THE WAIKIKI IMPROVEMENT ASSOCIATION (EIN 990118423) - 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

1967

Legal Domicile

Principal Officer

RICHARD H EGGED

Phone

8089231094

Tax Period

2023-01-01 to 2023-12-31

THE WAIKIKI IMPROVEMENT ASSOCIATION, founded in 1967, is a small nonprofit that reported $783K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $749K left a modest 4% surplus.

Mission

DEVOTED TO IMPROVING THE PHYSICAL AND SOCIAL ENVIRONMENT OF WAIKIKI, HAWAII

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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 $484,510

Program Service Revenue $0

Investment Income $89

Other Revenue $298,153

TOTAL REVENUE $782,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,580

Fundraising Expenses $54,529

Program Expenses $598,477

Other Expenses $365,371

TOTAL EXPENSES $748,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,752	$656,635	+0.2%
Expenses	$748,951	$654,484	+0.1%
Net Income	$33,801	$2,151	+14.7%

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

N/A

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

$355,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS FOTI	CHAIR	2.00	Officer Director	$0	$0	$0
JEFF LEE	DIRECTOR	1.00	Director	$0	$0	$0
CALEB KIM	DIRECTOR	1.00	Director	$0	$0	$0
DONALD KIM	DIRECTOR	1.00	Director	$0	$0	$0
TED TETSUYA KUBO	DIRECTOR	1.00	Director	$0	$0	$0
MAKI KURODA	DIRECTOR	1.00	Director	$0	$0	$0
REUBEN MACAPINLAC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TROY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
AMY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JON TAVARES	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE MOSIMAN	DIRECTOR	1.00	Director	$0	$0	$0
NEIL MURAKAMI	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE NAKAOKA	DIRECTOR	1.00	Director	$0	$0	$0
DON TAKAKI	DIRECTOR	1.00	Director	$0	$0	$0
HENRY PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
AARON KANEMARU	DIRECTOR	1.00	Director	$0	$0	$0
HIKARU UTSUGI	DIRECTOR	1.00	Director	$0	$0	$0
GLENN VERGARA	DIRECTOR	1.00	Director	$0	$0	$0
ERON HODGES	DIRECTOR	1.00	Director	$0	$0	$0
NEAL YOKOTA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE AKAU	DIRECTOR	1.00	Director	$0	$0	$0
PAM YAGI	DIRECTOR	1.00	Director	$0	$0	$0
TOM CALAME	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE CAMP	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL DAYOAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DIRKS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PLANT	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
JARRETT WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA HARGROVE	DIRECTOR	1.00	Director	$0	$0	$0
YUJI HATA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HERNANDEZ-SORIA	DIRECTOR	1.00	Director	$0	$0	$0
DAWN HIRAYAMA	DIRECTOR	1.00	Director	$0	$0	$0
JESSIKA FODOR	DIRECTOR	1.00	Director	$0	$0	$0
SAM SHENKUS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN GANHINHIN	DIRECTOR	1.00	Director	$0	$0	$0
JIM STEINER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER TOM	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN KAAA	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE NAKAYAMA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA TAM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
IRBY MORVANT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT MIYASATO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALIKA MAU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT INGWERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JERRY GIBSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DEBI BISHOP	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROB ROBINSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD H EGGED	PRESIDENT	40.00	Officer	$211,913	$29,667	$241,580
JOANN MORIMOTO	VICE PRESIDENT	40.00	Officer	$100,813	$13,578	$114,391

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	$782,752	$748,951	$387,250	$33,801
2022	$656,635	$654,484	$366,325	$2,151
2021	$496,473	$451,749	$352,835	$44,724
2020	$483,018	$556,593	$303,345	$-73,575
2019	$977,292	$972,456	$448,542	$4,836
2018	$676,554	$700,019	$331,833	$-23,465

THE WAIKIKI IMPROVEMENT ASSOCIATION