Nanea Golf Club Inc

Nonprofit profile at a glance

EIN
990347826
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Kailua Kona, HI, USA
Phone
8089301302
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$4,304,630
Expenses
$8,143,259
Assets
$38,210,904
Liabilities
$1,651,213

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

Leadership & pay

14 people listed

Executive titles in this filing

  • DAN ROSE (PRESIDENT, DIRECTOR)

Highest reported compensation

  • SCOTT MAIN (GOLF COURSE SUPERINTENDENT): $277,230 total reported compensation
  • KRISTOPHER FELTE (GENERAL MANAGER): $256,256 total reported compensation
  • STACIE KAIWI-MACHEN (TREASURER): $213,684 total reported compensation

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

Overview

Mission

To develop and operate nanea golf course

What it reported doing in 2024

Nanea golf club inc: nanea golf club, inc. (formerly known as kekaha venture, inc.), (the "club") was organized on february 11, 2000, by the two founding members as a nonprofit, mutual benefit corporation formed under the laws of the state of hawai'i. The purpose of the club is to develop and operate the nanea golf club on the kona coast of the island of hawai'i. The club includes an 18-hole golf course and related clubhouse facilities. For income tax purposes, the club was considered completed on june 30, 2004.

Operating model

Revenue model
Earned-program. 96% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 77
  • Accountability: 84
  • Sustainability: 35
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.9%; rating input score 71
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -89.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 4.69; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 14%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 27.9% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -2.7% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 70.9% of revenue deployed · 90% of spending went to programs
  • Governance: 223 of 223 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $7.3M in reported program spending
  • Leadership: top reported pay $277K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $169K reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.