KAILUA VILLAGE BUSINESS IMPROVEMEN… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

JAY RUBENSTEIN

Phone

8083267820

Tax Period

2024-07-01 to 2025-06-30

KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION AND GOAL OF THE KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT, INC. IS TO PROVIDE COMMUNITY IMPROVEMENT SERVICES IN ORDER TO IMPLEMENT "CLEAN AND "SAFE" INITIATIVES. A SIGNIFICANT PORTION OF OUR ORGANIZATION'S BUDGET IS EARMARKED FOR ENHANCED PUBLIC SPACE MANAGEMENT AND SECURITY, STREETSCAPE, CLEANING, MAINTENANCE AND LANDSCAPING.

Program Service Accomplishments

Program 1

Expenses: $1,580,544 Revenue: $1,358,738

THE KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT, INC. IS A COLLABORATIVE EFFORT BETWEEN BUSINESSES, GOVERNMENT AND AREA RESIDENTS TO DEVELOP AND IMPLEMENT CREATIVE SOLUTIONS TO IMPROVE PUBLIC SPACES WITHIN KAILUA VILLAGE. DISTRICT LANDOWNERS, LESSEES OF LAND, COMMERCIAL TENANTS AND RESIDENTS ARE ASSESSED ACCORDING TO PROPERTY TAX VALUATIONS AND THESE ASSESSMENTS RETURN DIRECTLY TO THE DISTRICT TO FUND PROGRAMS AND IMPROVEMENTS. THE MISSION AND GOALS OF OUR ORGANIZATION ARE TO IMPLEMENT CLEAN AND SAFE MEASURES AND TO MARKET PUBLIC EVENTS TO IMPROVE COMMUNITY VIBRANCY. A SIGNIFICANT PORTION OF OUR ORGANIZATION'S BUDGET AND EFFORTS ARE EARMARKED FOR ENHANCED PUBLIC SPACE MANAGEMENT AND SECURITY, STREETSCAPE, CLEANING, MAINTENANCE, LANDSCAPE AND VARIOUS OTHER IMPROVEMENTS AND ENHANCEMENTS. IN ADDITION, PROFESSIONAL INFORMATION AND SAFETY OFFICERS ON PATROL DAILY WORK IN TANDEM WITH HAWAII COUNTY POLICE TO ADDRESS CRIMINAL BEHAVIOR. STREETSCAPE MAINTENANCE CREWS ENHANCE EXISTING COUNTY-PROVIDED SERVICES WITH SIDEWALK CLEANING AND TRASH PICK-UP. WE HAVE SUCCESSFULLY ACCOMPLISHED OUR STATED "MISSION AND "GOALS" FOR THE YEAR.

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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 $65,000

Program Service Revenue $1,358,738

Investment Income $276

Other Revenue $0

TOTAL REVENUE $1,424,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,580,544

Other Expenses $1,620,424

TOTAL EXPENSES $1,620,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,424,014	$1,376,691	+0.0%
Expenses	$1,620,424	$1,260,293	+0.3%
Net Income	$-196,410	$116,398	-2.7%

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

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
JAY RUBENSTEIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
NANCY SAKAMOTO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GLENNON GINGO	SECRETARY	5.00	Officer Director	$0	$0	$0
HOBBS LOWSON	TREASURER	5.00	Officer Director	$0	$0	$0
TIM DALHOUSE	DIRECTOR	5.00	Director	$0	$0	$0
PAKA DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
RANDY KUROHARA	DIRECTOR	5.00	Director	$0	$0	$0
BROCK STRATTON	DIRECTOR	5.00	Director	$0	$0	$0
TOBY TANIGUCHI	DIRECTOR	5.00	Director	$0	$0	$0
REBECCA VILLEGAS	COUNTY COUNCIL DESIGNEE	5.00	Director	$0	$0	$0
JACQUELINE AWA	DIRECTOR	5.00	Director	$0	$0	$0
GABE WINKLER	EX-OFFICIO	5.00	Director	$0	$0	$0
STEVE PAUSE	EX-OFFICIO	5.00	Director	$0	$0	$0
HAMANA VENTURA	EX-OFFICIO	5.00	Director	$0	$0	$0
MICHAEL BELL	DIRECTOR	5.00	Director	$0	$0	$0
MERRICK NISHIMOTO	DIRECTOR	5.00	Director	$0	$0	$0
MANU POWERS	DIRECTOR	5.00	Director	$0	$0	$0
ROSS WILSON JR	EXECUTIVE DIRECTOR	5.00	Officer	$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
2025	$1,424,014	$1,620,424	$552,755	$-196,410
2024	$1,376,691	$1,260,293	$749,165	$116,398
2023	$1,288,902	$1,120,039	$632,767	$168,863
2022	$974,275	$979,728	$463,904	$-5,453
2021	$886,675	$903,950	$433,325	$-17,275
2020	$905,421	$976,175	$450,600	$-70,754
2019	$926,822	$928,717	$521,354	$-1,895
2018	$971,098	$880,364	$523,249	$90,734

KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT INC