Hoomalu Ke Kai

Nonprofit profile at a glance

EIN
863570359
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Lawai, HI, USA
Phone
8084956836
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Reported finances

Revenue
$154,242
Expenses
$149,995
Assets
$54,898
Liabilities
$5,051

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

Leadership & pay

12 people listed

Executive titles in this filing

  • Tim Leichliter (Director of Operations, President, Treasurer)
  • Michael Raithaus (Director of Creative Initiatives, Vice President)
  • Allegra Kanna Scribner (Director of Communications, 2nd Vice President)

People named in this filing

  • Tim Leichliter (Director of Operations, President, Treasurer)
  • Michael Raithaus (Director of Creative Initiatives, Vice President)
  • Allegra Kanna Scribner (Director of Communications, 2nd Vice President)

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 Organization's primary exempt purpose is to protect the marine ecosystem of the island of Kaua'i, in the state of Hawaii, as well as create awareness and motivation in the community for taking care of the ocean and its inhabitants.

What it reported doing in 2024

At Ho'omalu Ke Kai, we are passionate about keeping our oceans clean and healthy for current and future generations. Through our Ocean Cleanups & Marine Debris Upcycling program, we are actively tackling the issue of marine debris while promoting innovative solutions for a more sustainable future. Underwater Cleanups: First, our dedicated team conducts regular underwater cleanups, carefully disentangling corals and removing hazards for other marine life. These efforts are essential for preserving the delicate balance of our underwater ecosystems. Second, from sandy beaches to remote coastlines, our shoreline cleanups are a vital part of our conservation efforts. We sift through sand for microplastics and scale rocks to remove large nets and other debris, ensuring that our coastlines remain pristine and free from pollution. We believe in the power of community involvement. That's why we host monthly cleanups open to all members of the community, as well as specialized cleanups for school groups and educational programs. Each year, we remove 10-20k lbs of marine debris, making a significant impact on the health of our oceans. Lastly, through innovative upcycling initiatives, we give new life to collected marine debris. With the help of Precious Plastic machinery and Matoha Science Infrared Spectrometer Plastic Identification machine, we transform plastic waste into useful and durable materials, saving it from ending up in landfills and contributing to a circular economy.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 - The filed numbers largely add up and revenue has grown recently. 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: 49
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49%; rating input score 49
  • Program expense ratio: 50.4%; rating input score 50

Transparency & Controls

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

Sustainability

  • Operating margin: 2.8%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.37; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -17.9% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 31.9% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 49% of revenue deployed · 50.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $76K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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 49/100.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.