WAIKIKI BUSINESS IMPROVEMENT DISTRICT ASSOCIATION (EIN 990351832) - 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

2000

Legal Domicile

Principal Officer

TREVOR ABARZUA

Phone

8089239243

Tax Period

2023-07-01 to 2024-06-30

WAIKIKI BUSINESS IMPROVEMENT DISTRICT ASSOCIATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE IN WAIKIKI BY PROVIDING BUSINESSES, VISITORS, EMPLOYEES AND RESIDENTS OF WAIKIKI WITH A SAFE, CLEAN, AND ENJOYABLE ENVIRONMENT IN WHICH TO LIVE, WORK, AND PLAY.

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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 $4,503,718

Program Service Revenue $0

Investment Income $770

Other Revenue $0

TOTAL REVENUE $4,504,488

Expense Breakdown

Grants Paid $171,414

Salaries & Benefits $608,138

Fundraising Expenses $0

Program Expenses $4,970,478

Other Expenses $4,484,806

TOTAL EXPENSES $5,264,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,504,488	$4,019,659	+0.1%
Expenses	$5,264,358	$4,862,844	+0.1%
Net Income	$-759,870	$-843,185	-0.1%

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

$341,618

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KOSASA	CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA TAM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE NAKAOKA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON ITO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE SHAFF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL SHOJI	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE AKAU	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN CHING	DIRECTOR	1.00	Director	$0	$0	$0
MARK DEMELLO	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KAM	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PLANT	DIRECTOR	1.00	Director	$0	$0	$0
DEBI BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN TOMINAGA	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY WATERS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KAWANO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FINLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COX	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KAJIHIRO	DIRECTOR	1.00	Director	$0	$0	$0
ALIKA MAU	DIRECTOR	1.00	Director	$0	$0	$0
ERON HODGES	DIRECTOR	1.00	Director	$0	$0	$0
CHI MOK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KASS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SUGG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SLAYTER	DIRECTOR	1.00	Director	$0	$0	$0
GENE ALBANO	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR ABARZUA	SEE SCHEDULE	40.00	Officer	$86,391	$12,431	$98,822
SUZANNE KIRIO	SEE SCHEDULE	40.00	Officer	$102,632	$11,208	$113,840
DAVID WILLARD	SEE SCHEDULE	40.00	Officer	$117,300	$11,656	$128,956

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
2025	No data	No data	No data	No data
2024	$4,504,488	$5,264,358	$1,833,337	$-759,870
2023	$4,019,659	$4,862,844	$2,634,856	$-843,185
2022	$3,734,708	$3,893,005	$3,404,078	$-158,297
2021	$4,322,999	$3,383,698	$3,494,908	$939,301
2020	$4,180,720	$3,900,154	$2,579,124	$280,566
2019	$3,969,164	$3,705,585	$2,304,570	$263,579

WAIKIKI BUSINESS IMPROVEMENT DISTRICT ASSOCIATION