PALAMA SETTLEMENT (EIN 990074140) - 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

1910

Legal Domicile

Principal Officer

SAM AIONA

Phone

8088453945

Tax Period

2024-01-01 to 2024-12-31

PALAMA SETTLEMENT, founded in 1910, is a community nonprofit in the Crime & Legal sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 14% surplus.

Mission

PALAMA SETTLEMENT WAS ESTABLISHED IN 1896 AND INCORPORATED IN 1910 TO PARTNER WITH THOSE WHO HAVE THE GREATEST NEED IN OUR COMMUNITY, EMPOWERING THEM TO ENHANCE THEIR WELL-BEING THROUGH EDUCATION, HEALTH AND RECREATION.

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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 $2,410,611

Program Service Revenue $1,122,667

Investment Income $202,790

Other Revenue $176,957

TOTAL REVENUE $3,913,025

Expense Breakdown

Grants Paid $101,299

Salaries & Benefits $1,803,272

Fundraising Expenses $212,175

Program Expenses $2,235,814

Other Expenses $1,444,038

TOTAL EXPENSES $3,348,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,913,025	$2,766,488	+0.4%
Expenses	$3,348,609	$2,807,487	+0.2%
Net Income	$564,416	$-40,999	-14.8%

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

100

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

$376,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GLENN MEDEIROS	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTONET BARUT	BOARD FIRST VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JARED KASHIWABARA	BOARD SECOND VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM GILLASPIE	BOARD THIRD VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVIE-LYN TAKATA	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KALEOKALANI KURODA	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ISRAEL AVILLA	TRUSTEE	1.00	Director	$0	$0	$0
SILVAN CHUNG	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM ELLIOT	TRUSTEE	1.00	Director	$0	$0	$0
LOWELL GILLIA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HARROW	TRUSTEE	1.00	Director	$0	$0	$0
DR CHAD KOYANAGI	TRUSTEE	1.00	Director	$0	$0	$0
HARRIS NAKAMOTO	TRUSTEE	1.00	Director	$0	$0	$0
KATIE STEPHENS	TRUSTEE	1.00	Director	$0	$0	$0
NEIL TAGAWA	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR TOLENTINO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TSUDA	FORMER BOARD PRESIDENT	1.00	Director	$0	$0	$0
DANIEL LAM	FORMER TRUSTEE	1.00	Director	$0	$0	$0
WAYNE SUNAHARA	FORMER TRUSTEE	1.00	Director	$0	$0	$0
RANDY LEONG	FORMER TRUSTEE	1.00	Director	$0	$0	$0
CEDRIC YAMANAKA	FORMER TRUSTEE	1.00	Director	$0	$0	$0
SAM AIONA	EXECUTIVE DIRECTOR	40.00	Officer	$161,817	$15,139	$176,956
GWEN HONJO	DEPUTY DIRECTOR AND FINANCE ADMIN	40.00	Officer	$99,854	$12,637	$112,491
LECELY ANCHETA	HR AND BUSINESS OFFICE MANAGER	40.00	Officer	$77,360	$9,884	$87,244

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	$3,913,025	$3,348,609	$5,876,297	$564,416
2023	$2,766,488	$2,807,487	$5,639,456	$-40,999
2022	$2,449,014	$2,179,351	$5,289,425	$269,663
2021	$2,245,851	$2,233,695	$5,472,397	$12,156
2020	$3,051,832	$2,957,338	$5,177,598	$94,494
2019	$2,110,268	$2,149,601	$4,957,594	$-39,333
2018	$2,246,406	$2,024,182	$4,888,540	$222,224

PALAMA SETTLEMENT