HISTORIC RICEFIELDS ASSOCIATION 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

1978

Legal Domicile

Principal Officer

T SMITH RAGSDALE

Phone

8435462426

Tax Period

2023-01-01 to 2023-12-31

HISTORIC RICEFIELDS ASSOCIATION INC, founded in 1978, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 204% operating deficit.

Mission

PROTECT THE RESOURCES OF THE SC LOWCOUNTRY. WORK TO CONSERVE AND PROTECT HISTORIC RICEFIELDS AND OTHER SENSITIVE WETLANDS, AS WELL AS OTHER HISTORIC PROPERTIES.

Program Service Accomplishments

Program 1

Expenses: $2,212 Revenue: $4,000

FACILITATE MITIGATION OF CERTAIN PROPERTIES AND PROJECTS TO PROTECT SENSITIVE WETLANDS FROM DEVELOPMENT.

Program 2

Expenses: $42,884

RESTORATION AND MAINTENANCE OF THE BROOKGREEN RICEFIELDS, WHICH SUPPORT MIGRATORY BIRDS AND WATERFOWL AND SHOW VISITORS WHAT ANTEBELLUM FARMING LOOKED LIKE.

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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 $0

Program Service Revenue $4,000

Investment Income $15,694

Other Revenue $0

TOTAL REVENUE $19,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,096

Other Expenses $59,866

TOTAL EXPENSES $59,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,694	$52,718	-0.6%
Expenses	$59,866	$173,820	-0.7%
Net Income	$-40,172	$-121,102	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T SMITH RAGSDALE III	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
RT REV C F ALLISON	DIRECTOR	0.10	Director	$0	$0	$0
ALEX M QUATTLEBAUM	DIRECTOR	0.10	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
2024	No data	No data	No data	No data
2023	$19,694	$59,866	$492,912	$-40,172
2022	$52,718	$173,820	$533,084	$-121,102
2021	$2,729	$10,364	$654,186	$-7,635
2020	$1,706	$35,410	$661,821	$-33,704
2019	$44,298	$111,759	$695,525	$-67,461
2018	$4,402	$34,487	$762,986	$-30,085