KULEANA CORAL REEFS

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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

2019

Legal Domicile

Principal Officer

ALEXANDER P GARCIA

Phone

8082201964

Tax Period

2024-01-01 to 2024-12-31

KULEANA CORAL REEFS, founded in 2019, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 16% operating margin.

Program Service Accomplishments

Program 1

Expenses: $297,271 Revenue: $250,855

ASSISTED MALAMA MAUNALUA WITH DIRECT CORAL RESTORATION AND OUTREACH PROJECTS IN MAUNALUA BAY, OAHU, HAWAII AND SITE AND PARTNERSHIP SCOUTING ON MAUI. MONIES USED FOR STAFF PAYROLL, PROGRAM EQUIPMENT PURCHASE, PROGRAM SUPPLIES, SUPPORT FEES - INSURANCE AND FUEL, PARTNER CONTRACTURAL SERVICES AND TRAVEL COSTS.

Program 2

Expenses: $239,938

OTHER GRANTS EXPENDITURES.

Program 3

Expenses: $142,138 Revenue: $147,205

TRAINING OF EIGHT STUDENTS INCLUDING OPEN WATER, RESCUE DIVING CERTIFICATIONS, FIRST AID/AED/CPR CERTIFICATIONS, AND CORAL RESTORATION TRAINING/ACTIVITIES. MONIES USED FOR STAFF PAYROLL, STUDENT...

TRAINING OF EIGHT STUDENTS INCLUDING OPEN WATER, RESCUE DIVING CERTIFICATIONS, FIRST AID/AED/CPR CERTIFICATIONS, AND CORAL RESTORATION TRAINING/ACTIVITIES. MONIES USED FOR STAFF PAYROLL, STUDENT STIPENDS, SCUBA AND PROGRAM EQUIPMENT, SUPPORT FEES - INSURANCE AND FUEL, AND PARTNER CONTRACTURAL SERVICES.

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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 $1,246,015

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,246,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,170

Fundraising Expenses $0

Program Expenses $750,758

Other Expenses $522,255

TOTAL EXPENSES $1,051,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,015	$993,036	+0.3%
Expenses	$1,051,425	$688,103	+0.5%
Net Income	$194,590	$304,933	-0.4%

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

$73,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER P GARCIA	EXEC DIRECTOR	30.00	Officer	$73,558	$0	$73,558
DANIEL DEMARTINI	PRESIDENTDIRECTOR OF SCIENCE	30.00	Officer Director	$0	$0	$0
MICHELLE VAN TASSEL	SECRETARY	1.00	Officer Director	$0	$0	$0
STAN KIMURA	TREASURE	1.00	Officer Director	$0	$0	$0
KAPONO KALUHIOKALANI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PARRY	DIRECTOR	1.00	Director	$0	$0	$0
SWEETIE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DUANE DESOTO	DIRECTOR	0.00	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	$1,246,015	$1,051,425	$685,738	$194,590
2023	$993,036	$688,103	$440,037	$304,933
2022	$232,984	$212,606	$126,839	$20,378