HAWAII SURFING PRODUCTION CORP (EIN 208664448) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

WENDELL AOKI

Phone

8083922488

Tax Period

2024-10-01 to 2025-09-30

HAWAII SURFING PRODUCTION CORP, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $110K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PERPETUATE THE ANCIENT HAWAIIAN SPORT OF SURFING THROUGH INFORMATIVE AND COMPETITIVE HIGH SCHOOL TEAMS SURF MEETS. THE COMPETITION WILL HELP PREPARE THE HAWAII TEAMS FOR FURTURE NATIONAL MEETS IN CALIFORNIA. IN ADDITION, HSPC PROVIDES SPEAKERS FOR VARIOUS HIGH SCHOOLS TO INFORM TEAM MEMBERS OF THE IMPORTANCE OF WATER SAFETY AND ENVIRONMENTAL ISSUES.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $110,351

Investment Income $8

Other Revenue $0

TOTAL REVENUE $110,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,455

Fundraising Expenses $0

Program Expenses $109,637

Other Expenses $74,285

TOTAL EXPENSES $116,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,359	$118,738	-0.1%
Expenses	$116,740	$113,068	+0.0%
Net Income	$-6,381	$5,670	-2.1%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

$42,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDELL AOKI	PRESIDENT	18.00	Director	$29,430	$0	$29,430
JAMES CLANCY	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND SHITO	TREASURER	20.00	Director	$3,575	$0	$3,575
JACK SHIPLEY	VICE PRESIDENT	1.00	Director	$0	$0	$0
JAMES LEONG	VICE PRESIDENT	1.00	Director	$0	$0	$0
KAWIKA FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHIPLEY	DIRECTOR	1.00	Director	$5,050	$0	$5,050
CHERISE AOKI	DIRECTOR	1.00	Director	$4,400	$0	$4,400

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
2025	$110,359	$116,740	$39,432	$-6,381
2024	$118,738	$113,068	$45,813	$5,670
2023	$109,100	$88,218	$40,143	$20,882
2022	$68,121	$48,767	$28,261	$19,354
2021	$9,815	$1,050	$13,723	$8,765
2020	$3,270	$-1,394	$7,958	$4,664
2019	$49,787	$62,306	$3,294	$-12,519
2018	$71,449	$72,770	$15,813	$-1,321

HAWAII SURFING PRODUCTION CORP