HAWAII WALL & CEILING INDUSTRY ASSOCIATION

EIN: 990156443

HONOLULU, HI

Total Revenue
$332,087
Total Expenses
$322,198
Total Assets
$678,327
Net Assets
$678,327
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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
1965
Legal Domicile
HI
Principal Officer
MICHAEL MAZZONE
Phone
8088396517
Tax Period
2023-01-01 to 2023-12-31

HAWAII WALL & CEILING INDUSTRY ASSOCIATION, founded in 1965, is a small nonprofit that reported $332K in total revenue in fiscal year 2023. Net assets of $678K represent 25 months of operating reserves.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE A MORE COHESIVE ASSOCIATION AMONG THOSE ENGAGED IN THIS INDUSTRY AND FOR GENERAL MUTUAL PROTECTION; TO PROMOTE AND DEVELOP THE DRYWALL AND PLASTERERS INDUSTRIES; TO DISCOURAGE UNFAIR COMPETITION; TO PROMOTE JUST AND EQUITABLE PRINCIPLES IN BUSINESS CONDUCT; TO ADJUDICATE BY ARBITRATION OR OTHERWISE, ALL DIFFERENCES AMONG MEMBERS OR BETWEEN MEMBERS AND OTHERS; TO ASSOCIATE AND CONFER WITH OTHER BODIES FOR MUTUAL PROTECTION, ALL TO THE INTEREST AND PURPOSE THAT MEMBERSHIP IN THE ORGANIZATION SHALL BE AN ASSURANCE TO THE PUBLIC OF SKILL, HONORABLE REPUTATION AND FIDELITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $285,427
Investment Income $46,660
Other Revenue $0
TOTAL REVENUE $332,087

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $251,393
Other Expenses $292,198
TOTAL EXPENSES $322,198

Year-over-Year Comparison

2023 2022 Change
Revenue $332,087 $340,816 0.0%
Expenses $322,198 $304,983 +0.1%
Net Income $9,889 $35,833 -0.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GOODNIGHT PRESIDENT/VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
LITO ALCANTRA TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
KARL SINCLAIR SECRETARY/DIRECTOR 1.00
Director
$0 $0 $0
THOMAS LABANON DIRECTOR 1.00
Director
$0 $0 $0
AARON WALLEN DIRECTOR 1.00
Director
$0 $0 $0
CLYDE TAKATSUKI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MAZZONE PRESIDENT/VICE PRESIDENT 1.00
Officer
$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
2024 No data No data No data No data
2023 $332,087 $322,198 $678,327 $9,889
2022 $340,816 $304,983 $668,438 $35,833
2021 $283,224 $237,652 $632,605 $45,572
2020 $326,436 $220,222 $587,033 $106,214
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