POLYNESIAN VOYAGING SOCIETY (EIN 237302232) - 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

1973

Legal Domicile

Principal Officer

NAINOA THOMPSON

Phone

8088421101

Tax Period

2023-01-01 to 2023-12-31

POLYNESIAN VOYAGING SOCIETY, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 13% surplus.

Mission

THE POLYNESIAN VOYAGING SOCIETY HAS LAUNCHED (THROUGH THE RENOVATION OF OUR VOYAGING CANOE, HOKULE'A) SAIL PLANS FOR HAWAI'I-WIDE EDUCATIONAL PROGRAMS/VOYAGES AND A SAIL PLAN FOR A WORLDWIDE VOYAGE. THE PURPOSE OF THE WORLDWIDE VOYAGE IS TO BECOME A CATALYST FOR POSITIVE CHANGE IN HAWAI'I BY CONSTANTLY LEARNING FROM AND NUTURING RELATIONSHIPS WORLDWIDE THAT SHARE THE VALUES AND RESPONSIBILITY OF CARING FOR ISLAND EARTH, HER OCEANS AND CHILDREN, WHILE HONORING OUR HERITAGE AND PERPETUATING OUR CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,499,777

Program Service Revenue $0

Investment Income $0

Other Revenue $352,059

TOTAL REVENUE $2,851,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,222

Fundraising Expenses $26,178

Program Expenses $1,484,428

Other Expenses $1,628,651

TOTAL EXPENSES $2,475,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,851,836	$1,569,098	+0.8%
Expenses	$2,475,873	$1,395,455	+0.8%
Net Income	$375,963	$173,643	+1.2%

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

203

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

$358,561

Total Directors

$198,888

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BOTTICELLI	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY MALLOTT	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE BLANKENFELD	VICE CHAIR	20.00	Officer Director	$68,328	$13,560	$81,888
CATHERINE FULLER	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS FERN	DIRECTOR	1.50	Director	$0	$0	$0
ERIC CO	SECRETARY/TREASURER	12.50	Officer Director	$0	$0	$0
DR NATHAN WONG	DIRECTOR	0.50	Director	$0	$0	$0
HARDY SPOEHR	DIRECTOR	0.50	Director	$0	$0	$0
HARRY HO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CHUN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CUNNINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
NEIL HANNAHS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
TIM JOHNS	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM TAM	DIRECTOR	0.50	Director	$0	$0	$0
RAY TANABE	DIRECTOR	0.50	Director	$0	$0	$0
ERICA LEHUA KAMALU	DIRECTOR OF VOYAGING	40.00	Director	$90,000	$27,000	$117,000
CHARLES NAINOA THOMPSON	CHEIF EXECUTIVE OFFICER	40.00	Officer	$142,796	$37,127	$179,923
ELSIE GRAHAM	CONTROLLER	40.00	Officer	$75,000	$21,750	$96,750

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
2024	No data	No data	No data	No data
2023	$2,851,836	$2,475,873	$2,502,383	$375,963
2022	$1,569,098	$1,395,455	$1,990,970	$173,643
2021	$1,096,435	$1,095,849	$1,847,181	$586
2020	$1,046,099	$1,021,086	$1,986,413	$25,013
2019	$1,384,444	$1,309,320	$1,886,387	$75,124
2018	$1,966,490	$1,441,118	$1,782,021	$525,372

POLYNESIAN VOYAGING SOCIETY