WAIANAE ECONOMIC DEVELOPMENT COUNCIL (EIN 471646700) - 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

2014

Legal Domicile

Principal Officer

JOSEPH W LAPILIO III

Phone

8084607922

Tax Period

2022-10-01 to 2023-09-30

WAIANAE ECONOMIC DEVELOPMENT COUNCIL, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 5% surplus.

Mission

INCREASE OPPORTUNITIES FOR WAIANAE COAST RESIDENTS BY DEVELOPING THE COMMUNITY'S RICH NATURAL, CULTURAL AND HUMAN RESOURCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,333,999

Program Service Revenue $42,596

Investment Income $0

Other Revenue $3,656

TOTAL REVENUE $1,380,251

Expense Breakdown

Grants Paid $93,274

Salaries & Benefits $587,111

Fundraising Expenses $29,416

Program Expenses $1,004,505

Other Expenses $606,643

TOTAL EXPENSES $1,310,355

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,380,251	$598,989	+1.3%
Expenses	$1,310,355	$600,924	+1.2%
Net Income	$69,896	$-1,935	-37.1%

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

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

$94,216

Total Directors

$96,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH W LAPILIO III	CEO/PRESIDEN	40.00	Officer Director	$86,284	$3,732	$90,016
DANIEL GOMES	VICE PRESIDE	1.00	Officer Director	$1,700	$0	$1,700
ANNIE FERREIRA	SECRETARY &	1.00	Officer Director	$2,500	$0	$2,500
GEORGIANNA NAVARRO	DIRECTOR	1.00	Director	$500	$0	$500
STEPHANIE KAWELO	DIRECTOR	1.00	Director	$1,400	$0	$1,400
VERNA BRIGHT	DIRECTOR	1.00	Director	$400	$0	$400

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	$1,380,251	$1,310,355	$297,929	$69,896
2022	$598,989	$600,924	$203,557	$-1,935
2020	$168,386	$176,554	$24,792	$-8,168

WAIANAE ECONOMIC DEVELOPMENT COUNCIL