Hawaii Angels

Nonprofit profile at a glance

EIN
263130039
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Honolulu, HI, USA
Phone
8083817897
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$75,300
Expenses
$58,630
Assets
$56,716
Liabilities
$275

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • ROB ROBINSON (CHAIRMAN)
  • JOSEPH KATZEN (TREAS/EXEC DIRECTOR)
  • CLIF PURKISER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary activity of the organization is to promote entrepreneurship, angel investing, and venture capital investing primarily in the state of Hawaii.

What it reported doing in 2024

Monthly meetings at which topics and issues of interest or pertinent to angel investing and the promotion of entrepreneurship are presented. Frequently, speakers are invited to attend the mettings to provide informative presentations and lead discussions on topics and opportunities related to the promotion of entrepreneurship, angel investing and venture capital investing. The meetings will be led by the officers of the organization with the participation of the members and invited guests, including educational activities directed at members, the general public, entrepreneurs and governmental officials. These activities may include, workshops, seminars, mentoring and presentations on specific topics relevent to entrepreneurship and angel investing. Mentoring activities will be conducted by the board of directors or member-volunteers with the knowledge and expertise in various areas of business operations, tax, finance, accouting, law or corporate governance due diligence, networking and assistance to entrepreneurs through the reveiew of business plans with the primary objective being to support early-stage Hawaii businesses.

Operating model

Revenue model
Membership-supported. 96% of the money available for current operations came from membership dues.
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.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 82
  • Sustainability: 53
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.1%; rating input score 34
  • Program expense ratio: 43.8%; rating input score 44

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 22.1%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 39.2%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -20.5% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -4.3% per year; rating input score 0; 36th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 34.1% of revenue deployed · 43.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $26K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.