SAND ISLAND BUSINESS ASSOCIATION (EIN 990272513) - 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

1989

Legal Domicile

Principal Officer

KENT MATSUZAKI

Phone

8085877770

Tax Period

2024-07-01 to 2025-06-30

SAND ISLAND BUSINESS ASSOCIATION, founded in 1989, is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.2M in total revenue in fiscal year 2024. The organization ran a surplus of $6.0M, a strong 45% operating margin.

Mission

ORGANIZATION IS RESPONSIBLE UNDER A MASTER LEASE WITH THE STATE OF HAWAII FOR THE MANAGEMENT, SUBLEASE, AND DEVELOPMENT OF STATE LAND S AND ISLAND INDUSTRIAL PARK (73 ACRES)

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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 $12,937,442

Investment Income $240,567

Other Revenue $52,403

TOTAL REVENUE $13,230,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,007,248

Other Expenses $7,227,904

TOTAL EXPENSES $7,227,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,230,412	$13,461,008	0.0%
Expenses	$7,227,904	$18,836,843	-0.6%
Net Income	$6,002,508	$-5,375,835	-2.1%

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

N/A

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
JAMES STRIKER	PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
DARYL SUEHIRO	VICE PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
MATTHEW KANESHIRO	SECRETARY, DIRECTOR	1.00	Officer Director	$0	$0	$0
SCOTT OBARA	DIRECTOR	1.00	Director	$0	$0	$0
KENT MATSUZAKI	TREASURY,DIRECTOR	1.00	Officer Director	$0	$0	$0
CLYDE KANESHIRO	DIRECTOR	1.00	Director	$0	$0	$0
VAN GOTO	DIRECTOR	1.00	Director	$0	$0	$0
RITCHIE MUDD	DIRECTOR	1.00	Director	$0	$0	$0
MILTON HOLT	EXECUTIVE DIRECTOR	44.00	Key Emp	$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
2025	$13,230,412	$7,227,904	$24,824,861	$6,002,508
2024	$13,461,008	$18,836,843	$18,828,358	$-5,375,835
2023	$11,980,544	$13,167,156	$24,475,796	$-1,186,612
2022	$9,019,220	$10,946,771	$29,369,714	$-1,927,551
2021	$10,820,748	$10,909,121	$31,297,267	$-88,373
2020	$10,862,344	$11,123,665	$31,385,645	$-261,321
2019	$10,897,971	$11,167,581	$31,646,968	$-269,610

SAND ISLAND BUSINESS ASSOCIATION