Beans and Rice Inc

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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

1997

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Beans and Rice Inc, founded in 1997, is a micro nonprofit in the Human Services sector that reported $83K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 162% operating deficit.

Mission

To assist in growing capacities and assets in low to moderate income families.

Program Service Accomplishments

Program 1

Expenses: $72,629

Programs include asset growth initiatives and capacity development opportunities for low to moderate income families through community learning centers located in the New River Valley of Virginia.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,890

Program Service Revenue $5,000

Investment Income $651

Other Revenue $26,821

TOTAL REVENUE $83,362

Expense Breakdown

Grants Paid $1,246

Salaries & Benefits $76,324

Fundraising Expenses $0

Program Expenses $72,629

Other Expenses $141,070

TOTAL EXPENSES $218,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,362	$177,062	-0.5%
Expenses	$218,640	$176,980	+0.2%
Net Income	$-135,278	$82	-1650.7%

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

Volunteers

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lee Spiegel	Executive Director	40.00	Officer	$40,000	$0	$40,000
Timothy Goff	Board Member	2.50	Director	$0	$0	$0
Lora Gordon	Board Member	2.50	Director	$0	$0	$0
Sally Warburton	Board Member	2.50	Director	$0	$0	$0
Vicky Collins	Board Member	2.50	Director	$0	$0	$0
Mike Crabtree	Board Member	2.50	Director	$0	$0	$0
Justin Mosby	President	2.50	Officer Director	$0	$0	$0
Brennan Snook	Treasurer	2.50	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$83,362	$218,640	$612,947	$-135,278
2023	$177,062	$176,980	$757,933	$82
2022	$219,999	$336,837	$777,505	$-116,838
2021	$432,625	$387,900	$922,399	$44,725
2020	$382,235	$447,895	$735,000	$-65,660
2019	$498,291	$510,355	$793,103	$-12,064