KAUAI ECONOMIC DEVELOPMENT BOARD (EIN 990231581) - 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

JACLYN K KAINA

Phone

8082456692

Tax Period

2023-01-01 to 2023-12-31

KAUAI ECONOMIC DEVELOPMENT BOARD, founded in 1984, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 5% surplus.

Mission

TO DEVELOP INNOVATIVE, EFFECTIVE PARTNERSHIPS WITH PUBLIC, PRIVATE, NON- PROFIT, AND OTHER COMMUNITY SECTORS TO ACCOMPLISH SHARED GOALS FOR A STRONG ECONOMY.

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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 $1,717,230

Program Service Revenue $111,103

Investment Income $11

Other Revenue $-40,723

TOTAL REVENUE $1,787,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,726

Fundraising Expenses $0

Program Expenses $1,301,600

Other Expenses $1,395,767

TOTAL EXPENSES $1,689,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,787,621	$960,497	+0.9%
Expenses	$1,689,493	$947,015	+0.8%
Net Income	$98,128	$13,482	+6.3%

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

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
LAURIE YOSHIDA	CHAIRMAN	8.00	Officer Director	$0	$0	$0
FRED COWELL	DIRECTOR/VIC	6.00	Officer Director	$0	$0	$0
LELAND KAHAWAI	DIRECTOR/TRE	6.00	Officer Director	$0	$0	$0
PATRICK ONO	DIRECTOR/SEC	6.00	Officer Director	$0	$0	$0
JASON BRYANT	AT-LARGE DIR	2.00	Officer Director	$0	$0	$0
SUE KANOHO	DIRECTOR	2.00	Director	$0	$0	$0
SAM PRATT	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN CHUN	AT-LARGE DIR	2.00	Director	$0	$0	$0
ANN SOKEI	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$1,787,621	$1,689,493	$1,637,950	$98,128
2022	$960,497	$947,015	$1,465,906	$13,482
2021	$269,382	$748,955	$1,422,710	$-479,573
2020	$2,262,412	$2,005,220	$1,980,408	$257,192
2019	$228,610	$534,654	$1,658,029	$-306,044
2018	$340,472	$485,580	$1,950,509	$-145,108

KAUAI ECONOMIC DEVELOPMENT BOARD