TEXAS RICE IMPROVEMENT ASSOCIATION (EIN 741242104) - 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

1952

Legal Domicile

Principal Officer

JENNIFER ABSHIRE

Phone

4097525221

Tax Period

2024-01-01 to 2024-12-31

TEXAS RICE IMPROVEMENT ASSOCIATION, founded in 1952, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 13% operating deficit.

Mission

AGRICULTURAL RESEARCH

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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 $128,863

Investment Income $29,567

Other Revenue $4,248

TOTAL REVENUE $162,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,494

Fundraising Expenses $0

Program Expenses $184,091

Other Expenses $56,597

TOTAL EXPENSES $184,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,678	$239,122	-0.3%
Expenses	$184,091	$170,367	+0.1%
Net Income	$-21,413	$68,755	-1.3%

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

$4,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER ABSHIRE	SECRETARY	20.00	Officer	$4,200	$0	$4,200
MICHAEL BLANCHARD	PRESIDENT	N/A	Director	$0	$0	$0
GREG DEVILLIER	DIRECTOR	N/A	Director	$0	$0	$0
GALEN FRANZ	DIRECTOR	N/A	Director	$0	$0	$0
TOM KELLEY	DIRECTOR	N/A	Director	$0	$0	$0
WILLIS MCDERMAND	DIRECTOR	N/A	Director	$0	$0	$0
WELDON NANSON	DIRECTOR	N/A	Director	$0	$0	$0
DICK OTTIS	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND RABIUS	DIRECTOR	N/A	Director	$0	$0	$0
BOB SHOEMATE	DIRECTOR	N/A	Director	$0	$0	$0
RANDY WALIGURA	DIRECTOR	N/A	Director	$0	$0	$0
BILL DISHMAN JR	VICE PRESIDE	N/A	Officer	$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	$162,678	$184,091	$909,128	$-21,413
2023	$239,122	$170,367	$930,334	$68,755
2022	$440,365	$381,670	$859,107	$58,695
2021	$312,242	$443,664	$803,897	$-131,422
2020	$294,936	$373,622	$934,271	$-78,686
2019	$295,000	$388,360	$1,012,702	$-93,360
2018	$339,956	$314,978	$1,106,575	$24,978

TEXAS RICE IMPROVEMENT ASSOCIATION