HALE MAHAOLU LAHAINA SURF INC (EIN 990351981) - 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

1967

Legal Domicile

Principal Officer

VALERIE M K MATSUNAGA

Phone

8088724100

Tax Period

2023-01-01 to 2023-12-31

HALE MAHAOLU LAHAINA SURF INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $190K, a strong 18% operating margin.

Mission

TO PROVIDE VERY LOW, LOW, AND MODERATE INCOME FAMILIES AND/OR INDIVIDUALS, ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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 $0

Program Service Revenue $936,321

Investment Income $100,379

Other Revenue $13,973

TOTAL REVENUE $1,050,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,030

Fundraising Expenses $0

Program Expenses $738,761

Other Expenses $542,453

TOTAL EXPENSES $860,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,050,673	$1,560,204	-0.3%
Expenses	$860,483	$1,044,668	-0.2%
Net Income	$190,190	$515,536	-0.6%

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

$330,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD HIYAKUMOTO	DIRECTOR	0.08	Director	$0	$0	$0
TERI HAMASAKI	2ND VICE PRESIDENT	0.08	Officer Director	$0	$0	$0
VALERIE MATSUNAGA	TREASURER	0.08	Officer Director	$0	$0	$0
JOYCE TAMORI	DIRECTOR	0.08	Director	$0	$0	$0
TERVOR TOKISHI	1ST VICE PRESIDENT	0.08	Officer Director	$0	$0	$0
GARY WATANABE	DIRECTOR	0.08	Director	$0	$0	$0
TOM WELCH	DIRECTOR	0.08	Director	$0	$0	$0
ANDERS LYONS	PRESIDENT	0.08	Officer Director	$0	$0	$0
JERRYBETH DEMELLO	DIRECTOR	0.08	Director	$0	$0	$0
AIMEE YATSUSHIRO	DIRECTOR	0.08	Director	$0	$0	$0
MANUEL SUGUITAN	DIRECTOR	0.08	Director	$0	$0	$0
DON FUJIMOTO	SECRETARY	0.08	Officer Director	$0	$0	$0
WILLIAM KINAKA	DIRECTOR	0.08	Director	$0	$0	$0
ERIC CHANG	DIRECTOR	0.08	Director	$0	$0	$0
GRANT CHUN	EXECUTIVE DIRECTOR	3.33	Officer	$0	$68,471	$330,664
KEHAULANI FEGAI	HOUSING DIRECTOR	3.33	Highest	$0	$0	$103,761
CANDIS WILKINSON	CONTROLLER	3.33	Highest	$0	$0	$119,264
PAIGE MAMUAD	HR DIRECTOR	3.33	Highest	$0	$0	$122,898

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	$1,050,673	$860,483	$5,131,337	$190,190
2022	$1,560,204	$1,044,668	$5,008,669	$515,536
2021	$1,623,051	$1,223,012	$4,548,534	$400,039
2020	$1,778,025	$1,198,290	$4,100,908	$579,735
2019	$1,394,884	$1,147,637	$3,522,163	$247,247
2018	$1,273,809	$1,053,001	$3,286,837	$220,808

HALE MAHAOLU LAHAINA SURF INC