Hawaii Education of the Arts Inc (EIN 202597039) - 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

2005

Legal Domicile

Principal Officer

Pamela DeBoard

Phone

8087412787

Tax Period

2021-01-01 to 2021-12-31

Hawaii Education of the Arts Inc, founded in 2005, is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year. Expenses of $94K exceeded revenue, resulting in a 62% operating deficit.

Mission

HEARTS builds character through the arts and provides high quality entertainment for the community.

🔒

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 (2021)

Revenue Breakdown

Contributions & Grants $39,236

Program Service Revenue $15,115

Investment Income $3,667

Other Revenue $0

TOTAL REVENUE $58,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,756

Fundraising Expenses $3,093

Program Expenses $87,712

Other Expenses $38,140

TOTAL EXPENSES $93,896

Year-over-Year Comparison

	2021	2020	Change
Revenue	$58,018	$64,261	-0.1%
Expenses	$93,896	$93,254	+0.0%
Net Income	$-35,878	$-28,993	+0.2%

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

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

$18,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pamela DeBoard	Executive Director	20.00	Officer	$18,367	$0	$18,367
Craig Furusho	Chairman,President	1.00	Officer	$0	$0	$0
Florence Teruya	Treasurer	1.00	Officer	$0	$0	$0
Annie Cusick Wood	Chair, Brd Development	1.00	Officer	$0	$0	$0
Nicholas G Lee	Director	1.00	Director	$0	$0	$0
Theresa Greaney	Director	1.00	Director	$0	$0	$0
Pahonu Coleman	Director	1.00	Director	$0	$0	$0
Megan Dung	Director	1.00	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
2021	$58,018	$93,896	$116,163	$-35,878
2020	$64,261	$93,254	$135,207	$-28,993
2019	$224,562	$221,390	$39,381	$3,172

Hawaii Education of the Arts Inc