OAHU ECONOMIC DEVELOPMENT BOARD (EIN 990229787) - 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

1984

Legal Domicile

Principal Officer

CATHERINE AWAKUNI COLON

Phone

8085213611

Tax Period

2023-01-01 to 2023-12-31

OAHU ECONOMIC DEVELOPMENT BOARD, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $207K, a strong 20% operating margin.

Mission

PROMOTE AND ENCOURAGE ECONOMIC GROWTH, DEVELOPMENT, AND DIVERSIFICATION WITHIN THE CITY AND COUNTY OF HONOLULU AND THE STATE OF HAWAII.

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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 $142,877

Program Service Revenue $906,467

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,049,344

Expense Breakdown

Grants Paid $5,520

Salaries & Benefits $577,146

Fundraising Expenses $0

Program Expenses $262,151

Other Expenses $259,552

TOTAL EXPENSES $842,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,049,344	$1,127,662	-0.1%
Expenses	$842,218	$1,218,551	-0.3%
Net Income	$207,126	$-90,889	-3.3%

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

$211,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ARIZUMI	EX-OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE NGO	EX-OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
COLBERT MATSUMOTO	EX-OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
DAVID TUMILOWICZ	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
JAN SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY H OVERTON	CHAIRMAN & DIRECTOR	2.00	Officer Director	$0	$0	$0
JEFFREY KD AU	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH VIOLA	DIRECTOR	2.00	Director	$0	$0	$0
KEITH YOSHIDA	DIRECTOR	2.00	Director	$0	$0	$0
MURRAY CLAY	DIRECTOR	2.00	Director	$0	$0	$0
MYRON THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
NELSON KM LAU	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
PATRICK SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN CAMPANIANO	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY JOHNS	DIRECTOR	2.00	Director	$0	$0	$0
TYLER TOKIOKA	VICE CHAIR & DIRECTOR	2.00	Officer Director	$0	$0	$0
VASSILIS SYRMOS	DIRECTOR	2.00	Director	$0	$0	$0
MAHINA PAISHON-DUARTE	DIRECTOR	2.00	Director	$0	$0	$0
NEILL CHAR	DIRECTOR	2.00	Director	$0	$0	$0
ROB LEE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J O'MALLEY	DIRECTOR	2.00	Director	$0	$0	$0
SARAH GUAY	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR QUANAN	DIRECTOR	2.00	Director	$0	$0	$0
RYDEN IWAMOTO	DIRECTOR	2.00	Director	$0	$0	$0
VIRGIL PACKETT II	DIRECTOR	2.00	Director	$0	$0	$0
LISA MARUYAMA	DIRECTOR	2.00	Director	$0	$0	$0
SHERI-ANN LAU CLARK	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ITO	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE COLON	PRESIDENT & CEO	60.00	Officer	$190,128	$21,090	$211,218

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	$1,049,344	$842,218	$1,283,565	$207,126
2022	$1,127,662	$1,218,551	$1,091,719	$-90,889
2021	$2,710,108	$1,871,622	$1,230,872	$838,486
2020	$1,157,707	$1,551,308	$375,571	$-393,601
2019	$2,088,931	$1,593,562	$757,732	$495,369
2018	$1,318,670	$1,318,411	$268,874	$259

OAHU ECONOMIC DEVELOPMENT BOARD