HAWAII ISLAND ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

JACQUI L HOOVER

Phone

8089352180

Tax Period

2023-10-01 to 2024-09-30

HAWAII ISLAND ECONOMIC DEVELOPMENT BOARD, founded in 1984, is a micro nonprofit in the Crime & Legal sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE AND PROMOTE PRIVATE SECTOR SUPPORT AND EXPERTISE FOR BALANCED GROWTH IN HAWAI'I COUNTY IN PARTNERSHIP WITH FEDERAL, STATE, COUNTY AND PRIVATE RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $569 Revenue: $7,000

HIEDB FY 2023-24 PROGRAM 1 - HAWAII ENERGY CONFERENCE:REVENUE: $7,000 HIEDB SERVED AS A CONSULTANT AND PROGRAM CHAIR FOR THE 2024 HAWAII ENERGY CONFERENCE, HELD ON MAY 2223, 2024, AT THE MAUI ARTS &...

Program 2

Expenses: $4,237 Revenue: $10,602

HIEDB FY 2023-24 PROGRAM 2 - 39TH ANNUAL SPACE SYMPOSIUMREVENUE: $3,202 THE SPACE SYMPOSIUM IS A FORUM FOR GLOBAL SPACE LEADERS TO DISCUSS, ADDRESS, AND PLAN FOR THE FUTURE OF SPACE. RECOGNIZING THE SIGNIFICANT OPPORTUNITIES IN ASTRONOMY, AVIATION, AND AEROSPACE INITIATIVES ON HAWAII ISLAND, HIEDB PARTICIPATED IN THE HAWAII EXHIBIT AT THE 39TH SPACE SYMPOSIUM IN COLORADO SPRINGS, COLORADO, FROM APRIL 8-11, 2024.

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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 $42,500

Program Service Revenue $10,602

Investment Income $0

Other Revenue $7,444

TOTAL REVENUE $60,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,656

Fundraising Expenses $562

Program Expenses $5,396

Other Expenses $38,297

TOTAL EXPENSES $91,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,546	$110,018	-0.4%
Expenses	$91,953	$110,474	-0.2%
Net Income	$-31,407	$-456	+67.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK ERSKINE	DIRECTOR	5.00	Director	$0	$0	$0
BRANDON MAILHOT	DIRECTOR	5.00	Director	$0	$0	$0
NAHUA GUILLOZ	CHAIR	5.00	Officer Director	$0	$0	$0
GREG CHUN	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD HENDERSON	DIRECTOR	5.00	Director	$0	$0	$0
LEE ANN SILVA	DIRECTOR	5.00	Director	$0	$0	$0
ADAM BAUER	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL KALEIKINI	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES TAKAMINE	TREASURER	5.00	Director	$0	$0	$0
JENNIFER ZELKO-SCHLUETER	IMMEDIATE PAST CHAIR	5.00	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	$60,546	$91,953	$50,922	$-31,407
2023	$110,018	$110,474	$82,712	$-456
2022	$88,325	$103,606	$83,878	$-15,281
2021	$113,126	$93,358	$91,884	$19,768
2020	$99,277	$98,640	$83,772	$637
2019	$137,516	$150,288	$84,159	$-12,772
2018	$147,926	$148,200	$111,031	$-274

HAWAII ISLAND ECONOMIC DEVELOPMENT BOARD