FORT STREET MALL BUSINESS IMPROVEMENT DISTRICT ASSOCIATION

EIN: 331026831 501(c)(3) Community Improvement

HONOLULU, HI

Total Revenue
$558,510
Total Expenses
$581,077
Total Assets
$135,998
Net Assets
$127,021
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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
2002
Legal Domicile
HI
Principal Officer
EDWARD R KORYBSKI
Phone
8084414995
Tax Period
2024-07-01 to 2025-06-30

FORT STREET MALL BUSINESS IMPROVEMENT DISTRICT ASSOCIATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $559K in total revenue in fiscal year 2024.

Mission

THE FORT STREET MALL BUSINESS IMPROVEMENT DISTRICT (BID) WAS FORMED TO CARRY OUT AND EXECUTE THE ACTIVITIES PRESCRIBED IN THE CITY AND COUNTY OF HONOLULU IMPROVEMENT DISTRICT PLAN DATED OCTOBER 10, 2002. THESE ACTIVITIES INCLUDE THE IMPLEMENTATION AND MANAGEMENT OF SERVICE PROGRAMS DESIGNED TO IMPROVE SECURITY, SANITATION AND MITIGATE COMMUNITY DETERIORATION OF THE AREA KNOWN AS THE FORT STREET MALL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $509,695
Program Service Revenue $0
Investment Income $29
Other Revenue $48,786
TOTAL REVENUE $558,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $377,516
Fundraising Expenses $0
Program Expenses $400,389
Other Expenses $203,561
TOTAL EXPENSES $581,077

Year-over-Year Comparison

2024 2023 Change
Revenue $558,510 $536,881 +0.0%
Expenses $581,077 $553,986 +0.0%
Net Income $-22,567 $-17,105 +0.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
N/A

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
5
$98,700
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA PALLA DIRECTOR 1.00
Director
$0 $0 $0
CURT NAKAMURA DIRECTOR 1.00
Director
$0 $0 $0
GREGORY WOOD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
LAURA THIELEN DIRECTOR 1.00
Director
$0 $0 $0
NATALIE FOGLE DIRECTOR 1.00
Director
$0 $0 $0
REYN TANAKA SECRETARY 1.00
Officer Director
$0 $0 $0
VICTOR LIM CHAIRMAN 1.00
Officer Director
$0 $0 $0
WARREN WONG TREASURER 1.00
Officer Director
$0 $0 $0
ROBBIE KELLY DIRECTOR 1.00
Director
$0 $0 $0
TYLER DOS-SANTOS COUNCILMEMBER 1.00
Director
$0 $0 $0
EDWARD R KORYBSKI PRESIDENT 40.00
Officer
$98,700 $0 $98,700
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 $558,510 $581,077 $135,998 $-22,567
2024 $536,881 $553,986 $157,815 $-17,105
2023 $497,946 $519,394 $193,763 $-21,448
2022 $481,472 $504,344 $256,001 $-22,872
2021 $508,733 $516,214 $328,546 $-7,481
2020 $491,201 $503,928 $298,942 $-12,727
2019 $519,861 $531,499 $366,287 $-11,638
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