HEDCO LOCAL DEVELOPMENT CORPORATION

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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

1981

Legal Domicile

Principal Officer

SHAWN HIGA

Phone

8085216502

Tax Period

2024-10-01 to 2025-09-30

HEDCO LOCAL DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $236K, a strong 20% operating margin.

Mission

PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS

Program Service Accomplishments

Program 1

Expenses: $850,540 Revenue: $921,384

HEDCO LOCAL DEVELOPMENT CORPORATION PROVIDES FINANCING AND GROWTH AND DEVELOPMENT ASSISTANCE TO SMALL BUSINESSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, HEDCO LOCAL DEVELOPMENT PROVIDED...

HEDCO LOCAL DEVELOPMENT CORPORATION PROVIDES FINANCING AND GROWTH AND DEVELOPMENT ASSISTANCE TO SMALL BUSINESSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, HEDCO LOCAL DEVELOPMENT PROVIDED FINANCING TO 5 SMALL BUSINESSES.

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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 $921,384

Investment Income $264,372

Other Revenue $1,800

TOTAL REVENUE $1,187,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $722,233

Fundraising Expenses $0

Program Expenses $850,540

Other Expenses $229,541

TOTAL EXPENSES $951,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,187,556	$1,213,069	0.0%
Expenses	$951,774	$968,896	0.0%
Net Income	$235,782	$244,173	0.0%

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

$536,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD K HARBOTTLE	CHAIRMAN OF THE BOD	1.00	Director	$0	$0	$0
ROY AMEMIYA	DIRECTOR	1.00	Director	$0	$0	$0
WALTER KANEAKUA	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE YEH	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN MOW	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS K TANIMOTO	DIRECTOR	1.00	Director	$0	$0	$0
RANDI TSUSHIMA	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HO	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN HIGA	PRESIDENT/TREASURER	40.00	Officer	$197,031	$20,601	$217,632
NALIA FELIPE	SECRETARY	40.00	Officer	$99,245	$14,811	$114,056
ARLEEN A TARNAY	VICE PRESIDENT	32.00	Officer	$22,856	$2,164	$25,020
MYLES MIYACHI	VICE PRESIDENT	40.00	Officer	$150,568	$29,153	$179,721

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	$1,187,556	$951,774	$5,450,301	$235,782
2024	$1,213,069	$968,896	$5,236,633	$244,173
2023	$1,198,297	$973,701	$5,004,279	$224,596
2023	$1,198,297	$973,701	$5,004,279	$224,596
2022	$1,032,619	$1,028,380	$4,859,764	$4,239
2021	$1,272,757	$1,137,044	$4,872,076	$135,713
2020	$1,489,750	$904,963	$4,812,724	$584,787
2019	$1,230,560	$1,131,110	$4,264,799	$99,450
2018	$1,071,749	$1,003,362	$4,191,200	$68,387