The Hanalei Initiative Inc (EIN 831572601) - 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

2018

Legal Domicile

Principal Officer

Hermina Morita

Phone

8086352074

Tax Period

2024-01-01 to 2024-12-31

The Hanalei Initiative Inc, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.6M left a modest 10% surplus.

Mission

Building strong networks and partnerships to drive impactful actions to malama our Kauai north shore community to thrive.

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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 $957,508

Program Service Revenue $6,405,840

Investment Income $39,015

Other Revenue $0

TOTAL REVENUE $7,402,363

Expense Breakdown

Grants Paid $10,160

Salaries & Benefits $1,396,617

Fundraising Expenses $277

Program Expenses $6,551,634

Other Expenses $5,233,854

TOTAL EXPENSES $6,640,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,402,363	$6,582,969	+0.1%
Expenses	$6,640,631	$6,707,311	0.0%
Net Income	$761,732	$-124,342	-7.1%

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

$106,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Guy	Executive Dir.	40.00	Officer	$106,236	$0	$106,236
Alanna Bauman	Treasurer	0.70	Officer Director	$0	$0	$0
Amy Frazier	Vice President	0.70	Officer Director	$0	$0	$0
Hermina Morita	President	2.00	Officer Director	$0	$0	$0
Megan McCullough	Secretary	0.70	Officer Director	$0	$0	$0
Mason Chock	Director	0.70	Director	$0	$0	$0
Monica Belz	Director	0.30	Director	$0	$0	$0
Janet Kass	Director	1.60	Director	$0	$0	$0
John Cook	Director	0.10	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	$7,402,363	$6,640,631	$3,133,932	$761,732
2023	$6,582,969	$6,707,311	$2,348,263	$-124,342
2022	$6,249,366	$5,841,317	$2,466,066	$408,049
2021	$2,981,213	$1,911,902	$2,058,017	$1,069,311
2020	$730,788	$915,259	$859,747	$-184,471
2019	$2,046,447	$1,188,246	$1,044,218	$858,201
2018	$182,180	$50,999	$131,181	$131,181

The Hanalei Initiative Inc