HAWAII AGRICULTURAL 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

DENISE YAMAGUCHI

Phone

8089279749

Tax Period

2023-01-01 to 2023-12-31

HAWAII AGRICULTURAL FOUNDATION, founded in 2007, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 7% surplus.

Mission

TO PROMOTE AGRICULTURE AND FARMING, AND TO ENHANCE ENVIRONMENTAL STEWARDSHIP IN THE STATE OF HAWAII, THROUGH AGRICULTURE RESEARCH, EDUCATION, TRAINING, MANAGEMENT AND PUBLIC OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $741,764 Revenue: $12,760

EDUCATIONAL PROGRAMS TO REACH OUT TO HAWAII'S YOUTH IN THE CLASSROOMS AND SCHOOLS TO EDUCATE THEM ABOUT FARMING OPERATIONS AND CAREERS, AND TO CREATE AN APPRECIATION FOR THE AGRICULTURAL INDUSTRY AT AN EARLY AGE. THIS COULD INVOLVE IN-CLASSROOM WORKSHOPS, FARM EXCURSIONS, AND THE DEVELOPMENT OF EDUCATIONAL MATERIALS. 2022 - 2023 SCHOOL YEAR: 6,000+ STUDENTS AT 115 PUBLIC/CHARTER SCHOOLS, INCLUDING 200+ PARTICIPATING TEACHERS.

Program 2

Expenses: $246,246 Revenue: $248,895

FARMER ASSISTANCE PROGRAMS WILL PROVIDE DIRECT, ON-THE-GROUND SUPPORT TO HAWAII'S FARMERS BY PROVIDING ACCESS TO FARMING OPPORTUNITIES, TECHNICAL INFORMATION AND ASSISTANCE, WORKSHOPS/SEMINARS ON...

FARMER ASSISTANCE PROGRAMS WILL PROVIDE DIRECT, ON-THE-GROUND SUPPORT TO HAWAII'S FARMERS BY PROVIDING ACCESS TO FARMING OPPORTUNITIES, TECHNICAL INFORMATION AND ASSISTANCE, WORKSHOPS/SEMINARS ON BUSINESS MATTERS (FINANCING, LOANS, INSURANCE, ETC.), AND MARKET DEVELOPMENT AND BRANDING, SO AS TO SUPPORT THE VIABILITY AND SUSTAINABILITY OF FARMING IN HAWAII.

Program 3

Expenses: $88,623 Revenue: $22,200

OUTREACH/PUBLIC AWARENESS PROGRAMS INVOLVE EDUCATING THE GENERAL PUBLIC OR KEY SECTORS THEREOF ABOUT THE IMPORTANCE OF SUPPORTING AGRICULTURE IN HAWAII AND THE BENEFITS THAT THE AGRICULTURAL INDUSTRY PROVIDES TO OUR STATE. THIS INCLUDES OUTREACH ACTIVITIES AND EVENTS SUCH AS THE FARM FAIR, FARMERS' MARKETS, AND HAWAII FOOD & WINE FESTIVAL-SHOWCASING FARM PRODUCTS, PROMOTING THE IMPORTANCE OF LOCALLY-GROWN FOOD/FOOD SECURITY AND SUSTAINABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,048,731

Program Service Revenue $271,095

Investment Income $4,725

Other Revenue $15,006

TOTAL REVENUE $1,339,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,404

Fundraising Expenses $31,994

Program Expenses $1,080,813

Other Expenses $712,536

TOTAL EXPENSES $1,242,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,339,557	$1,248,276	+0.1%
Expenses	$1,242,940	$1,303,972	0.0%
Net Income	$96,617	$-55,696	-2.7%

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

N/A

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

$172,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN OKIMOTO	CHAIR	0.50	Officer Director	$0	$0	$0
MAE NAKAHATA	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MEREDITH CHING	SECRETARY	0.50	Officer Director	$0	$0	$0
SUSAN CHAR	DIRECTOR	0.30	Director	$0	$0	$0
RUSSELL HATA	DIRECTOR	0.30	Director	$0	$0	$0
KEITH HORITA	DIRECTOR	0.30	Director	$0	$0	$0
LISA KIM	DIRECTOR	0.30	Director	$0	$0	$0
DICK JONES	DIRECTOR	0.30	Director	$0	$0	$0
DENISE YAMAGUCHI	EXEC. DIRECTOR/ASST SEC.	40.00	Officer	$172,008	$0	$172,008

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	No data	No data	No data	No data
2023	$1,339,557	$1,242,940	$1,078,815	$96,617
2022	$1,248,276	$1,303,972	$1,043,090	$-55,696
2021	$1,085,643	$968,231	$998,218	$117,412
2020	$1,074,869	$1,104,869	$973,815	$-30,000
2019	$1,042,018	$1,039,865	$887,683	$2,153
2018	$820,229	$826,337	$976,088	$-6,108