Kanaka Ikaika Racing Association
Nonprofit profile at a glance
- EIN
- 320448321
- IRS 990-EZ coverage
- 2014–2025
- Forms available
- Form 990-EZ 2025
- Location
- Kailua, HI, USA
- Phone
- 8089270711
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Swimming & Other Water Recreation
Reported finances
- Revenue
- $189,655
- Expenses
- $175,170
- Assets
- $106,120
- Liabilities
- $58,816
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DOUGLAS SMITH (PRESIDENT/DI)
People named in this filing
- DOUGLAS SMITH (PRESIDENT/DI)
- JON BRYAN (VICE-PRES/DI)
- JOELLE A FOTI (TREASURER/DI)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
(1) to improve the lives and promote the personal excellence of the community, including our youth, families and athletes at all levels, through recreational and amateur ocean paddle sports by conducting and supporting sports activities that increase personal capabilities and promote character development and life-enhancing values; (2) to promote, encourage and give direction to local and national interest in and appreciation for the social, cultural and spiritual aspects of Hawaii and increase the self-esteem and cultural indentity of our youth and community through instruction in hawaiian history, culture and values; and (3) to preserve, protect and enhance Hawaii's natural resources by educating Hawaii's youth and community on the importance of protecting the island's coastal environment and developing learning methods that promote and facilitate a deeper understanding of hawaiian culture and values as they relate to the environment and its protection.
What it reported doing in 2025
The organization successfully organized 13 ocean paddle races exclusively for charitable, literary and educational purposes.
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.5%; rating input score 89
- Program expense ratio: 95.5%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 7.6%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 25% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 88.5% of revenue deployed · 95.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $167K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2014 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Operating margin scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.