HAWAII ISLAND HOME FOR RECOVERY (EIN 481281563) - 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

2003

Legal Domicile

Principal Officer

RITA SANDI-PALMA

Phone

8089347852

Tax Period

2024-01-01 to 2024-12-31

HAWAII ISLAND HOME FOR RECOVERY, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 8% surplus.

Mission

TO PROVIDE HOUSING SERVICES WITH EVIDENCE-BASED AND LOW-BARRIER SERVICE MODELS, AS WELL AS COORDINATED DATA ENTRY SYSTEM (CES) UTILIZING (VI-SPDAT) AND THE HOUSING FIRST MODEL APPROACHED. HIHR PROGRAMS HELPS FOCUS HOMELESS TO ACHIEVE SPECIFIC GOALS THAT INCLUDES BUT IS NOT LIMITED TO: OBTAINING AND MAINTAINING PERMANENT SUPPORTIVE HOUSING AND LONG-TERM PERMANENT HOUSING. HIHR INCORPORATES A RANGE OF ACTIVITIES WITHIN OUR PROGRAMS THAT ARE INTEGRATED WITH AN ARRAY OF COMMUNITY RESOURCES TO MEET THE NEEDS OF HOMELESS INDIVIDUALS AND THEIR FAMILIES, THESE SERVICES INCLUDE COMPLETING A THOROUGH ASSESSMENT AND CREATING AN INDIVIDUALIZED SERVICE PLAN (ISP) FOR EACH RESIDENT. IMPROVING LIFE AND GENERAL SKILLS, INCREASING PERSONAL INCOME, ENHANCING SELF-DETERMINATION FOR PURSUING LIFE GOALS AND DREAMS, TO LIVE INDEPENDENTLY AND TO FUNCTION AT THE HIGHEST POSSIBLE LEVEL TO BECOME BETTER CONTRIBUTING MEMBERS OF OUR LOCAL AND THE AT LARGE COMMUNITIES.

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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 $1,128,517

Program Service Revenue $80,100

Investment Income $1

Other Revenue $34,745

TOTAL REVENUE $1,243,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $730,287

Fundraising Expenses $34,352

Program Expenses $1,031,933

Other Expenses $412,849

TOTAL EXPENSES $1,143,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,243,363	$821,830	+0.5%
Expenses	$1,143,136	$824,893	+0.4%
Net Income	$100,227	$-3,063	-33.7%

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

$160,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVAN VANLEER	PRESIDENT	1.50	Officer Director	$0	$0	$0
GARY GARDNER	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
JOSEPH O'CONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
JEDEDIAH V KAY	DIRECTOR	0.80	Director	$0	$0	$0
CARLOS HERNANDEZ	DIRECTOR	0.80	Director	$0	$0	$0
RITA SANDI-PALMA	EXECUTIVE DIRECTOR	40.00	Officer	$148,900	$11,357	$160,257

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	$1,243,363	$1,143,136	$187,099	$100,227
2023	$821,830	$824,893	$154,640	$-3,063
2022	$638,775	$658,664	$148,814	$-19,889
2021	$652,743	$678,681	$132,963	$-25,938
2020	$2,170,818	$2,179,429	$165,014	$-8,611
2019	$560,881	$620,319	$146,830	$-59,438
2018	$698,175	$686,888	$203,567	$11,287

HAWAII ISLAND HOME FOR RECOVERY