MUTUAL HOUSING ASSOCIATION OF HAWAII (EIN 990308739) - 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

1992

Legal Domicile

Principal Officer

DAVID NAKAMURA

Phone

8085500804

Tax Period

2023-01-01 to 2023-12-31

MUTUAL HOUSING ASSOCIATION OF HAWAII, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $431K, a strong 28% operating margin.

Mission

TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME.

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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 $360,750

Program Service Revenue $986,650

Investment Income $216,069

Other Revenue $212

TOTAL REVENUE $1,563,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $495,918

Fundraising Expenses $24,795

Program Expenses $173,742

Other Expenses $636,717

TOTAL EXPENSES $1,132,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,563,681	$1,341,788	+0.2%
Expenses	$1,132,635	$970,777	+0.2%
Net Income	$431,046	$371,011	+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

$211,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE DARBY	PRESIDENT	0.10	Officer Director	$0	$0	$0
AARIN GROSS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DEBORA HALBERT	SECRETARY	0.10	Officer Director	$0	$0	$0
RYAN ARFMAN	TREASURER	0.10	Officer Director	$0	$0	$0
DOROTHY LETTS	DIRECTOR	0.10	Director	$0	$0	$0
KELLY WALSH	DIRECTOR	0.10	Director	$0	$0	$0
JANE SAWYER	DIRECTOR	0.10	Director	$0	$0	$0
LYNN MCCRORY	DIRECTOR	0.10	Director	$0	$0	$0
DAVID NAKAMURA	EXECUTIVE DIRECTOR	55.00	Officer	$210,936	$420	$211,356

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	$1,563,681	$1,132,635	$15,864,969	$431,046
2022	$1,341,788	$970,777	$15,414,376	$371,011
2021	$3,919,467	$1,328,900	$14,773,383	$2,590,567
2020	$1,705,222	$1,224,685	$12,323,001	$480,537
2019	$879,447	$1,036,731	$11,563,545	$-157,284
2018	$1,064,869	$903,810	$11,310,881	$161,059

MUTUAL HOUSING ASSOCIATION OF HAWAII