HAWAII LITERACY INC (EIN 237198698) - 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

1972

Legal Domicile

Principal Officer

Jill Takasaki-Canfield

Phone

8085376706

Tax Period

2024-01-01 to 2024-12-31

HAWAII LITERACY INC, founded in 1972, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $890K left a modest 11% surplus.

Mission

Hawaii Literacy's mission is to empower Hawaii's children and adults with essential reading, writing, and lifelong learning skills to strengthen themselves, families and communities.

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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 $1,005,173

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,005,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $717,291

Fundraising Expenses $11,731

Program Expenses $701,000

Other Expenses $172,564

TOTAL EXPENSES $889,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,005,173	$775,692	+0.3%
Expenses	$889,855	$944,745	-0.1%
Net Income	$115,318	$-169,053	-1.7%

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

Volunteers

303

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

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Takasaki Canfield	Executive Director	40	Director Highest	$110,000	$0	$110,000
Kara Kitazaki-Chun	President	1	Officer Director	$0	$0	$0
Jason Masaki	Director	1	Director	$0	$0	$0
James A Wong	Director	1	Director	$0	$0	$0
Mitchell Kaaialii	Director	1	Director	$0	$0	$0
Kevin Katsura	Director	1	Director	$0	$0	$0
Sean K Knox	Director	1	Director	$0	$0	$0
Brandon Kurisu	Director	1	Director	$0	$0	$0
R Scott Simon	Director	1	Director	$0	$0	$0
Todd Withy	Director	1	Director	$0	$0	$0
Doug Shimokawa	Director	1	Director	$0	$0	$0
Jason Fujita	Director	1	Director	$0	$0	$0
Aaron K Masuoka	Treasurer	1	Officer Director	$0	$0	$0
Jamie Asato	Treasurer	1	Officer Director	$0	$0	$0
Jamie Cheng	Vice President	1	Officer Director	$0	$0	$0
Lyssa Fujie	Director	1	Director	$0	$0	$0
Lynelle Marble	Director	1	Director	$0	$0	$0
Jamie Kawamoto	Director	1	Director	$0	$0	$0
Bryan Luke	Director	1	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	$1,005,173	$889,855	$146,651	$115,318
2023	$775,692	$944,745	$116,090	$-169,053
2022	$909,133	$1,309,210	$230,181	$-400,077
2021	$1,194,889	$1,017,621	$642,021	$177,268
2020	$950,580	$972,001	$604,214	$-21,421
2019	$839,563	$713,731	$491,269	$125,832
2018	$796,715	$622,812	$345,435	$173,903

HAWAII LITERACY INC