MARE Riding Center

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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

1991

Legal Domicile

Principal Officer

Diane Hopkins

Phone

6615891877

Tax Period

2024-07-01 to 2025-06-30

MARE Riding Center, founded in 1991, is a small nonprofit in the Unknown sector that reported $793K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $738K left a modest 7% surplus.

Mission

TEACHES HORSE RIDING TO HANDICAPPED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $645,985

CENTER TEACHES PHYSICALLY AND/OR MENTALLY HANDICAPPED INDIVIDUALS IN THE BAKERSFIELD AREA HOW TO RIDE HORSES FOR PHYSICAL THERAPY AND RECREATIONAL ENJOYMENT. The center treats over 25 different...

CENTER TEACHES PHYSICALLY AND/OR MENTALLY HANDICAPPED INDIVIDUALS IN THE BAKERSFIELD AREA HOW TO RIDE HORSES FOR PHYSICAL THERAPY AND RECREATIONAL ENJOYMENT. The center treats over 25 different diagnosed disabilities with the use of 11 therapy horses, 4 path certified riding instructors. For the year ended June 30, 2024 over 750 hours of instruction were provided. MARE was also added an equine simulator to provide for additional lessons.

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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 $500,806

Program Service Revenue $178,604

Investment Income $-173

Other Revenue $113,445

TOTAL REVENUE $792,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,736

Fundraising Expenses $11,714

Program Expenses $645,985

Other Expenses $317,757

TOTAL EXPENSES $738,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$792,682	$446,966	+0.8%
Expenses	$738,493	$603,325	+0.2%
Net Income	$54,189	$-156,359	-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

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

$85,216

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimiko Kobayashi	Executive Dir.	40.00	Officer	$85,216	$0	$85,216
Tony Marrion	Board Member	1.00	Director	$0	$0	$0
Charlie McCarthy	Treasurer	1.00	Officer Director	$0	$0	$0
Lindsey Prentice	Vice President	1.00	Officer Director	$0	$0	$0
Diane Hopkins	President	1.00	Officer Director	$0	$0	$0
John Wall	past president	1.00	Officer Director	$0	$0	$0
Bob Wiebe	board member	1.00	Director	$0	$0	$0
Raquel Idolyantes	Secretary	1.00	Officer Director	$0	$0	$0
Janae Peters	board member	1.00	Director	$0	$0	$0
Felicia Mears	Board Member	1.00	Director	$0	$0	$0
Tracy Miller	board member	1.00	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	$792,682	$738,493	$1,968,150	$54,189
2024	$446,966	$603,325	$1,896,401	$-156,359
2023	$598,452	$451,963	$2,001,212	$146,489
2022	$1,194,795	$362,546	$1,864,069	$832,249
2021	$599,292	$338,316	$1,087,990	$260,976
2020	$394,082	$341,485	$304,194	$52,597
2019	$436,689	$397,142	$201,807	$39,547
2018	$349,162	$426,972	$160,210	$-77,810