KAUAI ISLAND UTILITY COOPERATIVE

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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

1999

Legal Domicile

Principal Officer

DAVID BISSELL

Phone

8082464300

Tax Period

2024-01-01 to 2024-12-31

KAUAI ISLAND UTILITY COOPERATIVE, founded in 1999, is a major nonprofit in the Mutual Benefit sector that reported $191.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RELIABLE POWER SAFELY THAT IS FAIRLY AND COMPETITIVELY PRICED, PRACTICE CONSERVATION AND EFFICIENT USE OF ENERGY RESOURCES AND INCREASE SUSTAINABLE POWER SUPPLY AND ENVIRONMENTAL STEWARDSHIP WHILE IMPROVING THE QUALITY OF LIFE FOR MEMBERS AND KAUA'I.

Program Service Accomplishments

Program 1

GENERATED, TRANSMITTED AND DISTRIBUTED ELECTRICITY TO APPROXIMATELY 39,318 ACTIVE SERVICES AT YEAR END ON THE ISLAND OF KAUAI.

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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 $189,288,399

Investment Income $2,653,122

Other Revenue $-306,692

TOTAL REVENUE $191,634,829

Expense Breakdown

Grants Paid $63,382

Salaries & Benefits $2,860,720

Fundraising Expenses $0

Other Expenses $181,658,017

TOTAL EXPENSES $191,634,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,634,829	$172,180,326	+0.1%
Expenses	$191,634,829	$172,180,326	+0.1%
Net Income	$0	$0	N/A

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

149

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

$1,349,782

Total Directors

$137,645

Key Employees

$1,382,996

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER YUKIMURA	TREASURER	10.00	Officer Director	$19,641	$0	$19,641
TEOFILO TACBIAN	DIRECTOR	5.00	Director	$18,528	$0	$18,528
ALLAN SMITH	CHAIRMAN	10.00	Officer Director	$18,005	$0	$18,005
JAN TENBRUGGENCATE	VICE CHAIR	15.00	Officer Director	$15,804	$0	$15,804
JIM MAYFIELD	DIRECTOR	6.00	Director	$15,264	$0	$15,264
CALVIN MURASHIGE	SECRETARY	11.00	Officer Director	$14,733	$0	$14,733
DAVID IHA	DIRECTOR	10.00	Director	$12,009	$0	$12,009
MICHAEL YAMANE	DIRECTOR	2.00	Director	$9,318	$0	$9,318
DEE CROWELL UNTIL 092024	DIRECTOR	12.00	Director	$9,227	$0	$9,227
JANET KASS	DIRECTOR	7.00	Director	$5,116	$0	$5,116
DAVID BISSELL	CEO	50.00	Officer	$780,695	$138,760	$919,455
STACIE DELLAMANO	FINANCIAL VP & CFO	55.00	Officer	$287,364	$74,780	$362,144
BRAD ROCKWELL	CHIEF OF OPERATIONS	50.00	Key Emp	$341,757	$106,992	$448,749
BETH AMARO	MEMBER SERVICES & COMMUNICATIONS	40.00	Key Emp	$260,636	$87,978	$348,614
JOHN COX	T&D MANAGER	50.00	Key Emp	$223,992	$83,366	$307,358
CAMERON KRUSE	ENGINEERING MANAGER	50.00	Key Emp	$225,498	$52,777	$278,275
RICHARD VETTER	PORT ALLEN STATION MANAGER	45.00	Highest	$214,513	$84,450	$298,963
ELIZABETH UBAY	HR & SAFETY MANAGER	45.00	Highest	$238,286	$59,353	$297,639
KYLAN HAUMEA	PRIMARY TROUBLESHOOTER	50.00	Highest	$242,359	$43,738	$286,097
TOM YAMAMOTO	PRIMARY TROUBLEPERSON	50.00	Highest	$210,278	$66,636	$276,914
CHRISTOPHER YUH	MANAGER FINANCE, RISK & ANALYTICS	50.00	Highest	$205,539	$46,369	$251,908

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	$191,634,829	$191,634,829	$419,381,972	No data
2023	$172,180,326	$172,180,326	$423,134,177	No data
2022	$175,641,835	$175,641,835	$423,743,821	No data
2021	$160,477,070	$160,477,070	$395,344,357	No data
2020	$146,109,605	$146,109,605	$370,739,170	No data
2019	$156,287,696	$156,287,696	$347,042,029	No data
2018	$165,166,646	$164,101,149	$352,331,530	$1,065,497