Mililani Town Association (EIN 996015708) - 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

1968

Legal Domicile

Principal Officer

Neil Takeda

Phone

8086237300

Tax Period

2024-04-01 to 2025-03-31

Mililani Town Association, founded in 1968, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.4M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

The Association is responsible for the operation and maintenance of the common areas and facilities within the Association. Significant common property includes seven recreation centers, six swimming pools and four tennis courts. The maintenance of the recreation center, swimming pools, and tennis courts provide an essential public benefit.

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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 $8,672,331

Investment Income $851,589

Other Revenue $1,895,327

TOTAL REVENUE $11,419,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,294,319

Fundraising Expenses $0

Program Expenses $7,205,521

Other Expenses $4,897,963

TOTAL EXPENSES $12,192,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,419,247	$15,253,412	-0.3%
Expenses	$12,192,282	$11,346,114	+0.1%
Net Income	$-773,035	$3,907,298	-1.2%

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

270

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David O'Neal	General Manager	50.00		$270,000	$0	$270,000
Lynelle Tamashiro	Controller	40.00		$134,908	$0	$134,908
Katherine Cueva	Covenant and Design Manager	40.00		$134,160	$0	$134,160
Darryl Barbadillo	Landscape Manager	40.00		$131,249	$0	$131,249
Jared Kaleo Perreira	Aquatics Manager	40.00		$128,171	$0	$128,171
Neil Takeda	President	2.50	Director	$0	$0	$0
Valerie Okimoto	Vice President	0.50	Director	$0	$0	$0
Noriko Salangdron	Secretary	0.50	Director	$0	$0	$0
Michael Magaoay	Treasurer	0.50	Director	$0	$0	$0
Robert Barrett	Director	0.50	Director	$0	$0	$0
Michelle Kidani	Director	0.50	Director	$0	$0	$0
Josie Hart Ka'anehe	Director	0.50	Director	$0	$0	$0
Roger Babcock	Director	0.50	Director	$0	$0	$0
Will Kane	Director	0.50	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
2025	$11,419,247	$12,192,282	$33,565,400	$-773,035
2024	$15,253,412	$11,346,114	$33,314,782	$3,907,298
2023	$11,618,254	$10,643,385	$29,384,039	$974,869
2022	$8,505,958	$9,363,772	$29,321,286	$-857,814
2021	$9,582,345	$9,449,204	$29,299,523	$133,141
2020	$9,669,795	$9,835,809	$28,068,070	$-166,014
2019	$9,420,966	$9,211,637	$28,669,868	$209,329
2018	$9,384,856	$8,832,969	$28,099,317	$551,887

Mililani Town Association