ALAKA'INA

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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

2013

Legal Domicile

Principal Officer

DAVID MORTENSEN PRESIDENT

Phone

8084478915

Tax Period

2021-01-01 to 2021-12-31

ALAKA'INA, founded in 2013, is a small nonprofit that reported $191K in total revenue in fiscal year 2021. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $365K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO CREATE OPPORTUNITES FOR HAWAII'S YOUTH IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) EDUCATION PROGRAMS, INCLUDING INITIATIVES THAT PROMOTE A HEALTHY SUSTAINABLE LIFESTYLE AND ENVIRONMENT FOR HAWAII'S YOUTH.

Program Service Accomplishments

Program 1

Expenses: $332,871

THE DIGITAL BUS PROGRAM ENCOURAGES INTEREST IN SCIENCE AND TECHNOLOGY AMONG UNDERREPRESENTED STUDENT POPULATIONS IN GRADES K-12 ON THE ISLANDS OF MAUI AND MOLOKA'I BY WORKING TO DEVELOP THE NEXT...

THE DIGITAL BUS PROGRAM ENCOURAGES INTEREST IN SCIENCE AND TECHNOLOGY AMONG UNDERREPRESENTED STUDENT POPULATIONS IN GRADES K-12 ON THE ISLANDS OF MAUI AND MOLOKA'I BY WORKING TO DEVELOP THE NEXT GENERATION OF SCIENTISTS CAPABLE OF DEVELOPING AND SUPPORTING CRITICAL TECHNOLOGIES FOR THE FUTURE. THE DIGITAL BUS HAS BEEN PROVIDING HANDS-ON LEARNING OPPORTUNITIES FOR THE YOUTH OF MAUI. PROJECTS ON MAUI INCLUDE ENVIRONMENTAL AND BIOLOGICAL SCIENCES THAT ENGAGE STUDENTS IN FIELD-BASED LOCATIONS. THE DIGITAL BUS ALSO SERVES THE ISLAND OF MOLOKA'I WITH A PROFESSIONAL DEVELOPMENT PROGRAM FOR MOLOKA'I TEACHERS THAT PROVIDES TRAINING AND TECHNOLOGY TOOLS NEEDED TO CONDUCT ENVIRONMENTAL MONITORING PROJECTS WITH THEIR STUDENTS. MOLOKA'I RECEIVED ITS NEW VAN TO SERVE AS THE DIGITAL BUS IN JUNE 2016.

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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 (2021)

Revenue Breakdown

Contributions & Grants $191,356

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $191,356

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $170,219

Fundraising Expenses $0

Program Expenses $332,871

Other Expenses $193,332

TOTAL EXPENSES $364,551

Year-over-Year Comparison

	2021	2020	Change
Revenue	$191,356	$578,862	-0.7%
Expenses	$364,551	$522,159	-0.3%
Net Income	$-173,195	$56,703	-4.1%

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

$83,647

Total Directors

$114,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NAWELO VILLA	SECRETARY & DIRECTOR	5.0	Officer Director	$0	$0	$42,337
DAVID MORTENSEN	PRESIDENT & DIRECTOR	5.0	Officer Director	$0	$0	$41,310
MICHAEL KIMO WONG	DIRECTOR	5.0	Director	$0	$0	$30,664
FRANK CRAIG FLORO	DIRECTOR	5.0	Director	$0	$0	$0
JAMES DONALD BACON	DIRECTOR	5.0	Director	$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
2021	$191,356	$364,551	$4,794	$-173,195
2020	$578,862	$522,159	$212,145	$56,703
2019	$451,755	$462,265	$163,637	$-10,510
2018	$699,712	$520,909	$233,295	$178,803