HAWAIIAN CANOE RACING ASSOCIATION (EIN 990175835) - 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

1963

Legal Domicile

Principal Officer

KERI MEHLING

Phone

8088568137

Tax Period

2024-01-01 to 2024-12-31

HAWAIIAN CANOE RACING ASSOCIATION, founded in 1963, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 346% from the prior year, signaling strong growth momentum. Expenses of $921K left a modest 11% surplus.

Mission

EDUCATION AND PROMOTION OF INTEREST IN HAWAIIAN CULTURE THROUGH KOA CANOE RACING.

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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 $285,713

Program Service Revenue $563,367

Investment Income $4

Other Revenue $182,878

TOTAL REVENUE $1,031,962

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $908,486

Other Expenses $910,726

TOTAL EXPENSES $920,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,962	$231,214	+3.5%
Expenses	$920,726	$192,526	+3.8%
Net Income	$111,236	$38,688	+1.9%

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

N/A

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
KERI MEHLING	VICE PRESIDE	4.00	Officer	$0	$0	$0
BARBARA QUERRY	TREASURER	2.00	Officer	$0	$0	$0
SAMANTHA MOIKEHA	RACE COMMISS	4.00	Officer	$0	$0	$0
CHARRAY NOE FOX	RACE SECRETA	4.00	Officer Director	$0	$0	$0
VIVIAN DELOS-REYES	DIRECTOR	1.00	Director	$0	$0	$0
ELI NAKAHARA	DIRECTOR	2.00	Director	$0	$0	$0
DANA MIYAKE	PRESIDENT	8.00	Officer	$0	$0	$0
TENLEY UEDA	DIRECTOR	1.00	Director	$0	$0	$0
STEFANIE HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
LIKO WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
KYM MARIE MOIKEHA	DIRECTOR	4.00	Director	$0	$0	$0
ELLE MIYAKE	DIRECTOR	1.00	Director	$0	$0	$0
LUANA FROISETH	DIRECTOR	1.00	Director	$0	$0	$0
LAPULE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MURAKAMI	SECRETARY	4.00	Officer	$0	$0	$0
KEAHI WARFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN CARTER	DIRECTOR	1.00	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
2024	$1,031,962	$920,726	$430,749	$111,236
2023	$231,214	$192,526	$368,174	$38,688
2022	$216,552	$110,717	$275,432	$105,835

HAWAIIAN CANOE RACING ASSOCIATION