Iwikua
Nonprofit profile at a glance
- EIN
- 475593452
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
- Location
- Waimea, HI, USA
- Phone
- 8086522127
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $567,417
- Expenses
- $642,807
- Assets
- $504,113
- Liabilities
- $2,994
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOSHUA MORI (EXECUTIVE DIRECTOR)
- FRED FLORES JR (PRESIDENT)
- JULIA MATSESHE (VICE PRESIDENT)
Highest reported compensation
- JOSHUA MORI (EXECUTIVE DIRECTOR): $104,180 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Iwikua serves as an educational and cultural resource for sustainable food production, wellness, and community enhancement to benefit west kauai and help raise future generations to be culturally-centered life-long learners who fulfill active roles in the community such as farmers, educators, and leaders.
What it reported doing in 2024
Na mahi ho'oko a'e is the educational farm program of iwikua that focuses on sustainable food production, integrating traditional hawaiian gardening techniques with modern technology through the operation of our large-scale aquaponics system and in-ground crops. We provided a variety of fruits and vegetables to our west kauai community members at large through our mini grocery store, as well as thirteen restaurants and businesses and the local hospital. Over the year we worked with high school and college students during school breaks to do intensive internships where they were immersed in the entirety of the farm operation, from seed to sale, helping with planting, harvesting, packaging, marketing, and distribution, as well as learning construction skills throughout the expansion of our farm system. We also had over 75 volunteers throughout the year from high school and college classes that integrated their curriculum into a hands-on application on the farm. These efforts helped produce over 16,000 pounds of produce (including over 14,000 pounds of lettuce) which went directly into feeding the community while providing a unique agricultural and entrepreneurial experience for our local youth.
Operating model
- Revenue model
- Donor-supported. 86% 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 most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 92
- Accountability: 64
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.6%; rating input score 62
- Program expense ratio: 45.1%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13.3%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 16.2%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 13.5% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 32.7% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 41.2% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 61.6% of revenue deployed · 45.1% of spending went to programs
- Governance: 5 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $290K in reported program spending
- Leadership: top reported pay $104K · 6 people listed
- Consistency: 40 of 40 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 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: Program expense ratio scored 45/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 21/100.