The Rice Millers' Association

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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

1899

Legal Domicile

Principal Officer

Peter Bachmann

Phone

7032362300

Tax Period

2024-08-01 to 2025-07-31

The Rice Millers' Association, founded in 1899, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 8% surplus.

Mission

To promote the interests of the U.S. rice milling industry by advocating for sound legislative, regulatory, and trade policy as well as supporting activities to increase domestic and international sales for all types and forms of U.S.-grown rice.

Program Service Accomplishments

Program 1

The USA Rice Millers' Association is a charter member of the USA Rice Federation, who receives funding from the Association to manage it and to conduct approved programs on its behalf.

Program 2

The Association directly funds administrative expenses including the cost of the Association's board meetings and an annual convention.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,363,516

Investment Income $33,044

Other Revenue $0

TOTAL REVENUE $1,396,560

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,266,908

TOTAL EXPENSES $1,286,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,396,560	$1,363,890	+0.0%
Expenses	$1,286,908	$1,308,860	0.0%
Net Income	$109,652	$55,030	+1.0%

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

$624,445

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Rhody	Chair	1.00	Officer Director	$0	$0	$0
Meryl Kennedy Farr	Immediate Past Chair	1.00	Officer Director	$0	$0	$0
Todd Burich	Vice Chair	1.00	Officer Director	$0	$0	$0
Matt Alonso	Member	1.00	Director	$0	$0	$0
Kurt Barrett	Member	1.00	Director	$0	$0	$0
Christian Brenckmann	Member	1.00	Director	$0	$0	$0
Ryan Carwell	Member	1.00	Director	$0	$0	$0
Chris Crutchfield	Member	1.00	Director	$0	$0	$0
Greg Devillier	Member	1.00	Director	$0	$0	$0
Matt Doyle	Member	1.00	Director	$0	$0	$0
Jay Errecarte	Member	1.00	Director	$0	$0	$0
Roger Gilmore	Member	1.00	Director	$0	$0	$0
Keith Glover	Member	1.00	Director	$0	$0	$0
Duane Hall	Member	1.00	Director	$0	$0	$0
Shari Hanauer	Member	1.00	Director	$0	$0	$0
Bobby Hanks	Member	1.00	Director	$0	$0	$0
PJ Haynie	Member	1.00	Director	$0	$0	$0
Matthew Hendricks	Member	1.00	Director	$0	$0	$0
Stephen Hilsdon	Member	1.00	Director	$0	$0	$0
Mark Holt	Member	1.00	Director	$0	$0	$0
Greg Johnson	Member	1.00	Director	$0	$0	$0
Kenneth LaGrande	Member	1.00	Director	$0	$0	$0
Mike Martin	Member	1.00	Director	$0	$0	$0
David Myers	Member	1.00	Director	$0	$0	$0
Ben Noble	Member	1.00	Director	$0	$0	$0
Maria Reyes Castillo	Member	1.00	Director	$0	$0	$0
Sam Schneider	Member	1.00	Director	$0	$0	$0
Blaine Stewart	Member	1.00	Director	$0	$0	$0
Mark Suiter	Member	1.00	Director	$0	$0	$0
Robert Trahan	Member	1.00	Director	$0	$0	$0
Steven Westfall	Member	1.00	Director	$0	$0	$0
Peter Bachmann	President/CEO	2.00	Officer	$0	$33,604	$352,683
Sarah Moran	Chief Operating Officer	2.00	Officer	$0	$44,062	$271,762

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	$1,396,560	$1,286,908	$1,522,732	$109,652
2024	$1,363,890	$1,308,860	$1,413,573	$55,030
2023	$1,173,490	$1,096,880	$1,369,863	$76,610
2022	$1,249,799	$1,020,700	$1,428,531	$229,099
2021	$1,353,655	$1,033,883	$1,058,764	$319,772
2020	$891,754	$796,202	$762,992	$95,552
2019	$1,086,905	$1,289,780	$661,635	$-202,875
2018	$1,006,811	$950,234	$838,631	$56,577