KBARE

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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

2016

Legal Domicile

Principal Officer

GARY GIBBS

Phone

5104655477

Tax Period

2024-07-01 to 2025-06-30

KBARE, founded in 2016, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 18% operating margin.

Mission

KBARE IS A NON-PROFIT CORPORATION WHICH WAS FORMED TO FINANCE, DEVELOP, LEASE, AND MAINTAIN CERTAIN SCHOOL FACILITIES FOR KIPP BAY AREA SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $6,026,480 Revenue: $6,383,944

TO FINANCE, DEVELOP, LEASE, AND MAINTAIN CERTAIN SCHOOL FACILITIES FOR THE EXCLUSIVE SUPPORT OF KIPP BAY AREA SCHOOLS.

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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 $6,383,944

Investment Income $1,009,585

Other Revenue $0

TOTAL REVENUE $7,393,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,026,480

Other Expenses $6,026,480

TOTAL EXPENSES $6,026,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,393,529	$6,121,771	+0.2%
Expenses	$6,026,480	$5,150,528	+0.2%
Net Income	$1,367,049	$971,243	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOLAN HIGHBAUGH	CFO	2.00	Officer Director	$0	$0	$0
GARY GIBBS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN GRIFFITH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PAULSON	DIRECTOR	2.00	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
2025	$7,393,529	$6,026,480	$144,848,413	$1,367,049
2024	$6,121,771	$5,150,528	$103,061,354	$971,243
2023	$5,397,212	$4,288,797	$108,597,313	$1,108,415
2022	$2,222,585	$2,409,352	$81,855,634	$-186,767
2021	$2,110,574	$1,447,703	$41,069,293	$662,871
2020	$1,295,530	$1,298,519	$20,180,771	$-2,989
2019	$1,202,772	$801,644	$21,114,048	$401,128
2018	$817,505	$436,255	$16,245,492	$381,250