HAWAII RESTAURANT ASSOCIATION

EIN: 237057621

HONOLULU, HI

Total Revenue
$813,319
Total Expenses
$616,094
Total Assets
$550,162
Net Assets
$488,188
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
HI
Principal Officer
MICHAEL PALMER
Phone
8089449105
Tax Period
2025-01-01 to 2025-12-31

HAWAII RESTAURANT ASSOCIATION, founded in 1949, is a small nonprofit that reported $813K in total revenue in fiscal year 2025. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 24% operating margin.

Mission

THE HAWAII RESTAURANT ASSOCIATION IS THE ORGANIZATION UNIFYING, REPRESENTING AND SUPPORTING THE HAWAII RESTAURANT AND FOOD SERVICE INDUSTRY.

Program Service Accomplishments

Program 1

THE HAWAII RESTAURANT ASSOCIATION ALSO HOLDS AN ANNUAL HALL OF FAME INDUCTION DINNER TO PROMOTE LEADERS WITHIN THE INDUSTRY.

Program 2

THE HAWAII RESTAURANT ASSOCIATION HOLDS AN ANNUAL GOLF TOURNAMENT TO ENCOURAGE ITS MEMBERS TO SOCIALIZE AND SHARE KNOWLEDGE WITHIN THE INDUSTRY.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $275,983
Program Service Revenue $532,234
Investment Income $5,102
Other Revenue $0
TOTAL REVENUE $813,319

Expense Breakdown

Grants Paid $4,600
Salaries & Benefits $177,884
Fundraising Expenses $0
Other Expenses $433,610
TOTAL EXPENSES $616,094

Year-over-Year Comparison

2025 2024 Change
Revenue $813,319 $540,125 +0.5%
Expenses $616,094 $524,414 +0.2%
Net Income $197,225 $15,711 +11.6%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
24

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
4
$132,908
Total Directors
28
$132,908
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATSUOKA SHERYL PRESIDENT / CEO 40.00
Officer Director
$132,908 $0 $132,908
PALMER MIKE CHAIRMAN 8.00
Officer Director
$0 $0 $0
HUANG ANDY PAST CHAIRMAN 2.00
Officer Director
$0 $0 $0
GARRICK TAMBARA TREASURER/SECRETARY 8.00
Officer Director
$0 $0 $0
AGUINALDO JESSE DIRECTOR 2.00
Director
$0 $0 $0
AUGUSTIN KIA DIRECTOR 2.00
Director
$0 $0 $0
ASATO MATTHEW DIRECTOR 2.00
Director
$0 $0 $0
BARBERI JAVIER DIRECTOR 2.00
Director
$0 $0 $0
BOLIA ALESSANDRO DIRECTOR 2.00
Director
$0 $0 $0
HO TIMOTHY DIRECTOR 2.00
Director
$0 $0 $0
JANUSZEWSKI TIM DIRECTOR 2.00
Director
$0 $0 $0
JONES TOM DIRECTOR 2.00
Director
$0 $0 $0
KANESHIRO JAY DIRECTOR 2.00
Director
$0 $0 $0
KO RYAN DIRECTOR 2.00
Director
$0 $0 $0
KOEPPENKASTROP FELIX DIRECTOR 2.00
Director
$0 $0 $0
KWOK AVE DIRECTOR 2.00
Director
$0 $0 $0
MALLINI KEITH DIRECTOR 2.00
Director
$0 $0 $0
MAPLES GREG DIRECTOR 2.00
Director
$0 $0 $0
MURPHY DON DIRECTOR 2.00
Director
$0 $0 $0
OHTA EDWIN DIRECTOR 2.00
Director
$0 $0 $0
ROUKEMA TYLER DIRECTOR 2.00
Director
$0 $0 $0
TANAKA ALISON DIRECTOR 2.00
Director
$0 $0 $0
TANAKA KATHERINE DIRECTOR 2.00
Director
$0 $0 $0
TANAKA RYAN DIRECTOR 2.00
Director
$0 $0 $0
WANG TINA DIRECTOR 2.00
Director
$0 $0 $0
WARE NICOLAS DIRECTOR 2.00
Director
$0 $0 $0
WONG ANTHONY DIRECTOR 2.00
Director
$0 $0 $0
WONG NICHOLAS DIRECTOR 2.00
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
2025 $813,319 $616,094 $550,162 $197,225
2024 $540,125 $524,414 $460,750 $15,711
2023 $476,637 $402,987 $1,341,705 $73,650
2022 $411,853 $354,637 $507,886 $57,216
2021 $321,192 $272,847 $455,736 $48,345
2020 $203,076 $184,045 $245,509 $19,031
2019 $325,113 $322,834 $76,419 $2,279
2018 $272,022 $325,431 $80,019 $-53,409
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