HAWAII ASSOCIATION OF MORTGAGE BROK

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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

DARYN OGINO

Phone

8089835500

Tax Period

2023-01-01 to 2023-12-31

HAWAII ASSOCIATION OF MORTGAGE BROK, founded in 1995, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO: 1. PROMOTE THE COMMON BUSINESS INTERESTS OF THOSE ENGAGED IN THE MORTGAGE BROKERAGE INDUSTRY. 2. TO PROMOTE COOPERATIVE BUSINESS TRANSACTIONS AMONG ITS MEMBERS. TO PROVIDE A FORUM FOR THE EFFECTIVE EXCHANGE OF MORTGAGE BROKERAGE KNOWLEDGE, TRENDS, IDEAS AND INNOVATIONS. 3. TO PROMOTE AND ENHANCE THE IMAGE OF THE MORTGAGE BROKERAGE PROFESSIONAL THROUGHOUT THE STATE OF HAWAII. 4. TO FOSTER A BROAD UNDERSTANDING AND ACCEPTANCE OF PROFESSIONAL MORTGAGE BROKERING AS A SOURCE OF ALTERNATIVE FINANCING. 5. TO PROTECT THE MORTGAGE BROKERAGE INDUSTRY AND PUBLIC THROUGH LEGISLATIVE ACTIONS. 6. TO PROMOTE THE HIGHEST STANDARDS OF PROFESSIONAL PRACTICE AND MORTGAGE BROKERING ETHICS. 7. TO PROMOTE A COOPERATIVE LIAISON WITH OTHER RELATED PROFESSIONAL GROUPS. 8. TO DO ANY AND ALL THINGS THAT ARE LAWFUL AND APPROPRIATE IN THE FURTHERANCE OF THESE PURPOSES.

Program Service Accomplishments

Program 1

ANNUAL CONFERENCE - OUR ANNUAL CONFERENCE IS FOR ALL OF THE HAWAII MORTGAGE INDUSTRY BROKERS IN HAWAII, MEMBERS, AND NON-MEMBERS. MEMBERS GET A DISCOUNTED PRICE. THE CONFERENCE FOCUSES ON CONTINUING EDUCATION CREDITS FOR LICENSING, AS WELL AS NETWORKING FOR MEMBERS. WE HAVE A TRADESHOW, WITH THE DIFFERENT LENDERS AS WELL, FOR THE BROKER MEMBERS TO GET TO MEET AND FIND OUT ABOUT THEIR DIFFERENT MORTGAGE PRODUCTS.

Program 2

THE SEMINARS ARE ADVERTISED AS SMALLER EVENTS, WHERE WE USUALLY OFFER SOME FOOD, AND A TOPIC SPEAKER, SUCH AS ECONOMY OF THE OAHU REAL ESTATE ENVIRONMENT, OR CREDIT SCORING....HOW TO GROOM YOUR...

THE SEMINARS ARE ADVERTISED AS SMALLER EVENTS, WHERE WE USUALLY OFFER SOME FOOD, AND A TOPIC SPEAKER, SUCH AS ECONOMY OF THE OAHU REAL ESTATE ENVIRONMENT, OR CREDIT SCORING....HOW TO GROOM YOUR CLIENTS TO PREPARE FOR APPLYING FOR A MORTGAGE; OR A ROUND TABLE OF 4 LENDERS OR MORE, WHO TEACH OUR MORTGAGE BROKERS ABOUT THEIR PRODUCTS....WHO FITS THE PRODUCT, WHAT SITUATIONS YOU MIGHT WANT TO USE THEIR PRODUCT, ETC.

Program 3

HOLIDAY BANQUET: MEETING HELD FOR INSTALLATION OF OFFICERS AND PROVIDE OPPORTUNITIES FOR MEMBER NETWORKING.

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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 $12,784

Program Service Revenue $41,551

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $63,002

TOTAL EXPENSES $63,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,335	$92,616	-0.4%
Expenses	$63,002	$88,362	-0.3%
Net Income	$-8,667	$4,254	-3.0%

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

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
ANGEL BERGER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BIRD	SECRETARY	0.50	Officer Director	$0	$0	$0
DARRON CARSON	DIRECTOR	0.50	Director	$0	$0	$0
DARCI LEE HARRIS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DAVID IGE	DIRECTOR	0.50	Director	$0	$0	$0
JAIMEE MANAGO	DIRECTOR	0.50	Director	$0	$0	$0
JUDITH MEREDITH	PRESIDENT	0.50	Officer Director	$0	$0	$0
WAYDE NAKASONE	DIRECTOR	0.50	Director	$0	$0	$0
DARYN OGINO	TREASURER	0.50	Officer Director	$0	$0	$0
CHRISTINE PARKE	DIRECTOR	0.50	Director	$0	$0	$0
PAIGE SU	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN WARE	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$54,335	$63,002	$86,349	$-8,667
2022	$92,616	$88,362	$96,169	$4,254
2021	$29,101	$40,660	$87,193	$-11,559
2020	$42,855	$44,982	$98,364	$-2,127
2019	$74,528	$76,790	$100,491	$-2,262
2018	$70,421	$83,042	$102,753	$-12,621