HOUSING AND LAND ENTERPRISE OF MAUI (EIN 205325361) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

DAWN DEREGO

Phone

8082446110

Tax Period

2024-07-01 to 2025-06-30

HOUSING AND LAND ENTERPRISE OF MAUI, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $133K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $325K exceeded revenue, resulting in a 145% operating deficit.

Mission

TO SECURE AND PRESERVE A PERMANENT SUPPLY OF AFFORDABLE HOUSING ALTERNATIVES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN MAUI COUNTY.

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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 $136,259

Program Service Revenue $19,689

Investment Income $105,901

Other Revenue $-129,167

TOTAL REVENUE $132,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,165

Fundraising Expenses $16,930

Program Expenses $242,358

Other Expenses $119,622

TOTAL EXPENSES $324,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,682	$4,937,175	-1.0%
Expenses	$324,787	$377,169	-0.1%
Net Income	$-192,105	$4,560,006	-1.0%

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

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

$152,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN DEREGO	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE WARD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL TROTTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE SPALDING SMITH	SECRETARY	0.40	Officer Director	$0	$0	$0
LAVY SISOUVONG	DIRECTOR (THRU 10/24)	0.25	Director	$0	$0	$0
HONORATO MARTINEZ	DIRECTOR (THRU 3/25)	0.25	Director	$0	$0	$0
PAM READER	DIRECTOR	0.40	Director	$0	$0	$0
TOM CROLY	DIRECTOR	0.50	Director	$0	$0	$0
JEN MATHERS	DIRECTOR	0.40	Director	$0	$0	$0
JUSTIN HUGHEY	DIRECTOR	0.40	Director	$0	$0	$0
KIMBERLY AWANA	DIRECTOR	0.40	Director	$0	$0	$0
CASSANDRA ADBUL	EXECUTIVE DIRECTOR (THRU 8/24)	40.00	Officer	$100,569	$1,473	$102,042
CARRIE DEMOTT	EXECUTIVE DIRECTOR (EFF 8/24)	40.00	Officer	$39,122	$11,274	$50,396

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	$132,682	$324,787	$14,805,012	$-192,105
2024	$4,937,175	$377,169	$14,978,750	$4,560,006
2023	$655,337	$343,257	$10,422,825	$312,080
2022	$558,984	$328,685	$10,109,567	$230,299
2021	$1,045,064	$326,917	$9,894,968	$718,147
2020	$1,434,312	$287,501	$10,526,811	$1,146,811
2019	$1,095,006	$266,394	$8,666,062	$828,612

HOUSING AND LAND ENTERPRISE OF MAUI