Central Coast Equine Rescue & Retirement

Nonprofit profile at a glance

EIN
452996164
IRS 990-EZ coverage
2016–2016
Forms available
Form 990-EZ 2016
Location
Carmel, CA, USA
Phone
8312367575
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Reported finances

Revenue
$24,771
Expenses
$55,040
Assets
$42,258
Liabilities
$370,293

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Matthew G Gregory (President)
  • Matthew J Gregory (Vice President)

People named in this filing

  • Matthew G Gregory (President)
  • Danella J Gregory (Secretary)
  • Matthew J Gregory (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Care and maintenance of retired horses

What it reported doing in 2016

The organization maintains and provides horses needed for a therapeutic riding program for Wounded Warrior Support Group. The horses are safe and healthy for veterans to take on supervised trail rides at Garland Ranch in Carmel Valley, CA. A volunteer has obtained path certification for therapeutic riding. The organization received calls on rescuing and/or placing unwanted horses. The organization does not currently have a place to hold additional horses, so refer these calls to Valley View Ranch in King City, California who will pick up these horses and place them into ranches for full retirement. CCERR is working towards having its own facility to keep and board horses in support of the therapeutic trail ride program. The goal is to own boarding and trail property to enable CCERR to provide this service to our veterans full time. The organization has located a 100 acres property in Carmel Valley and is actively searching for funding to purchase the property.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 21
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.2%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -122.2%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 8.76; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 92.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $51K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 6/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.