OAHU HAWAIIAN CANOE RACING ASSOCIATION HAWAII (EIN 463692050) - 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

2013

Legal Domicile

Principal Officer

LAPULE SCHULTZ

Phone

8083304994

Tax Period

2024-01-01 to 2024-12-31

OAHU HAWAIIAN CANOE RACING ASSOCIATION HAWAII, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 200% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 10% surplus.

Mission

COMMITTED TO PRESERVING HAWAIIAN CANOE PADDLING TRADITIONS, FOSTERING CULTURAL CONNECTION, AND PROMOTING COMPETITIVE EXCELLENCE TO HONOR OUR HERITAGE AND INSPIRE FUTURE GENERATIONS.

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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 $559,305

Program Service Revenue $555,863

Investment Income $0

Other Revenue $102,591

TOTAL REVENUE $1,217,759

Expense Breakdown

Grants Paid $44,981

Salaries & Benefits $0

Fundraising Expenses $46,544

Program Expenses $1,027,530

Other Expenses $1,045,362

TOTAL EXPENSES $1,090,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,217,759	$405,319	+2.0%
Expenses	$1,090,343	$325,439	+2.4%
Net Income	$127,416	$79,880	+0.6%

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
LAPULE SCHULTZ	PRESIDENT	15.00	Officer Director	$0	$0	$0
SIANA HUNT	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
DAVID HO	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
KAUI SERRAO	CORRESPONDIN	15.00	Officer Director	$0	$0	$0
JENNIFER ROMANO	RECORDING SE	15.00	Officer Director	$0	$0	$0
IKAIKA ROGERSON	TREASURER	15.00	Officer Director	$0	$0	$0
LUANA FROISETH	RACE DIRECTO	20.00	Director	$0	$0	$0
KEA PAIAINA	DIRECTOR	2.00	Director	$0	$0	$0
MARTINA SEGUERA	DIRECTOR	2.00	Director	$0	$0	$0
KRISTI LOWRY	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE KAM-HO	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KALAMA	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MADDEN	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY DICKSON	DIRECTOR	2.00	Director	$0	$0	$0
JASON TAKIMOTO	DIRECTOR	2.00	Director	$0	$0	$0
AMBER KUHLMANN	DIRECTOR	2.00	Director	$0	$0	$0
RENA RZONCA	DIRECTOR	2.00	Director	$0	$0	$0
MARLENE KAHOONEI	DIRECTOR	2.00	Director	$0	$0	$0
CY KALAMA	DIRECTOR	2.00	Director	$0	$0	$0
WALTER GUILD	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA BURKE	DIRECTOR	2.00	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
2024	$1,217,759	$1,090,343	$713,961	$127,416
2023	$405,319	$325,439	$584,662	$79,880
2022	$292,331	$239,443	$500,193	$52,888
2021	$91,300	$39,618	$447,400	$51,682
2020	$91,760	$59,122	$395,718	$32,638

OAHU HAWAIIAN CANOE RACING ASSOCIATION HAWAII