KIHEI, HI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MRVA INC, founded in 2021, is a small nonprofit in the Education sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $596K exceeded revenue, resulting in a 120% operating deficit.
TO PROVIDE AND SUPPORT LEARNING OPPORTUNITIES FOR COLLEGE AND HIGH SCHOOL STUDENTS TO FURTHER THEIR SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH KNOWLEDGE AND INTERESTS VIA HANDS-ON EXPERIENCE.
MRVA FOCUSED MOST OF IT PROGRAM IN 2023 ON PARTICIPATING IN THE IAC AUTONOMOUS VEHICLE COMPETITION. THE PROGRAM BRINGS TOGETHER TALENTED UNIVERSITY STUDENTS (FOCUSED ON HAWAII BUT INCLUDES OTHERS) TO...
MRVA FOCUSED MOST OF IT PROGRAM IN 2023 ON PARTICIPATING IN THE IAC AUTONOMOUS VEHICLE COMPETITION. THE PROGRAM BRINGS TOGETHER TALENTED UNIVERSITY STUDENTS (FOCUSED ON HAWAII BUT INCLUDES OTHERS) TO PROVIDE HANDS-ON / MULTI-PERSON DEVELOPMENT EXPERIENCE TO ENRICH THEIR UNIVERSITY TRAINING IN ENGINEERING. THE STUDENTS ARE TASKED TO DEVELOP AN AUTONOMOUS SOFTWARE SYSTEM TO PERFORM AT VERY HIGH SPEED IN FULL SIZED VEHICLE. THEY ARE SUPPORTED BY STAFF, MENTORS, AND ADVISORS FROM SUPPORTING UNIVERSITIES AS WELL AS INDUSTRY. THE AIRACINGTECH TEAM CONSISTS ON BETWEEN 6-20 STUDENTS AND BUID THEIR FIRST SOFTWARE MODULES IN 2023. THEY COMPETED IN 2 INTERNATIONAL ROUNDS OF COMPETITION AND FINISHED IN THE TOP 8 IN BOTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $270,500 | $175,450 | +0.5% |
| Expenses | $596,389 | $455,733 | +0.3% |
| Net Income | $-325,889 | $-280,283 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WADE KOGLIN | VICE PRESIDE | 5.00 |
Officer
|
$33,842 | $0 | $33,842 |
| KEITH POWERS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| GARY PASSON | PRESIDENT/TR | 30.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $270,500 | $596,389 | $244,596 | $-325,889 |
| 2022 | $175,450 | $455,733 | $338,458 | $-280,283 |
| 2021 | $200,000 | $356,722 | $618,789 | $-156,722 |
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