HAWAII ECONOMIC DEVELOPMENT CORPORATION (EIN 990143650) - 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

1970

Legal Domicile

Principal Officer

LARRY ISHII

Phone

8085216502

Tax Period

2024-07-01 to 2025-06-30

HAWAII ECONOMIC DEVELOPMENT CORPORATION, founded in 1970, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $16K, a strong 68% operating margin.

Mission

TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE TO THE SMALL BUSINESS COMMUNITY THROUGH FEDERAL AND STATE PROGRAMS.

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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 $0

Program Service Revenue $0

Investment Income $2,636

Other Revenue $20,445

TOTAL REVENUE $23,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,480

TOTAL EXPENSES $7,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,081	$28,394	-0.2%
Expenses	$7,480	$4,935	+0.5%
Net Income	$15,601	$23,459	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ISHII	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
RANDY LU	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID PERKINS	DIRECTOR	0.50	Officer 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
2025	$23,081	$7,480	$2,293,258	$15,601
2024	$28,394	$4,935	$2,277,657	$23,459
2023	$15,180	$10,384	$2,254,198	$4,796
2022	$6,212	$11,968	$2,249,402	$-5,756
2021	$19,523	$19,182	$2,255,158	$341
2020	$18,973	$17,284	$2,254,817	$1,689
2019	$13,852	$18,579	$2,265,048	$-4,727
2018	$6,108	$16,766	$2,258,191	$-10,658

HAWAII ECONOMIC DEVELOPMENT CORPORATION