WEST MAUI PRESERVATION ASSOCIATION

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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

2004

Legal Domicile

Principal Officer

CLAIRE DAOANG

Tax Period

2022-01-01 to 2022-12-31

WEST MAUI PRESERVATION ASSOCIATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $120K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $106K left a modest 11% surplus.

Mission

PRESERVING THE NATURAL PHYSICAL ENVIRONMENT OF THE WEST MAUI AND NORTH BEACH COMMUNITY THROUGH PUBLIC ENHANCEMENT PROJECTS. BECAUSE WEST MAUI IS UNDERGOING TREMENDOUS DEVELOPMENT AND CHANGES, GOVERNMENT AGENCIES HAVE GENERALLY NOT BEEN ABLE TO KEEP UP WITH THE COMMUNITY'S NEEDS FOR PUBLIC RECREATIONAL FACILITIES, ENVIRONMENTAL PROTECTION, PROTECTION OF SHORELINE AND NEARSHORE AREAS FOR PUBLIC, REGIONAL DRAINAGE, TRAFFIC IMPACTS AND OTHER IMPORTANT PUBLIC AND CULTURAL NEEDS. THE ORGANIZATION HAS OPPOSED SPECIFIC DEVELOPMENT PROJECTS AND OBTAINED SIGNIFICANT CONCESSIONS IN THE PUBLIC INTEREST WHICH HAVE PROVIDED FOR PUBLIC NEEDS STATED ABOVE. THIS ORGANIZATION HAS ALSO ENHANCED PUBLIC EDUCATION, AND DIRECTLY IMPLEMENTED COMMUNITY BETTERMENT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $-464

STUDY OF WATER QUALITY PROBLEMS ASSOCIATED WITH LAHAINA WASTEWATER TREATMENT FACILITY AND REMEDIATION OF IDENTIFIED PROBLEMS AT THE FEDERAL, STATE, AND COUNTY LEVELS.

Program 2

Expenses: $27,540

AGRICULTURAL LANDS PROJECT - PROJECT TO PRESERVE AND PROTECT LANDS FOR SUSTAINABLE AGRICULTURAL CONSISTENT WITH HISTORICAL AND CULTURAL PRACTICES IN WEST MAUI.

Program 3

Expenses: $29,928

SHORELINE ACCESS PROJECT-SUPPORTING COMMUNITY EFFORTS TO RESTORE AND REVITALIZE PUBLIC SHORELINE ACCESS AREAS THROUGH WEST MAUI.

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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 (2022)

Revenue Breakdown

Contributions & Grants $120,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1

Program Expenses $87,250

Other Expenses $106,424

TOTAL EXPENSES $106,424

Year-over-Year Comparison

	2022	2021	Change
Revenue	$120,100	$207,370	-0.4%
Expenses	$106,424	$209,640	-0.5%
Net Income	$13,676	$-2,270	-7.0%

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
CLAIRE DAOANG	TREASURER	2.0	Officer Director	$0	$0	$0
KAI NISHIKI	VICE PRESIDENT	3.0	Officer Director	$0	$0	$0
KARYN KANEKOA	SECRETARY	2.0	Officer Director	$0	$0	$0
KANOE STEWARD	PRESIDENT	2.0	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
2022	$120,100	$106,424	$82,195	$13,676
2021	$207,370	$209,640	$68,519	$-2,270
2020	$129,043	$183,072	$70,789	$-54,029
2019	$193,311	$235,658	$124,818	$-42,347
2018	$30,000	$204,360	$167,164	$-174,360