HAWAII TAX INSTITUTE FOUNDATION

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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

2007

Legal Domicile

Principal Officer

DOUGLAS WILSON CFP CTFA

Phone

8778295500

Tax Period

2024-01-01 to 2024-12-31

HAWAII TAX INSTITUTE FOUNDATION, founded in 2007, is a small nonprofit in the Public & Societal Benefit sector that reported $834K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $260K, a strong 31% operating margin.

Mission

THE PRIMARY PURPOSE OF HAWAII TAX INSTITUTE FOUNDATION IS TO ADVANCE EDUCATION AND SERVE CHARITABLE PURPOSES BY CONDUCTING VARIOUS PROGRAMS TO FOSTER AND IMPROVE EDUCATION OF ACCOUNTANTS, ATTORNEYS, FIDUCIARIES, FINANCIAL ADVISORS, AND OTHER TAX PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $574,497 Revenue: $834,011

THE PRIMARY ACTIVITY OF THE HAWAII TAX INSTITUTE FOUNDATION ("HTIF") IS TO PRESENT THE HAWAII TAX INSTITUTE TO ACCOUNTANTS, ATTORNEYS, FIDUCIARIES, FINANCIAL ADVISORS, AND OTHER TAX PROFESSIONALS...

THE PRIMARY ACTIVITY OF THE HAWAII TAX INSTITUTE FOUNDATION ("HTIF") IS TO PRESENT THE HAWAII TAX INSTITUTE TO ACCOUNTANTS, ATTORNEYS, FIDUCIARIES, FINANCIAL ADVISORS, AND OTHER TAX PROFESSIONALS. THE INSTITUTE CONSISTS OF FIVE DAYS OF LECTURES, SEMINARS, PANEL DISCUSSIONS, AND WORKSHOPS BY LOCALLY AND NATIONALLY KNOWN EXPERTS IN TAX PLANNING. THE HAWAII TAX INSTITUTE IS OPEN TO THE PUBLIC. IN 2024, IN FURTHERANCE OF ITS PURPOSE, HTIF PRESENTED THE 61ST ANNUAL HAWAII TAX INSTITUTE ON NOVEMBER 3 THROUGH NOVEMBER 7. ONE HUNDRED NIGHTY-EIGHT SPEAKERS FROM THE UNITED STATES, JAPAN, AND CHINA MADE PRESENTATIONS IN THE AREAS OF ESTATE AND GIFT PLANNING, INCOME TAX PLANNING, AND BUSINESS PLANNING. ONE THOUSAND ONE HUNDRED THIRTY-FIVE PEOPLE FROM THE UNITED STATES, JAPAN, AND CHINA ATTENDED THE INSTITUTE. CONTINUING EDUCATION CREDIT WAS PROVIDED TO ATTORNEYS, ACCOUNTANTS, CERTIFIED FINANCIAL PLANNERS, AND CHARTERED LIFE UNDERWRITERS.

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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 $834,011

Investment Income $0

Other Revenue $0

TOTAL REVENUE $834,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $574,497

Other Expenses $574,497

TOTAL EXPENSES $574,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,011	$612,755	+0.4%
Expenses	$574,497	$828,115	-0.3%
Net Income	$259,514	$-215,360	-2.2%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS WILSON	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
ALAN T YOSHITAKE	SECRETARY/DIRECTOR	2.00	Officer Director	$0	$0	$0
THOMAS G CABRINHA	TREASURER/DIRECTOR	2.00	Officer 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	$834,011	$574,497	$466,912	$259,514
2023	$612,755	$828,115	$207,397	$-215,360
2022	$537,702	$240,720	$423,132	$296,982
2021	$126,426	$172,431	$127,430	$-46,005
2020	$9,682	$175,613	$175,007	$-165,931
2019	$492,459	$514,105	$342,511	$-21,646
2018	$450,119	$240,182	$363,858	$209,937