RIO FARMS INC (EIN 741002714) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Phone

9562621387

Tax Period

2024-09-01 to 2025-08-31

RIO FARMS INC, founded in 1941, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 44% operating margin.

Mission

THE BETTERMENT OF THE CONDITION OF PURSUITS, IMPROVING THE GRADE OF AGRI PRODUCTS, AND DEVELOPMENT OF A HIGHER DEGREE OF EFFICIENCY IN THE AGRICULTURAL COMMUNITY.

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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 $3,704,718

Investment Income $704,517

Other Revenue $534,515

TOTAL REVENUE $4,943,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,212

Fundraising Expenses $0

Program Expenses $1,167,364

Other Expenses $2,123,705

TOTAL EXPENSES $2,759,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,943,750	$2,767,176	+0.8%
Expenses	$2,759,917	$2,819,457	0.0%
Net Income	$2,183,833	$-52,281	-42.8%

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

N/A

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

$72,000

Total Directors

$253,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT KLOSTERMANN	PRES/GEN MGR	40.00	Director	$205,000	$0	$205,000
BARRY DICKERSON	DIRECTOR	1.00	Director	$24,000	$0	$24,000
GLENN WILDE	DIRECTOR	1.00	Director	$24,000	$0	$24,000
LANCE NEUHAUS	CHAIRMAN	1.00	Officer	$24,000	$0	$24,000
BOB STEWART	VICE CHAIRMAN	1.00	Officer	$24,000	$0	$24,000
JACK HARBISON	SECRETARY	1.00	Officer	$24,000	$0	$24,000

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	$4,943,750	$2,759,917	$66,904,937	$2,183,833
2024	$2,767,176	$2,819,457	$65,196,706	$-52,281
2023	$3,447,320	$3,211,454	$66,139,561	$235,866
2022	$3,932,720	$2,731,572	$66,286,539	$1,201,148
2021	$5,878,353	$2,376,873	$64,997,102	$3,501,480
2020	$4,114,540	$2,601,608	$49,634,340	$1,512,932
2019	$21,245,690	$2,920,414	$47,320,049	$18,325,276

RIO FARMS INC