HALEAKALA WALDORF SCHOOL (EIN 990151085) - 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

1972

Legal Domicile

Principal Officer

KONSTANCE PALMORE

Phone

8088782511

Tax Period

2023-07-01 to 2024-06-30

HALEAKALA WALDORF SCHOOL, founded in 1972, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 15% surplus.

Mission

THE SCHOOL'S MISSION IS TO DEVELOP EACH CHILD'S FULLEST HUMAN POTENTIAL BY EDUCATING THEIR MINDS, BODIES, AND SPIRITS THROUGH AN ARTS BASED, EXPERIENTIAL CURRICULUM.

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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 $526,159

Program Service Revenue $4,759,664

Investment Income $30,985

Other Revenue $1,040,638

TOTAL REVENUE $6,357,446

Expense Breakdown

Grants Paid $1,108,617

Salaries & Benefits $3,481,685

Fundraising Expenses $82,154

Program Expenses $4,600,207

Other Expenses $835,807

TOTAL EXPENSES $5,426,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,357,446	$4,768,908	+0.3%
Expenses	$5,426,109	$5,311,468	+0.0%
Net Income	$931,337	$-542,560	-2.7%

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

410

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

$175,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSE PARKER	PRESIDENT	3.50	Officer Director	$0	$0	$0
DAVID TAYLOR	VICE PRESIDE	3.50	Officer Director	$0	$0	$0
SARAH MARTINS	SECRETARY	3.50	Officer Director	$0	$0	$0
SHANNON RUSNAK	TREASURER	3.50	Officer Director	$0	$0	$0
DAVE FUTCH	DIRECTOR	3.50	Director	$0	$0	$0
BRIAN HEUSTIS	DIRECTOR	3.50	Director	$0	$0	$0
MICHAEL KEENEY	DIRECTOR	3.50	Director	$0	$0	$0
SHARON MIELBRECHT	DIRECTOR	3.50	Director	$0	$0	$0
KONSTANCE PALMORE	OPERATIONS D	40.00	Officer	$85,299	$4,454	$89,753
MATTHEW CLEMENT	PAST OP DIRE	40.00	Officer	$81,041	$4,859	$85,900

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	No data	No data	No data	No data
2024	$6,357,446	$5,426,109	$4,082,509	$931,337
2023	$4,768,908	$5,311,468	$2,763,751	$-542,560
2022	$4,848,736	$4,872,013	$2,721,050	$-23,277
2021	$4,271,003	$4,590,135	$3,574,814	$-319,132
2020	$4,332,708	$4,805,068	$3,461,239	$-472,360
2019	$4,837,832	$4,610,188	$3,920,883	$227,644
2018	$4,721,279	$4,489,601	$4,041,659	$231,678

HALEAKALA WALDORF SCHOOL