NIKKEI HERITAGE ASSOCIATION OF WASH (EIN 200062363) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

2065687114

Tax Period

2023-01-01 to 2023-12-31

NIKKEI HERITAGE ASSOCIATION OF WASH, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $810K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $1.7M represent 26 months of operating reserves.

Mission

THIS CORPORATION IS ORGANIZED PRIMARILY FOR THE PURPOSE OF PROVIDING A CENTER IN SEATTLE THAT CELEBRATES JAPANESE CULTURE AND HERITAGE THROUGH EDUCATIONAL, CULTURAL, BUSINESS AND SOCIAL PROGRAMS THAT ADD TO THE RICHNESS AND DIVERSITY OF THE REGION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $368,988

Program Service Revenue $338,622

Investment Income $5,397

Other Revenue $96,767

TOTAL REVENUE $809,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $571,464

Fundraising Expenses $77,414

Program Expenses $423,084

Other Expenses $224,556

TOTAL EXPENSES $796,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$809,774	$577,165	+0.4%
Expenses	$796,020	$705,571	+0.1%
Net Income	$13,754	$-128,406	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

125

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$64,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN YOSHITOMI	Executive Dir.	40.00	Officer	$64,999	$0	$64,999
KURT TOKITA	President	10.00	Officer Director	$0	$0	$0
LORI MATSUKAWA	Secretary	10.00	Officer Director	$0	$0	$0
DAVID K HAYASHI	Treasurer	10.00	Officer Director	$0	$0	$0
DEE GOTO	Trustee	10.00	Director	$0	$0	$0
LYNN HASHIMOTO	Trustee	10.00	Director	$0	$0	$0
ALICIA TANG	Trustee	10.00	Director	$0	$0	$0
KASUNI YAMASHITA	Trustee	10.00	Director	$0	$0	$0
ROSE GYOTOKU	Trustee	10.00	Director	$0	$0	$0
KOICHI KITAZUMI	Trustee	10.00	Director	$0	$0	$0
TAZUE KIYONO SASAKI	Trustee	10.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$809,774	$796,020	$2,183,723	$13,754
2022	$577,165	$705,571	$2,125,927	$-128,406
2021	$669,592	$576,688	$2,292,785	$92,904
2020	$380,413	$517,681	$2,219,972	$-137,268
2019	$388,811	$479,749	$2,139,670	$-90,938
2018	$306,371	$398,138	$2,001,570	$-91,767

NIKKEI HERITAGE ASSOCIATION OF WASH