITH THE REGULATIONS OF THE CORPORATION AND WHO ARE FORMALLY DESIGNATED AND INSTRUCTED BY THE UNIVERSITY TO REPRESENT THE UNIVERSITY AND ITS INTERESTS SHALL SERVE ON THE BOARD OF DIRECTORS AND SHALL REPRESENT THE UNIVERSITY AND ITS INTERESTS." SECTION 1.02 OF THE TRANSPORTATION RESEARCH CENTER INC'S CODE OF REGULATIONS CITES THAT THE DIRECTORS SHALL BE DIVIDED INTO TWO CLASSES: ONE CLASS, DESIGNATED "EX-OFFICIO DIRECTORS," SHALL CONSIST OF FOUR DIRECTORS, AND THE OTHER CLASS, DESIGNATED "PUBLIC DIRECTORS," SHALL CONSIST OF THE REMAINING DIRECTORS. THE EX-OFFICIO DIRECTORS ARE THE DIRECTORS REFERED TO IN ARTICLE SEVEN OF THE ARTICLES OF INCORPORATION AND ARE APPOINTED BY THE UNIVERSITY, THE EX-OFFICIO DIRECTORS ARE THE UNIVERSITY CHIEF FINANCIAL OFFICER, THE VICE PRESIDENT FOR REASERCH OF THE UNIVERSITY, THE DEAN OF THE COLLEGE OF ENGINEERING OF THE UNIVERSITY, AND THE PRESIDENT/CEO OF THE CORPORATION. SECTION 3.02 OF THE CODE OF REGULATIONS CITES THAT THAT DEAN OF THE COLLEGE OF ENGINEERING OF THE UNIVERSITY SHALL BE THE CHAIRMAN OF THE TRANSPORTATION RESEARCH CENTER INC.'S BOARD OF DIRECTORS AND SHALL, SUBJECT TO THE DIRECTION OF THE BOARD OF DIRECTORS, HAVE GENERAL SUPERVISION, DIRECTION, AND CONTROL OF THE BUSINESS AND OFFICERS OF THE CORPORATION, ARTICLE I OF TRANSPORTATION RESEARCH CENTER INC.'S CODE OF REGULATIONS DESIGNATES ONE OF THE EX OFFICIO DIRECTORS AS THE PRESIDENT AND CEO. THIS PERSON IS AN EMPLOYEE OF THE UNIVERSITY AND IS APPOINTED BY THE CHAIRMAN OF THE BOARD. 0 0 0 0 0 0 1 4968 0 1 131533 136501 0 PART II-B, LINE 1: IN FY24 ANN AQUILLO CONSULTING, ICE MILLER LLP, AND ZHF CONSULTING SUPPORTED TRC'S EFFORTS IN REQUESTING STATE CAPITAL FUNDING TO CONSTRUCT A NEW IMPACT LAB THAT WILL INCLUDE A CRASH BARRIER AND A HYGE SLED. THESE AGENCIES ALSO MONITOR REGULATIONS AND LAW CHANGES IN OHIO THAT COULD AFFECT TRC AS A MOBILITY TESTING SERVICE CENTER. 4712032 283446 4995478 4609247 102785 4712032 4908467 -299220 4609247 3844023 1064444 4908467 3991501 -147478 3844023 1.00000 0 1 1 60133040 21905005 38228035 12581698 5197086 7384612 11466964 9759303 1707661 6977835 1147231 5830604 53150912 OSU LONG-TERM INVESTMENT POOL 4995478 F 4995478 LEASE RECEIVABLE 4846650 4846650 LEASE LIABILITY 12024826 DEFERRED INFLOW OF RESOURCES - LEASES 7542910 19567736 X 69616672 302581 302581 69314091 0 69314091 70710033 0 70710033 0 70710033 PART X, LINE 2: TRC INC. IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME. TRC, INC. ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 MR MICHAEL PAPADAKIS EX-OFFICIO 0 721028 0 162702 0 36522 0 104311 0 29246 0 1053809 0 0 DR PETER MOHLER EX-OFFICIO 0 599968 0 200775 0 91103 0 80691 0 27963 0 1000500 0 0 MR BRETT ROUBINEK PRESIDENT/CEO 0 333141 0 169001 0 31363 0 41024 0 26511 0 601040 0 0 MS AYANNA HOWARD CHAIRMAN 0 402921 0 0 0 38779 0 44019 0 18798 0 504517 0 0 MR RONALD BURTON CHIEF OPERATING OFFICER 249715 0 0 0 0 0 10050 0 23939 0 283704 0 0 0 MS ALLISON KENDER CHIEF PEOPLE OFFICER/SECRETARY 224341 0 0 0 0 0 9039 0 22639 0 256019 0 0 0 MR ANDREW MATHERS DIRECTOR, PROVING GROUND OPERATIONS 221751 0 0 0 0 0 8929 0 22640 0 253320 0 0 0 MR ARIC ZIMMERMAN DIRECTOR FINANCE & TREASURY 178721 0 0 0 0 0 6943 0 29948 0 215612 0 0 0 MR ANMOL SIDHU SENIOR R&D ENGINEER 2 174748 0 0 0 0 0 7095 0 29930 0 211773 0 0 0 MR SUGHOSH RAO RESEARCH SCIENTIST 2 141558 0 0 0 0 0 5500 0 30469 0 177527 0 0 0 MR JEFFREY ROCKWELL DIRECTOR, INFORMATION SYSTEMS 153505 0 0 0 0 0 0 0 17977 0 171482 0 0 0 MS TAYLOR MANAHAN EXECUTIVE DIRECTOR SERVICES 148613 0 0 0 0 0 5974 0 9721 0 164308 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A MATERIAL DIFFERENCES OF VOTING MEMBERS: THERE ARE CURRENTLY EIGHT DIRECTORS ON THE BOARD OF TRANSPORTATION RESEARCH CENTER INC. THE NUMBER OF DIRECTORS SHALL BE NO FEWER THAN SIX BUT NO MORE THAN ELEVEN. THE DIRECTORS ARE DIVIDED INTO TWO CLASSES: ONE CLASS, DESIGNATED, "EX OFFICIO DIRECTORS", CONSISTS OF FOUR DIRECTORS, AND THE OTHER CLASS, DESIGNATED "PUBLIC DIRECTORS", CONSIST OF THE REMAINING DIRECTORS. THE "EX OFFICIO DIRECTORS", APPOINTED BY THE OHIO STATE UNIVERSITY, ARE FORMALLY DESIGNATED AND INSTRUCTED BY THE UNIVERSITY TO REPRESENT THE UNIVERSITY AND ITS INTERESTS. THE "EX OFFICIO DIRECTORS" ARE: THE UNIVERSITY CFO OF THE OHIO STATE UNIVERSITY; THE VICE PRESIDENT FOR RESEARCH OF THE OHIO STATE UNIVERSITY; THE DEAN OF THE COLLEGE OF ENGINEERING OF THE OHIO STATE UNIVERSITY; AND THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF TRANSPORTATION RESEARCH CENTER INC. EACH DIRECTOR IN OFFICE SHALL HAVE ONE VOTE. THE VOTE OF A MAJORITY OF THE DIRECTORS PRESENT AT ANY MEETING AT WHICH THERE IS A QUORUM SHALL BE THE ACT OF THE DIRECTORS; PROVIDED, HOWEVER, THAT THE AFFIRMATIVE VOTE OF THE "EX OFFICIO DIRECTORS" WHO ARE THE DEAN OF THE COLLEGE OF ENGINEERING OF THE OHIO STATE UNIVERSITY AND THE SENIOR VICE PRESIDENT FOR RESEARCH OF THE OHIO STATE UNIVERSITY SHALL ALSO BE NECESSARY AS PART OF THE MAJORITY TO APPROVE THE FOLLOWING ACTS AND TRANSACTIONS: (1) AMENDMENT OF THE ARTICLES OR CODE OF REGULATIONS; (2) ADOPTION OF THE ANNUAL AND MULTI-YEAR OPERATING AND CAPITAL BUDGETS AND BUSINESS PLANS; (3) APPROVAL OF MATERIAL UNBUDGETED EXPENDITURES, EXCEPT FOR UNBUDGETED EXPENDITURES THAT ARE DIRECTLY REIMBURSABLE BY A THIRD PARTY; (4) ADOPTION OF STRATEGIC PLANS; (5) EXERCISE OF ANY POWERS THE CORPORATION MAY HAVE AS A MEMBER, SHAREHOLDER, PARTNER OR OTHERWISE OF ANOTHER CORPORATION, LIMITED LIABILITY COMPANY, PARTNERSHIP, JOINT VENTURE OR OTHER ORGANIZATION; (6) DISSOLUTION OR LIQUIDATION; (7) MERGER, CONSOLIDATION OR OTHER FORM OF BUSINESS COMBINATION OR REORGANIZATION; (8) SALE, LEASE, MORTGAGE OR OTHER DISPOSITION OF A MATERIAL AMOUNT OF THE ASSETS OR BUSINESS OF THE CORPORATION OR SHARE, MEMBERSHIP OR CONTROL INTERESTS OF ANOTHER ENTITY; (9) DISSOLUTION AND ANY DISTRIBUTION OF ASSETS UPON DISSOLUTION; (10) INCURRENCE OF DEBT OR ASSUMPTION OR GUARANTEE OF DEBT, INCLUDING CONTINGENT OR CONDITIONAL DEBT, IN EXCESS OF $500,000 IN THE AGGREGATE AT ANY ONE TIME; (11) BECOMING A MATERIAL INVESTOR, PARTNER, MEMBER, ASSOCIATE, OR PARTICIPANT IN ANY OTHER ENTERPRISE OR VENTURE, WHETHER FOR PROFIT OR NONPROFIT; (12) FORMATION OF A SUBSIDIARY; (13) ANY ACTION THAT TRANSPORTATION RESEARCH CENTER INC. MAY BE AUTHORIZED TO TAKE INVOLVING THE PRESIDENT/CHIEF EXECUTIVE OFFICER/MANAGEMENT; (14) ELECTION OF PUBLIC DIRECTORS; OR (15) DECISIONS CONCERNING THE DISTRIBUTION OF ACCUMULATED SURPLUS PURSUANT TO ARTICLE V HEREOF. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND THE CONTROLLER PREPARE AND REVIEW THE SUPPORT FOR THE FORM 990. UPON COMPLETION OF THEIR REVIEW, THEY FORWARD THE SUPPORT TO TRC INC.'S PUBLIC ACCOUNTING FIRM, KPMG LLP., WHO COMPILE AND REVIEW THE FORM 990. PRIOR TO FILING THE FORM 990, THE FORM 990 IS SENT TO THE MEMBERS OF THE TRC INC. AUDIT COMMITTEE AND THE TRC INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT/CEO OF THE CORPORATION IS RESPONSIBLE FOR THE DESIGN AND IMPLEMENTATION OF THE CONFLICT OF INTEREST POLICY. DIRECTORS, OFFICERS, AND EMPLOYEES SHOULD STRIVE AT ALL TIMES TO AVOID CONFLICTS OF INTEREST AND DEVELOP AND MAINTAIN AN ATTITUDE OF AWARENESS OF SITUATIONS IN WHICH AN APPEARANCE OF CONFLICT MIGHT ARISE. A POLICY OF FULL DISCLOSURE TO TRC INC. WILL BE FOLLOWED TO ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. DIRECTORS, OFFICERS, AND EMPLOYEES SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF: (A) SUCH PERSON HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH PERSON'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF HIS OR HER RESPONSIBILITIES TO TRC INC., OR (B) SUCH PERSON IS AWARE THAT A MEMBER OF HIS OR HER FAMILY, OR ANY ORGANIZATION IN WHICH SUCH PERSON (OR MEMBER OF HIS OR HER FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE, OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS A SPOUSE, PARENTS, SIBLINGS, CHILDREN, AND ANY OTHER RELATIVE IF THE LATTER RESIDES IN THE SAME HOUSEHOLD AS THE PERSON. ALL DIRECTORS, OFFICERS, AND EMPLOYEES SHALL DISCLOSE TO TRC INC. ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE SHALL COMPLETE AND SIGN A DISCLOSURE FORM PROVIDED ANNUALLY BY THE SECRETARY OF THE BOARD OF DIRECTORS. THE COMPLETED DISCLOSURE FORM IS REVIEWED BY THE PRESIDENT AND SECRETARY OF THE CORPORATION FOR DETERMINATION OF ANY POSSIBLE CONFLICTS. ALL EMPLOYEES ARE EXPECTED TO REVIEW AND SIGN OFF ON A CODE OF CONDUCT POLICY WHICH ADDRESSES CONFLICT OF INTEREST ISSUES. ANY TIME EXPECTED STANDARDS OF CONDUCT ARE NOT MET, CORRECTIVE ACTION COULD RANGE FROM COACHING OR COUNSELING TO TERMINATION OF EMPLOYEE. DISCIPLINE POLICY HR50.200.001. FORM 990, PART VI, SECTION B, LINE 15B TRC INC.'S COMPENSATION SYSTEM IS DESIGNED TO ESTABLISH AND MAINTAIN PAY LEVELS THAT WILL ATTRACT AND RETAIN A WORKFORCE NECESSARY FOR OUR CONTINUED SUCCESS. WE DO THIS THROUGH A SYSTEM OF COMPENSATION THAT IS RESPONSIVE TO CHANGES IN THE MARKET PLACE, THE ORGANIZATION, AND THE ECONOMIC CONDITIONS WITHIN TRC INC. AND OUR INDUSTRY. THE COMPENSATION SYSTEM SHALL BE BASED ON, TO THE MAXIMUM EXTENT PRACTICABLE, JOB CLASSIFICATIONS AND PAY RATES APPLICABLE TO EMPLOYEES IN THE LOCAL AREA, BUT MAY DEVIATE THEREFROM IF IT IS DETERMINED IN ANY CASE THAT SUCH IS IN THE BEST INTERESTS OF TRC INC. TRC INC. POSITIONS ARE DIVIDED INTO GRADES OF DIFFICULTY AND RESPONSIBILITY OF WORK. EACH POSITION IN THE ORGANIZATION HAS BEEN ASSIGNED A COMPENSATION CODE THAT ESTABLISHES THE VALUE OF THE POSITION RELATIVE TO OTHER POSITIONS IN THE ORGANIZATION. A COMPENSATION CODE GRID HAS BEEN ESTABLISHED OUTLINING EACH JOB TITLE AND THE CORRESPONDING COMPENSATION CODE AND ITS PAY MINIMUM AND MAXIMUMS. HUMAN RESOURCES ADMINISTRATION WILL REVIEW THE COMPENSATION PROGRAM ANNUALLY TO DETERMINE ITS ADEQUACY ACCORDING TO TRC'S COMPENSATION POLICY. RECOMMENDATIONS TO MAINTAIN OR REVISE THE SYSTEM WILL BE MADE TO CORPORATION ADMINISTRATION PERIODICALLY. AS PART OF THAT PERIODIC REVIEW, AN EXTERNAL, INDEPENDENT, COMPARATIVE COMPENSATION MARKETING SURVEY, CONDUCTED BY AN EXTERNAL VENDOR, IS COMPLETED AND REVIEWED. OUR HR DEPT HAS SEVERAL GUIDELINES IN PLACE TO COMPARE SALARY REQUIREMENTS ACCORDING TO INDUSTRY, REGIONAL, AND NATIONAL STANDARDS FOR SIMILARLY QUALIFIED PERSONS. THESE GUIDELINES ARE REVIEWED AND AMENDED PERIODICALLY. TRC HAS AN ELECTRONIC SYSTEM FOR REVIEWING AND STORING DOCUMENTATION OF ALL EMPLOYEE COMPENSATION AND REVIEWS. THE 360 REVIEW IS ALSO PART OF THE PROCESS. THE DISCUSSIONS/REVIEWS ARE MANAGED BY HR AND APPROVED BY SENIOR MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 TRC INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE PUBLIC. FORM 990, PART VII, SECTION A, COLUMN E: DESCRIPTION OF REASONABLE EFFORTS UNDERTAKEN IN AQUIRING COMPENSATION: TRANSPORTATION RESEARCH CENTER INC. RECEIVES THE COMPENSATION AND BENEFITS DATA FOR BOARD MEMBERS EMPLOYED BY THE OHIO STATE UNIVERSITY FROM THE PAYROLL DEPARTMENT AT THE OHIO STATE UNIVERSITY. TRC CA LLC 3750 TURBINE DRIVE ATWATER CA 95301 VEHICLE TESTING CA 6672813 6117437 TRC THE OHIO STATE UNIVERSITY ENARSON HALL 154 W 12TH AVE COLUMBUS OH 43210 316025986 EDUCATION OH N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0