MAKANA HALE COOPERATIVE (EIN 990321756) - 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

1995

Legal Domicile

Principal Officer

SHANE SMYTHE

Phone

8089427100

Tax Period

2024-01-01 to 2024-12-31

MAKANA HALE COOPERATIVE, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Net assets of $17.3M represent 156 months of operating reserves.

Mission

OPERATE A 126 UNIT LTD EQUITY HOUSING COOPERATIVE FOR VERY LOW AND MODERATE INCOME RESIDENTS.

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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 $1,212,880

Investment Income $56,626

Other Revenue $61,845

TOTAL REVENUE $1,331,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,455

Fundraising Expenses $0

Program Expenses $1,391,655

Other Expenses $1,131,748

TOTAL EXPENSES $1,397,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,331,351	$1,310,997	+0.0%
Expenses	$1,397,203	$1,530,715	-0.1%
Net Income	$-65,852	$-219,718	-0.7%

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
SHANE SMYTHE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BONNIE CARVALHO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAQUELINE KALAUWAHEA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK CORLISS	SGT OF ARMS	1.00	Officer Director	$0	$0	$0
SHELLY ANDRIN	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY GALZOTE	DIRECTOR	1.00	Director	$0	$0	$0
TRUDIIMARIE DAGUIO	DIRECTOR	1.00	Director	$0	$0	$0
SIUPOLU TAUAI	DIRECTOR	1.00	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	$1,331,351	$1,397,203	$17,596,208	$-65,852
2023	$1,310,997	$1,530,715	$17,733,345	$-219,718
2022	$1,266,929	$1,464,057	$17,153,481	$-197,128
2021	$1,207,302	$1,301,716	$17,343,479	$-94,414
2020	$1,210,418	$1,404,108	$17,458,806	$-193,690
2019	$1,105,150	$1,669,996	$17,649,929	$-564,846
2018	$1,079,667	$1,571,132	$18,179,811	$-491,465

MAKANA HALE COOPERATIVE