RICE RESEARCH TRUST

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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

1962

Legal Domicile

Principal Officer

DUSTIN HARRELL PHD

Phone

5308685481

Tax Period

2023-07-01 to 2024-06-30

RICE RESEARCH TRUST, founded in 1962, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 249% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 86% operating margin.

Mission

THE TRUST WAS FORMED TO PROVIDE FUNDS FROM INVESTMENT OF TRUST ASSETS TO SUPPORT RESEARCH ACTIVITIES FOR AGRICULTURE.

Program Service Accomplishments

Program 1

Expenses: $271,294

DURING THE YEAR THE TRUST PROVIDED GRANT FUNDING TO THE CALIFORNIA COOPERATIVE RICE RESEARCH FOUNDATION, INC., #94-1230307, A 501(C) (5) ORGANIZATION, IN THE AMOUNT OF $265,294.ADDITIONALLY, THE...

DURING THE YEAR THE TRUST PROVIDED GRANT FUNDING TO THE CALIFORNIA COOPERATIVE RICE RESEARCH FOUNDATION, INC., #94-1230307, A 501(C) (5) ORGANIZATION, IN THE AMOUNT OF $265,294.ADDITIONALLY, THE TRUST PROVIDES SCHOLARSHIPS. THESE SCHOLARSHIPS ARE GIVEN TO FULL-TIME GRADUATE OR UNDERGRADUATE STUDENTS ENROLLED IN THE UNIVERSITY OF CALIFORNIA OR CALIFORNIA STATE UNIVERSITY SYSTEMS WITH DEMONSTRATED INTEREST IN PURSUING STUDIES IN RICE IMPROVEMENT, PROTECTION, MANAGEMENT OR UTILIZATION. ADDITIONAL ELIGIBILITY REQUIREMENTS INCLUDE U.S. CITIZENSHIP AND A GRADE POINT AVERAGE THAT QUALIFIES FOR ENTRANCE TO GRADUATE SCHOOL. TWO SCHOLARSHIP WERE AWARDED THIS YEAR.

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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 $532,950

Program Service Revenue $0

Investment Income $1,792,992

Other Revenue $0

TOTAL REVENUE $2,325,942

Expense Breakdown

Grants Paid $271,294

Salaries & Benefits $0

Fundraising Expenses $1,639

Program Expenses $271,294

Other Expenses $63,410

TOTAL EXPENSES $334,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,325,942	$667,185	+2.5%
Expenses	$334,704	$331,147	+0.0%
Net Income	$1,991,238	$336,038	+4.9%

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

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

$213,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANE TAYLOR	DIRECTOR	0.25	Director	$0	$0	$0
KYLE NIEHUES	DIRECTOR	0.25	Director	$0	$0	$0
KURT MEYER	DIRECTOR	0.25	Director	$0	$0	$0
ROB DOORNBOS	DIRECTOR	0.25	Director	$0	$0	$0
SEAN DOHERTY	DIRECTOR	0.25	Director	$0	$0	$0
DENNIS SPOONER	DIRECTOR	0.25	Director	$0	$0	$0
KIM GALLAGHER	DIRECTOR	0.25	Director	$0	$0	$0
STEVE WILLEY	CHAIR	0.25	Officer Director	$0	$0	$0
BERT MANUEL	DIRECTOR	0.25	Director	$0	$0	$0
AARON SCHEIDEL	VICE CHAIR	0.25	Officer Director	$0	$0	$0
GARY ENOS	DIRECTOR	0.25	Director	$0	$0	$0
DUSTIN HARRELL	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$213,099

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	No data	No data	No data	No data
2024	$2,325,942	$334,704	$17,398,469	$1,991,238
2023	$667,185	$331,147	$12,523,150	$336,038
2022	$924,120	$133,553	$12,187,112	$790,567
2021	$1,853,408	$214,425	$11,396,545	$1,638,983
2020	$239,613	$714,001	$9,757,562	$-474,388
2019	$766,054	$512,162	$10,231,950	$253,892