HAWAII COMMUNITY REINVESTMENT CORPORATION (EIN 990282148) - 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

1990

Legal Domicile

Principal Officer

HEATHER PIPER

Phone

8085323110

Tax Period

2024-01-01 to 2024-12-31

HAWAII COMMUNITY REINVESTMENT CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $860K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $400K, a strong 47% operating margin.

Mission

THE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.

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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 $665,123

Program Service Revenue $165,886

Investment Income $28,682

Other Revenue $0

TOTAL REVENUE $859,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,223

Fundraising Expenses $0

Program Expenses $354,652

Other Expenses $203,993

TOTAL EXPENSES $459,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$859,691	$977,873	-0.1%
Expenses	$459,216	$448,823	+0.0%
Net Income	$400,475	$529,050	-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

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

$199,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN LUKE	CHAIRMAN & S	1.00	Officer Director	$0	$0	$0
SCOTT HAYASHI	TREASURER/DI	1.00	Officer Director	$0	$0	$0
AMY ASSELBAYE	DIRECTOR	0.50	Director	$0	$0	$0
ROY KATSUDA	DIRECTOR	0.50	Director	$0	$0	$0
TONY MIZUNO	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT VAN TASSEL	DIRECTOR	0.50	Director	$0	$0	$0
ANDREANA REYES	DIRECTOR	0.50	Director	$0	$0	$0
DARREN UEKI	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER PIPER	EXECUTIVE DI	45.00	Officer	$169,993	$29,899	$199,892

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	$859,691	$459,216	$6,221,247	$400,475
2023	$977,873	$448,823	$5,222,126	$529,050
2022	$403,580	$325,677	$3,723,033	$77,903
2021	$373,712	$401,768	$4,069,183	$-28,056
2020	$2,573,175	$2,119,091	$4,210,648	$454,084
2019	$346,117	$433,439	$3,360,479	$-87,322
2018	$2,401,942	$2,292,800	$3,451,579	$109,142

HAWAII COMMUNITY REINVESTMENT CORPORATION