PAPAKOLEA COMMUNITY DEVELOPMENT CO… - 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

1999

Legal Domicile

Principal Officer

LILIA KAPUNIAI

Phone

8085208998

Tax Period

2023-01-01 to 2023-12-31

PAPAKOLEA COMMUNITY DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $523K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $609K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE SELF-DETERMINATION BY MANAGING ITS RESOURCES, DEVELOPING STRONG AND EFFECTIVE COMMUNITY LEADERS AND MOBILIZING BROAD-BASED COMMUNITY PARTICIPATION IN CIVIC LIFE.

Program Service Accomplishments

Program 1

Expenses: $532,605 Revenue: $58,745

PROVIDED A CLEAN AND SAFE ENVIRONMENT FOR ALL PAPAKOLEA COMMUNITY PARK AND CENTER FACILITY USERS WHO DIRECTLY SERVE THE RESIDENTS OF THE PAPAKOLEA HAWAIIAN HOMESTEAD COMMUNITIES AND THE COMMUNITY AT LARGE. FACILITY USERS INCLUDE KULA NO NA PO'E HAWAI'I, PARTNERS IN DEVELOPMENT TUTU AND ME PROGRAM, POSSIBILITIES PLACE CHRISTIAN MINISTRY AND FELLOWSHIP, HALAU KAULAKAHI, NA LOMILOMI O PAPAKOLEA, ALU LIKE, INC., TEAM PAPAKOLEA JIU JITSU, PACIFIC ROLLER DERBY, AND MORE. OPERATED A COMMERCIAL KITCHEN AND COMMUNITY TECHNOLOGY CENTER, OPERATES THE PAPAKOLEA COMMUNITY CAPACITY BUILDING PROGRAM, KUPUA'E PAPAKOLEA'S YOUTH INTERSESSION PROGRAM, AND THE ANNUAL PAPAKOLEA PA'INA A COMMUNITY CELEBRATION, AND CREATED PAPAKOLEA'S FIRST COMMUNTIY SCHOLARSHIP PROGRAM.

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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 $454,517

Program Service Revenue $58,745

Investment Income $0

Other Revenue $10,000

TOTAL REVENUE $523,262

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $163,148

Fundraising Expenses $19,164

Program Expenses $532,605

Other Expenses $442,213

TOTAL EXPENSES $608,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$523,262	$941,861	-0.4%
Expenses	$608,861	$760,497	-0.2%
Net Income	$-85,599	$181,364	-1.5%

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

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

$90,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON MATSUOKA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICH PEDRINA	SECRETARY	2.00	Officer Director	$0	$0	$0
KUUIPO ENOS	PRESIDENT	2.00	Officer Director	$0	$0	$0
SAMUEL KAINA	DIRECTOR	2.00	Director	$0	$0	$0
TERESA MAKUAKANE-DRECHSEL	TREASURER	2.00	Officer Director	$0	$0	$0
LILIA KAPUNIAI	EXECUTIVE DIRECTOR	20.00	Officer	$86,000	$4,043	$90,043

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	$523,262	$608,861	$896,445	$-85,599
2019	$613,944	$416,149	$712,154	$197,795
2018	$295,897	$325,459	$472,295	$-29,562
2017	$156,312	$187,315	$462,983	$-31,003

PAPAKOLEA COMMUNITY DEVELOPMENT CORPORATION