MALA'AI (EIN 510646670) - 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

2008

Legal Domicile

Principal Officer

JEANNETTE SOON-LUDES

Phone

8087460996

Tax Period

2023-01-01 to 2023-12-31

MALA'AI, founded in 2008, is a small nonprofit in the Education sector that reported $315K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $361K exceeded revenue, resulting in a 15% operating deficit.

Mission

CULTIVATING CONNECTIONS BETWEEN PEOPLE, LAND, CULTURE AND FOOD IN SCHOOL GARDENS. WE CREATE A DYNAMIC LEARNING ENVIRONMENT FOR OUR WAIMEA MIDDLE SCHOOL STUDENTS AND THE GREATER COMMUNITY BY CREATING AND SUSTAINING AN ORGANIC GARDEN AND KITCHEN CLASSROOM THAT ENGAGES STUDENTS AND ADULTS IN ALL ASPECTS OF GROWING, HARVESTING, PREPARING AND SHARING NOURISHING, HEALTHY FOOD. WE ALSO SUPPORT OTHER SCHOOL GARDENS ON HAWAII ISLAND BY OFFERING PROFESSIONAL DEVELOPMENT FOR TEACHERS, ADVOCACY ON A STATEWIDE LEVEL, AND TECHNICAL ASSISTANCE FOR GARDEN STAFF AND COMMUNITY VOLUNTEERS.

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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 $243,450

Program Service Revenue $57,017

Investment Income $7

Other Revenue $14,434

TOTAL REVENUE $314,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,111

Fundraising Expenses $27,543

Program Expenses $302,752

Other Expenses $140,782

TOTAL EXPENSES $360,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,908	$350,594	-0.1%
Expenses	$360,893	$347,879	+0.0%
Net Income	$-45,985	$2,715	-17.9%

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

$68,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOPHIA BOWART	TREASURER/PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY BAKER	SECRETARY	0.50	Director	$0	$0	$0
DERRICK KIYABU	DIRECTOR	0.50	Director	$0	$0	$0
HEALOHAMELE GENOVIA	DIRECTOR	0.50	Director	$0	$0	$0
WILLIE QUAYLE	DIRECTOR	0.50	Director	$0	$0	$0
ZOE KOSMAS	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$63,546	$5,116	$68,662
JEANETTE I SOON-LUDES	EXECUTIVE DIRECTOR	40.00	Officer	$67	$0	$67

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	$314,908	$360,893	$269,601	$-45,985
2022	$350,594	$347,879	$246,953	$2,715
2021	$333,987	$321,184	$245,064	$12,803
2020	$378,389	$271,148	$210,297	$107,241
2018	$214,718	$217,706	$85,700	$-2,988

MALA'AI