HAWAII RURAL WATER ASSOCIATION (EIN 270711752) - 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

2010

Legal Domicile

Principal Officer

KEITH OKAMOTO

Phone

8083158925

Tax Period

2023-01-01 to 2023-12-31

HAWAII RURAL WATER ASSOCIATION, founded in 2010, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE THE QUALITY OF LIFE IN RURAL AND SMALL MUNICIPALITIES IN THE STATE OF HAWAII BY PROVIDING TRAINING AND TECHNICAL ASSISTANCE TO NON- PROFIT PUBLIC WATER, WASTE AND LIKE UTILITIES.

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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 $1,088,947

Program Service Revenue $177,324

Investment Income $25

Other Revenue $3,520

TOTAL REVENUE $1,269,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,696

Fundraising Expenses $62,165

Program Expenses $1,089,457

Other Expenses $624,292

TOTAL EXPENSES $1,304,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,269,816	$1,023,814	+0.2%
Expenses	$1,304,988	$1,152,523	+0.1%
Net Income	$-35,172	$-128,709	-0.7%

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

$102,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN IHU	PRESIDENT	1.25	Officer Director	$0	$0	$0
RYAN SMITH	VICE PRESIDE	1.25	Officer Director	$0	$0	$0
KEITH OKAMOTO	TREASURER	1.25	Officer Director	$0	$0	$0
JEFFREY PEARSON	SECRETARY	1.25	Officer Director	$0	$0	$0
ANTHONY CARRASCO	DIRECTOR	1.25	Director	$0	$0	$0
EARL ICHIMURA	DIRECTOR	1.25	Director	$0	$0	$0
JUANITA N REYHER-COLON	EXECUTIVE DI	40.00	Officer	$94,743	$8,127	$102,870

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	$1,269,816	$1,304,988	$520,670	$-35,172
2022	$1,023,814	$1,152,523	$629,746	$-128,709
2021	$1,074,896	$1,115,569	$530,547	$-40,673
2020	$754,062	$783,720	$539,944	$-29,658
2019	$898,857	$923,077	$463,484	$-24,220
2018	$1,083,493	$1,115,368	$530,121	$-31,875

HAWAII RURAL WATER ASSOCIATION