WAILEA COMMUNITY ASSOCIATION (EIN 990254085) - 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

1987

Legal Domicile

Principal Officer

LLOYD ETTINGER

Phone

8088746866

Tax Period

2023-01-01 to 2023-12-31

WAILEA COMMUNITY ASSOCIATION, founded in 1987, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Expenses of $3.6M left a modest 7% surplus.

Mission

EXEMPT PURPOSE OF THE ORGANIZATION IS TO OPERATE, MANAGE, ADMINISTER, MAINTAIN, AND LANDSCAPE VARIOUS COMMON PROPERTY, AS DEFINED IN THE CC&RS/BYLAWS. TO PERFORM AND PROVIDE FOR VARIOUS SERVICES NECESSARY OR DESIRABLE FOR THE BENEFIT OF THE OWNERS AND OCCUPANTS.

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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 $0

Program Service Revenue $3,829,854

Investment Income $66,057

Other Revenue $1,094

TOTAL REVENUE $3,897,005

Expense Breakdown

Grants Paid $168,115

Salaries & Benefits $2,013,161

Fundraising Expenses $0

Program Expenses $2,530,139

Other Expenses $1,445,053

TOTAL EXPENSES $3,626,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,897,005	$3,757,601	+0.0%
Expenses	$3,626,329	$3,540,571	+0.0%
Net Income	$270,676	$217,030	+0.2%

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

$205,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD ETTINGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC GERLACH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MAYNARD TORCHIANA	TREASURER	1.00	Officer Director	$0	$0	$0
ANNE TAKABUKI	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN WARD	CLASS A DIRE	1.00	Director	$0	$0	$0
MICHAEL PYE	CLASS A DIRE	1.00	Director	$0	$0	$0
KALEO KENUI	CLASS A DIRE	1.00	Director	$0	$0	$0
MELANIE TAKUSHI	CLASS B DIRE	1.00	Director	$0	$0	$0
DAVID GOODE	CLASS B DIRE	1.00	Director	$0	$0	$0
FRANK PIKRONE	MANAGER	40.00	Officer	$191,374	$13,988	$205,362

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	$3,897,005	$3,626,329	$3,618,570	$270,676
2022	$3,757,601	$3,540,571	$3,280,303	$217,030
2021	$3,847,965	$3,373,124	$3,409,971	$474,841
2020	$2,761,194	$3,490,728	$2,661,701	$-729,534
2019	$3,857,274	$3,631,117	$3,526,201	$226,157
2018	$3,647,313	$3,283,411	$3,701,663	$363,902

WAILEA COMMUNITY ASSOCIATION