HAWAII KOREAN CHAMBER OF COMMERCE (EIN 237370901) - 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

1994

Legal Domicile

Principal Officer

GINA K NAKAMURA

Phone

8085233393

Tax Period

2022-01-01 to 2022-12-31

HAWAII KOREAN CHAMBER OF COMMERCE, founded in 1994, is a small nonprofit that reported $224K in total revenue in fiscal year 2022. Revenue surged 454% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE BUSINESS OPPORTUNITIES FOR OUR MEMBERS BY PROMOTING KOREAN BUSINESS DIVERSITY AND GROWTH, CREATING ECONOMIC VITALITY WITHIN HAWAII AND INTERNATIONALLY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $165,575

Program Service Revenue $58,400

Investment Income $93

Other Revenue $0

TOTAL REVENUE $224,068

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,316

Other Expenses $219,638

TOTAL EXPENSES $225,638

Year-over-Year Comparison

	2022	2021	Change
Revenue	$224,068	$40,467	+4.5%
Expenses	$225,638	$23,539	+8.6%
Net Income	$-1,570	$16,928	-1.1%

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

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
KAREN CHOE	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON KIM HACKETT	DIRECTOR	0.50	Director	$0	$0	$0
RYAN HAMADON	TREASURER	3.00	Officer Director	$0	$0	$0
DAEJIN KIM	DIRECTOR	0.50	Director	$0	$0	$0
GINA K NAKAMURA	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON NAM	DIRECTOR	0.50	Director	$0	$0	$0
GRACE OGAWA	SECRETARY	4.00	Officer Director	$0	$0	$0
KYONG WON OH	VICE-PRESIDE	2.31	Officer Director	$0	$0	$0
KIMBERLY PAFUNDI	DIRECTOR	0.50	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
2022	$224,068	$225,638	$113,419	$-1,570

HAWAII KOREAN CHAMBER OF COMMERCE