HAWAII SOLAR ENERGY ASSOCIATION INC

EIN: 990182479 Public & Societal Benefit

HONOLULU, HI

Total Revenue
$230,648
Total Expenses
$167,257
Total Assets
$158,044
Net Assets
$158,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
HI
Principal Officer
CAROLINE CARL
Phone
8082328371
Tax Period
2022-01-01 to 2022-12-31

HAWAII SOLAR ENERGY ASSOCIATION INC, founded in 1977, is a small nonprofit in the Public & Societal Benefit sector that reported $231K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 27% operating margin.

Mission

HAWAII SOLAR ENERGY ASSOCIATION, INC. WORKS TO FOSTER THE USE OF CLEAN, SUSTAINABLE, RENEWABLE TECHNOLOGY IN HAWAII. COMPRISED OF INSTALLERS, MANUFACTURERS, AUDITORS, AND FINANCIERS OF SOLAR WATER HEATERS, PHOTOVOLTAIC SYSTEMS, ENERGY STORAGE SYSTEMS, ENERGY EFFICIENCY EQUIPMENT AND OTHER RENEWABLE TECHNOLOGY, THE MAJORITY OF OUR MEMBER COMPANIES ARE LOCALLY OWNED AND OPERATED MAKING HAWAII SOLAR ENERGY ASSOCIATION, INC. THE LEADING VOICE OF HAWAII'S SOLAR INDUSTRY.

Program Service Accomplishments

Program 1

PROMOTE, ESTABLISH AND MAINTAIN STANDARDS OF EXCELLENCE, QUALITY AND PROFESSIONALISM IN THE RENEWABLE ENERGY INDUSTRY; STIMULATE THE DEVELOPMENT OF FREE INTERCHANGE OF INFORMATION ACCROSS THE...

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PROMOTE, ESTABLISH AND MAINTAIN STANDARDS OF EXCELLENCE, QUALITY AND PROFESSIONALISM IN THE RENEWABLE ENERGY INDUSTRY; STIMULATE THE DEVELOPMENT OF FREE INTERCHANGE OF INFORMATION ACCROSS THE INDUSTRY AND WITHIN EACH SECTOR; AND ADVOCATE FOR THE BETTERMENT OF THE CONDITIONS OF THOSE ENGAGED IN THE INDUSTRY BY PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION THAT WILL GIVE DIRECTION AND LEAD TO REMEDIAL AND OTHER MEASURES ADDRESSING THESE OBJECTIVES. SUCH FORUMS INCLUDE THE SPONSORSHIP OF EVENTS SUCH AS SEMINARS, CONFERENCES AND SIMILAR ACTIVITIES WHERE MEMBERS MEET INDUSTRY COLLEAGUES AND LEADERS WHERE IDEAS, OPPORTUNITIES AND COMMON INDUSTRY MATTERS ARE SHARED. THERE WERE APPROXIMATELY 62 MEMBER COMPANIES IN 2022.

Program 2

WE ENGAGE IN EFFORTS THAT SUPPORT POSITIVE REFORM TO STRENGTHEN THE INDUSTRY'S PROFESSIONALISM IN VARIOUS AREAS OF COMMON INTEREST, INCLUDING SAFETY AND HEALTH PRACTICES; CONTINUING EDUCATION...

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WE ENGAGE IN EFFORTS THAT SUPPORT POSITIVE REFORM TO STRENGTHEN THE INDUSTRY'S PROFESSIONALISM IN VARIOUS AREAS OF COMMON INTEREST, INCLUDING SAFETY AND HEALTH PRACTICES; CONTINUING EDUCATION; QUALITY ASSURANCE; AND COST STRUCTURE THROUGH ADVANCEMENT OF EDUCATION; DISSEMINATION OF INFORMATION; AND LEGISLATIVE SUPPORT, INCLUDING MAKING AVAILABLE NONPARTISAN ANALYSIS, STUDY OR RESEARCH; PROVIDING ADVICE AND ASSISTANCE TO LEGISLATIVE COMMITTEES UPON REQUEST; AND EDUCATING THE COMMUNITY AND MEMBERS REGARDING LEGISLATION OR PROPOSED LEGISLATION IN FURTHERANCE OF THESE PURPOSES. WE CONVENE AND NURTURE RELATIONSHIPS AMONG COMMUNITY MEMBERS, GOVERNMENT, PRIVATE AND PUBLIC SECTOR INDUSTRY BUSINESSES, AND EXPERTS TO DISCUSS, IDENTIFY AND COOPERATE IN DEVELOPING PLANS AND POLICIES ON ISSUES RELATING TO THE SECURE AND SUSTAINABLE SOURCES OF RENEWABLE ENERGY.WE EXPAND THE UNDERSTANDING OF GOVERNMENTAL BODIES AND OTHER STAKEHOLDERS ON ISSUES RELATING TO RENEWABLE ENERGY BY PROVIDING INFORMATION AND INSTRUCTION DIRECTED AT THE SOLUTION OF LONG TERM SUSTAINABLE TECHNOLOGIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $204,900
Program Service Revenue $25,748
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,648

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,080
Fundraising Expenses $0
Other Expenses $66,177
TOTAL EXPENSES $167,257

Year-over-Year Comparison

2022 2021 Change
Revenue $230,648 $143,247 +0.6%
Expenses $167,257 $102,017 +0.6%
Net Income $63,391 $41,230 +0.5%
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
8
Independent Members
8
Employees
1
Volunteers
8

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
5
$90,885
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS DEBONE PRESIDENT 2.00
Officer Director
$0 $0 $0
BRIAN GOLD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ROY SKAGGS SECRETARY 2.00
Officer Director
$0 $0 $0
CAROLINE CARL TREASURER 2.00
Officer Director
$0 $0 $0
RUDOLF CHRIST DIRECTOR 2.00
Director
$0 $0 $0
TED PECK DIRECTOR 2.00
Director
$0 $0 $0
JORDAN LITTLE DIRECTOR 2.00
Director
$0 $0 $0
MARIA SABIO DIRECTOR 2.00
Director
$0 $0 $0
ROBERT MOULD EXECUTIVE DIRECTOR 40.00
Officer
$90,885 $0 $90,885
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
2022 $230,648 $167,257 $158,044 $63,391
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