HAWAII MARINE EDUCATION AND RESEAR… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

ROBERTA MARTIN

Phone

6504453505

Tax Period

2024-01-01 to 2024-12-31

HAWAII MARINE EDUCATION AND RESEARCH CENTER, founded in 2017, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 93% operating margin.

Mission

THE HAWAII MARINE EDUCATION AND RESEARCH CENTER (MERC) IS A STATE OF HAWAII AND U.S. FEDERAL 501(C)3 NON-PROFIT ORGANIZATION THAT CONNECTS COMMUNITIES TO TIMELY SCIENTIFIC INFORMATION ON MARINE RESOURCES. LOCATED IN MILOLII ON HAWAII ISLAND, HAWAII MERC PROVIDES COMMUNITY ENGAGEMENT, RELATIONAL AND CONTEXTUAL PLANNING FOR COASTAL AND MARINE MANAGEMENT AS WELL AS NATURAL RESOURCE ENFORCEMENT VIA COMMUNITY EDUCATION. HAWAII MERC FACILITATES INTER-OPERABILITY AMONG DIVERSE LOCAL COMMUNITIES (NATIVE HAWAIIAN, LONG-TERM RESIDENTS, AND NEW ARRIVALS) WITH HAWAII STATE (DEPARTMENT OF LAND AND NATURAL RESOURCES - DLNR, DIVISION OF AQUATIC RESOURCES - DAR) AND FEDERAL (NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, FISHERIES DIVISION AND LAW ENFORCEMENT DIVISION) AGENCIES BY SUPPLYING A NEUTRAL CONVENING SPACE PAIRED WITH ORGANIZATIONAL AND OPERATIONAL SKILLS AND SCIENCE TO SUPPORT AND MAINTAIN KNOWLEDGE EXCHANGE AND COMMUNITY ACTION.

Program Service Accomplishments

Program 1

Expenses: $79,616 Revenue: $29,500

THE HAWAII MARINE EDUCATION AND RESEARCH CENTER (HAWAII MERC) IS A 501(C)3 NON-PROFIT ORGANIZATION THAT FACILITATES EDUCATION, CONSERVATION, AND SCIENTIFIC INVESTIGATION OF THE MARINE ENVIRONMENT IN THE HAWAIIAN ISLANDS. HAWAII MERC IS THE FIRST COMMUNITY MARINE STATION ON HAWAII ISLAND AND POSSIBLY IN THE STATE OF HAWAII. THE VISION TO BUILD HAWAII MERC WAS BASED ON A RISING NEED TO PROTECT COASTAL AND MARINE RESOURCES AND ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ENFORCEMENT, IN A RAPIDLY CHANGING CLIMATE. LOCATED IN MILOLII ON HAWAII ISLAND, OUR 100% VOLUNTEER TEAM SUPPORTS RESEARCH OF THE COASTAL AND MARINE ENVIRONMENT, AND PROVIDES OPPORTUNITIES TO CONNECT CULTURAL AND SCIENTIFIC PERSPECTIVES FOR THE SUSTAINABILITY OF COASTAL AND REEF ECOSYSTEMS IN SOUTH KONA, HAWAII AND BEYOND. HAWAII MERC FACILITATES INTER-OPERABILITY AMONG DIVERSE LOCAL COMMUNITIES (NATIVE HAWAIIAN, LONG-TERM RESIDENTS, AND NEW ARRIVALS) WITH HAWAII STATE AND FEDERAL AGENCIES BY SUPPLYING A NEUTRAL CONVENING SPACE PAIRED WITH ORGANIZATIONAL AND OPERATIONAL SKILLS AND SCIENCE TO GROW AND SUSTAIN KNOWLEDGE EXCHANGE AND COMMUNITY ACTION.

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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 $1,294,746

Program Service Revenue $29,500

Investment Income $88,246

Other Revenue $927

TOTAL REVENUE $1,413,419

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,616

Other Expenses $86,198

TOTAL EXPENSES $101,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,413,419	$2,551,287	-0.4%
Expenses	$101,198	$125,515	-0.2%
Net Income	$1,312,221	$2,425,772	-0.5%

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
ROBERTA MARTIN	PRESIDENT/SE	2.30	Officer Director	$0	$0	$0
GREGORY ASNER	TREASURER	2.30	Officer Director	$0	$0	$0
CHRISTOPHER BALZOTTI	DIRECTOR	0.25	Director	$0	$0	$0
DAVID CARRUTHERS	DIRECTOR	0.30	Director	$0	$0	$0
KEALOHANUIOPUNA KINNEY	DIRECTOR	0.25	Director	$0	$0	$0
JEFF MORGAN	DIRECTOR	1.00	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	$1,413,419	$101,198	$4,687,868	$1,312,221
2023	$2,551,287	$125,515	$3,375,647	$2,425,772
2022	$811,659	$123,217	$949,875	$688,442
2021	$296,447	$52,666	$411,433	$243,781

HAWAII MARINE EDUCATION AND RESEARCH CENTER