PURPLE MAIA FOUNDATION (EIN 464326249) - 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

DONAVAN KEALOHA

Phone

8083412466

Tax Period

2023-01-01 to 2023-12-31

PURPLE MAIA FOUNDATION, founded in 2013, is a community nonprofit in the Unknown sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, LITERARY, OR EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING PROVISION OF ANY FUTURE FEDERAL TAX CODE, INCLUDING FOR SUCH PURPOSES TO MOTIVATE AND ENCOURAGE THE TALENT AND ABILITY OF HAWAII'S YOUTH TO LEARN, PRACTICE AND EXCEL IN HAWAII'S TECHNICAL INDUSTRY, INCLUDING SCIENCE, ENGINEERING AND TECHNOLOGY, BY INSPIRING CREATIVE, INNOVATIVE AND ENTREPRENEURIAL THINKING AND PAVING THE WAY FOR THE CREATION OF MEANINGFUL LIVES FOR CURRENT AND FUTURE GENERATIONS, ALL OF WHICH SHALL BE ACCOMPLISHED EXCLUSIVELY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $3,439,302

Program Service Revenue $1,284,888

Investment Income $169

Other Revenue $-40,517

TOTAL REVENUE $4,683,842

Expense Breakdown

Grants Paid $87,280

Salaries & Benefits $3,413,098

Fundraising Expenses $77,381

Program Expenses $3,205,593

Other Expenses $1,073,738

TOTAL EXPENSES $4,574,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,683,842	$3,944,413	+0.2%
Expenses	$4,574,116	$3,283,931	+0.4%
Net Income	$109,726	$660,482	-0.8%

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

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

$92,703

Total Directors

$92,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONAVAN KEALOHA	EXECUTIVE DIRECTOR	40.00	Officer Director	$92,703	$0	$92,703
FOREST FRIZZELL	MEMBER	1.00	Director	$0	$0	$0
KIANA FRANK	MEMBER	1.00	Director	$0	$0	$0
KANAKOLU NOA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ANDREW OGAWA	TREASURER	1.00	Officer	$0	$0	$0
ELENA FARDEN	PRESIDENT	1.00	Officer	$0	$0	$0
KAWIKA BURGESS	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$4,683,842	$4,574,116	$1,645,249	$109,726
2022	$3,944,413	$3,283,931	$1,328,905	$660,482
2021	$2,517,574	$2,514,435	$781,202	$3,139
2020	$1,142,724	$1,373,094	$694,051	$-230,370
2019	$1,520,674	$1,150,629	$574,099	$370,045
2018	$597,867	$613,173	$525,374	$-15,306

PURPLE MAIA FOUNDATION