Texas Rice Research Foundation (EIN 760029180) - 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

1982

Legal Domicile

Phone

2813913655

Tax Period

2023-08-01 to 2024-07-31

Texas Rice Research Foundation, founded in 1982, is a small nonprofit that reported $969K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 26% operating margin.

Mission

Direct funds for programs of rice research primarily at the Texas Agricultural Experiment Station, and disseminating information obtained from research to rice producers.

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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 $757,341

Program Service Revenue $0

Investment Income $211,030

Other Revenue $142

TOTAL REVENUE $968,513

Expense Breakdown

Grants Paid $706,989

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,841

TOTAL EXPENSES $718,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$968,513	$683,133	+0.4%
Expenses	$718,830	$954,125	-0.2%
Net Income	$249,683	$-270,992	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Arthur Anderson	Director	Director	$0	$0	$0
Daniel Berglund	Director	Director	$0	$0	$0
Rhett Turner	Secretary	Officer Director	$0	$0	$0
Rodney Mowrey	Director	Officer Director	$0	$0	$0
Barrett Franz	Director	Director	$0	$0	$0
Neal Stoesser	vice Chairman	Director	$0	$0	$0
Frank Stasney	Director	Director	$0	$0	$0
JD Woods Jr	Director	Director	$0	$0	$0
Galen Franz	Chairman	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
2024	$968,513	$718,830	$4,379,573	$249,683
2023	$683,133	$954,125	$4,554,629	$-270,992
2022	$708,943	$1,170,546	$4,582,444	$-461,603
2021	$407,646	$1,969,573	$4,847,651	$-1,561,927
2020	$1,279,817	$829,148	$5,306,670	$450,669
2019	$1,083,335	$829,236	$4,819,741	$254,099

Texas Rice Research Foundation