MAUI HEALTH FOUNDATION

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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

1996

Legal Domicile

Principal Officer

MELINDA SWEANY

Phone

8082422630

Tax Period

2023-01-01 to 2023-12-31

MAUI HEALTH FOUNDATION, founded in 1996, is a community nonprofit in the Health Care sector that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 85% operating margin.

Mission

OUR MISSION IS TO ENGAGE OUR COMMUNITY AND VISITORS IN SUPPORTING OUR HOSPITALS TO ENSURE MAUI HEALTH DELIVERS THE HIGHEST LEVEL OF PATIENT- CENTERED HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $919,604

FUNDS TO MAUI MEMORIAL MEDICAL CENTER (MMMC) FOR QUALIFYING EXPENSES. DURING 2023, 237,817 OF GRANTS WERE MADE TO MMMC FOR THE PURCHASE OF EQUIPMENT, AND SUPPLIES.

Program 2

Expenses: $7,071 Revenue: $145,337

WILI PA LOOP RENTAL EXPENSES.

Program 3

Expenses: $227,780

THE ORGANIZATION RAISED FUNDS TO PROVIDE DISASTER RELIEF TO COMMUNITY MEMBERS AFFECTED BY THE 2023 LAHAINA WILDFIRES.

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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 $8,543,570

Program Service Revenue $0

Investment Income $365,016

Other Revenue $175,941

TOTAL REVENUE $9,084,527

Expense Breakdown

Grants Paid $475,597

Salaries & Benefits $0

Fundraising Expenses $136,715

Program Expenses $1,154,455

Other Expenses $874,333

TOTAL EXPENSES $1,349,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,084,527	$3,087,871	+1.9%
Expenses	$1,349,930	$1,303,943	+0.0%
Net Income	$7,734,597	$1,783,928	+3.3%

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
TAMAR GOODFELLOW	PRESIDENT	1.50	Officer Director	$0	$0	$0
VINCE G BAGOYO JR	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
KAREN WILLIAMS	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
BEVERLY H KUROKAWA	TREASURER	1.50	Officer Director	$0	$0	$0
JON A FUJIMOTO	ASST. TREASU	1.50	Officer Director	$0	$0	$0
BARD E PETERSON	SECRETARY	1.50	Officer Director	$0	$0	$0
VIJAK AYASANONDA MD	DIRECTOR	1.50	Director	$0	$0	$0
KAREN CHRISTENSON	DIRECTOR	1.50	Director	$0	$0	$0
CHRIS KULIS	DIRECTOR	1.50	Director	$0	$0	$0
MAGGIE MARTIN	DIRECTOR	1.50	Director	$0	$0	$0
SAEDENE K OTA	DIRECTOR	1.50	Director	$0	$0	$0
NANCY LEIS OVERTON	DIRECTOR	1.50	Director	$0	$0	$0
CHRIS RABANG	DIRECTOR	1.50	Director	$0	$0	$0
BEN SHANK	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL J SHEA MD	DIRECTOR	1.50	Director	$0	$0	$0
ROBERT T TAKAMATSU	DIRECTOR	1.50	Director	$0	$0	$0
MELINDA SWEANY	CHIEF DEV. O	40.00	Officer 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	$9,084,527	$1,349,930	$20,626,457	$7,734,597
2022	$3,087,871	$1,303,943	$12,374,960	$1,783,928
2021	$4,713,568	$1,878,614	$11,300,166	$2,834,954
2020	$3,374,055	$2,870,350	$8,217,292	$503,705
2018	$1,211,610	$522,333	$6,917,823	$689,277