EDDIE AIKAU FOUNDATION INC

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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

2000

Legal Domicile

Principal Officer

LINDA IPSEN

Phone

8085375720

Tax Period

2024-01-01 to 2024-12-31

EDDIE AIKAU FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $478K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 40% operating margin.

Mission

OUR MISSION IS TO SHARE EDDIE AIKAU'S LIFE CONTRIBUTIONS AND ACCOMPLISHMENTS WHILE PROMOTING EDUCATION AND THE ADVANCEMENT OF HAWAIIAN CULTURE.

Program Service Accomplishments

Program 1

Expenses: $241,803

THE EDDIE AIKAU OPENING CEREMONY AND SURF MEET TO SHARE KNOWLEGE OF THE OCEAN AND HAWAIIAN SURFING TRADITIONS AND CULTURE.

Program 2

Expenses: $28,743

ESSAY CONTEST TO SHARE HAWAIIAN CULTURE, STORIES AND LEGACY OF HAWAII WITH THE WORLD

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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 $463,242

Program Service Revenue $0

Investment Income $5

Other Revenue $14,339

TOTAL REVENUE $477,586

Expense Breakdown

Grants Paid $6,600

Salaries & Benefits $0

Fundraising Expenses $3,682

Program Expenses $270,576

Other Expenses $281,577

TOTAL EXPENSES $288,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,586	$314,932	+0.5%
Expenses	$288,177	$262,906	+0.1%
Net Income	$189,409	$52,026	+2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA IPSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
PIILANI AIKAU-KAALEKAHI	SECRETARY	1.00	Officer Director	$0	$0	$0
MYRA AIKAU	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE AIKAU	DIRECTOR	1.00	Director	$0	$0	$0
RICKI AIKAU	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS SHIPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MYLINDA IPSEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL PRICKETT	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	$477,586	$288,177	$443,813	$189,409
2023	$314,932	$262,906	$254,404	$52,026