Chamber of Commerce of Hawaii

Overview

Mission

Improve the community environment in a manner which best serves the interests of both business and the public-at-large.

What it reported doing in 2024

Ku'i hao is building a workforce ready to meet the indo-pacific's growing defense and manufacturing needs. By training skilled professionals and strengthening supply chains, we are reducing the tyranny of distance and ensuring hawai'i's readiness for the future. Whether you're a student, educator, or industry leader, ku'i hao provides the training and expertise needed to sustain hawai'i's role in national defense and economic resilience.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
990035510
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Headquarters
Honolulu, HI, USA
Phone
8085454300
Rating
80
Verdict
STRONG
Rating confidence
Standard

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 76
  • Accountability: 91
  • Sustainability: 14
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.7%; rating input score 93
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $5.4 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.1%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 13.1%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 92.7% of revenue deployed · 85.7% of spending went to programs
  • Governance: 32 of 32 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6.9M in reported program spending
  • Leadership: top reported pay $401K · 36 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 14 annual filings from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

36 people listed

Highest reported compensation

  • SHERRY MENOR-MCNAMARA (PRESIDENT & CEO): $400,936 total reported compensation
  • ANN MARIE K PETERS (EXECUTIVE VICE PRESIDENT): $248,464 total reported compensation
  • PATRICIA FETUI (VP. EVENTS & BUS DEVELOP.): $153,387 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.