Hnl Tool Library

Nonprofit profile at a glance

EIN
475385430
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Pepeekeo, HI, USA
Phone
8082589712
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue
$32,774
Expenses
$45,774
Assets
$29,969
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Adedoyin Ogunniyi (Board Vice-President)

People named in this filing

  • Adedoyin Ogunniyi (Board Vice-President)
  • Dennis Yamamoto (Board Secretary)
  • Jeffrey Meeuwsen (Board Member)

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

Providing an affordable platform for the sharing of household tools and DIY education.

What it reported doing in 2024

Completed 6020 tool loans that helped 1142 members repair their homes or vehicles, to garden, or taking on creative endeavors, and more. Taught DIY classes on skills like 3D Printing, Home Repairs, Woodworking, and more.

Operating model

Revenue model
Earned-program. 99% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97%; rating input score 97
  • Program expense ratio: 69.8%; rating input score 70

Transparency & Controls

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

Sustainability

  • Operating margin: -39.7%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.65; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -1.6% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 35th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 97% of revenue deployed · 69.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.