LAHAINA RESTORATION 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

1962

Legal Domicile

Principal Officer

DAVID ALLAIRE

Phone

8086613262

Tax Period

2023-01-01 to 2023-12-31

LAHAINA RESTORATION FOUNDATION, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO BE STEWARDS AND STORYTELLERS OF LAHAINA'S HISTORIC & CULTURAL HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $1,910,107 Revenue: $-117,691

COOPERATED WITH ALL COMMUNITY ORIENTED INTERESTS IN RESTORE, MANTAIN AND PRESERVE THE PHYSICAL AND CULTURALLEGACIES AND HISTORY OF THE FIRS CAPITAL OF THE KINGDODM OF HAWAII

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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 $1,306,351

Program Service Revenue $747,619

Investment Income $-187,259

Other Revenue $196,556

TOTAL REVENUE $2,063,267

Expense Breakdown

Grants Paid $37,000

Salaries & Benefits $877,330

Fundraising Expenses $80,789

Program Expenses $1,910,107

Other Expenses $1,555,372

TOTAL EXPENSES $2,469,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,063,267	$1,898,850	+0.1%
Expenses	$2,469,702	$1,833,961	+0.3%
Net Income	$-406,435	$64,889	-7.3%

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

Volunteers

200

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
DAVID ALLAIRE	PRSIDENT	1.00	Officer Director	$0	$0	$0
LOISA SHELTON	SECRETARY	1.00	Officer Director	$0	$0	$0
THEO MORRISON	EXECUTIVE DIRECTGOR	1.00	Officer Director	$0	$0	$0
BUNT BURKHALTER	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE HIRAGA	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SK SOARES	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD KAWAHARA	TREASURER	1.00	Officer Director	$0	$0	$0
RILEY COON	DIRECTOR	1.00	Director	$0	$0	$0
GINGER GANNON	DIRECTOR	1.00	Director	$0	$0	$0
LORI GOMEZ-KARINEN	DIRECTOR	1.00	Director	$0	$0	$0
KAINOA CASCO	DIRECTOR	1.00	Director	$0	$0	$0
KALANI ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GEIGER	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE GUTH	DIRECTOR	1.00	Director	$0	$0	$0
TIM LARA	DIRECTOR	1.00	Director	$0	$0	$0
EKOLU LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
PENNY WAKIDA	DIRECTOR	1.00	Director	$0	$0	$0
PETER MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE SUTHERLAND	DIRECTOR	1.00	Director	$0	$0	$0
LOEI SABLAS	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	No data	No data	No data	No data
2023	$2,063,267	$2,469,702	$21,009,014	$-406,435
2022	$1,898,850	$1,833,961	$20,579,726	$64,889
2021	$2,774,906	$1,651,951	$21,513,209	$1,122,955
2020	$790,565	$1,280,771	$20,731,065	$-490,206
2019	$4,151,463	$1,808,482	$20,713,932	$2,342,981
2018	$1,788,752	$1,710,363	$18,101,172	$78,389
2018	$1,788,752	$1,710,363	$18,101,172	$78,389