HAWAII RESTAURANT ASSOCIATION (EIN 237057621) - 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

1949

Legal Domicile

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.

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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 (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

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

$132,908

Total Directors

$132,908

Key Employees

Highest Compensated

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

HAWAII RESTAURANT ASSOCIATION