HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS (EIN 237067376) - 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

1970

Legal Domicile

Principal Officer

DEANNA D'OLIER

Phone

8089731540

Tax Period

2024-07-01 to 2025-06-30

HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS, founded in 1970, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

ADVOCATES ON BEHALF OF INDEPENDENT EDUCATION IN HAWAII, PROVIDES SERVICES THAT STRENGTHEN OUR INDIVIDUAL SCHOOLS AND ENGAGES THEM TO ACHIEVE EDUCATIONAL QUALITY AND EXCELLENCE FOR ALL STUDENTS.

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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 $1,011,394

Program Service Revenue $774,349

Investment Income $34,931

Other Revenue $8,109

TOTAL REVENUE $1,828,783

Expense Breakdown

Grants Paid $106,443

Salaries & Benefits $847,602

Fundraising Expenses $0

Program Expenses $1,702,936

Other Expenses $1,107,137

TOTAL EXPENSES $2,061,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,828,783	$1,786,029	+0.0%
Expenses	$2,061,182	$1,748,529	+0.2%
Net Income	$-232,399	$37,500	-7.2%

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

$212,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH FLETCHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT DAVID GAUDI	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
TIMOTHY COTTRELL	TREASURER	1.50	Officer Director	$0	$0	$0
STEPHEN DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HERNANDEZ MORSE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LATHAM	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN MADDEN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MASA	DIRECTOR	1.00	Director	$0	$0	$0
KAHEALANI NAEOLE-WONG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY NAGRAMADA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
RON SHIIRA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SINGER	DIRECTOR	1.00	Director	$0	$0	$0
GERALD TERAMAE	DIRECTOR	1.00	Director	$0	$0	$0
SHANA TONG	DIRECTOR	1.00	Director	$0	$0	$0
PAUL TURNBULL	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE WILKS	DIRECTOR	1.00	Director	$0	$0	$0
LIA WOO	DIRECTOR	1.00	Director	$0	$0	$0
LLEWELLYN YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP J BOSSERT	EXECUTIVE DIRECTOR, SECRETARY	40.00	Officer	$167,665	$44,935	$212,600
DEANNA D'OLIER	ASSOCIATE DIRECTOR	40.00	Highest	$118,581	$17,902	$136,483
MYRNA MEDEIROS	FORMER BUSINESS OFFICER	40.00	Highest	$100,659	$13,219	$113,878

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	$1,828,783	$2,061,182	$849,162	$-232,399
2024	$1,786,029	$1,748,529	$928,629	$37,500
2023	$2,060,470	$2,057,997	$825,294	$2,473
2022	$1,403,850	$1,242,995	$637,767	$160,855
2021	$1,348,659	$1,123,010	$383,200	$225,649
2020	$1,902,423	$1,882,238	$150,282	$20,185
2019	$1,923,299	$1,919,583	$367,359	$3,716
2018	$1,820,446	$1,818,737	$281,903	$1,709

HAWAII ASSOCIATION OF INDEPENDENT SCHOOLS