HAWAII 3RS

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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

2001

Legal Domicile

Principal Officer

LINDA CHU TAKAYAMA

Phone

8087686638

Tax Period

2023-01-01 to 2023-12-31

HAWAII 3RS, founded in 2001, is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 208917% from the prior year, signaling strong growth momentum.

Mission

PURPOSES ARE TO FURTHER CHARITABLE, LITERARY, RELIGIOUS OR EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3), INCLUDING BUT NOT LIMITED TO, (1) ADDRESS THE PROBLEM OF THE LACK OF RESOURCES FOR HAWAII'S PUBLIC SCHOOLS, AND (2) TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 503(C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $8,642,929

REPAIR, REMODEL AND RESTORE HAWAII'S PUBLIC SCHOOLS: THE ORGANIZATION AWARDS GRANTS TO PUBLIC SCHOOLS FOR REPAIR AND MAINTENANCE PROJECTS INCLUDING PAINTING, LANDSCAPING, AND GENERAL CLEANUP. FUNDS ARE GENERATED FROM PRIVATE CONTRIBUTIONS, LEGISLATIVE APPROPRIATIONS AND A CHECKOFF ON THE STATE TAX FORM. VOLUNTEERS ARE RECRUITED TO PROVIDE "SWEAT EQUITY" FOR EACH PROJECT EQUAL TO AT LEAST HALF OF THE REQUESTED GRANT AMOUNT. SINCE ITS INCEPTION IN 2001, HAWAII 3RS HAS CONDUCTED 500 PROJECTS AT SCHOOLS ACROSS THE STATE, SAVING THE STATE MORE THAN $40 MILLION.HAWAII 3RS ALSO PARTNERED WITH THE STATE DEPARTMENT OF EDUCATION (DOE) TO ESTABLISH THE CONGRESSMAN K. MARK TAKAI TRANSITION CENTERS IN KEY SCHOOLS. THE CENTERS ARE DESIGNED TO HELP NEW STUDENTS ACCLIMATE TO THE ENVIRONMENT AND CULTURE TO THEIR NEW SCHOOL. AS A RESULT OF A ONE-TIME APPROPRIATION OF $10 MILLION, HAWAII 3RS CONDUCTED AN EXPANDED PROJECT LIST OF REPAIR AND MAINTENANCE ON SCHOOLS ACROSS THE STATE.THE STATE DEPARTMENT OF EDUCATION REQUESTED THE ASSISTANCE OF HAWAII 3RS TO COMPLETE DEVELOPMENT AND RENOVATION OF CLASSROOM SPACE FOR A UNIQUE HEALTH ACADEMY DESIGNED TO PROVIDE TRAINING AND SERVICES TO SCHOOL STUDENTS AND RESIDENTS AT WAIPAHU HIGH SCHOOL. THE STATE DEPARTMENT OF EDUCATION DESIGNATED AND FUNDED HAWAII 3RS TO INSTALL PLAYGROUNDS AT EVERY ELEMENTARY SCHOOL IN THE STATE. EVENTUALLY, THE DOE HAS INDICATED IT WOULD ALSO EXPAND THE PROJECT TO INCLUDE MIDDLE AND HIGH SCHOOLS.

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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 $8,749,468

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,749,468

Expense Breakdown

Grants Paid $8,471,779

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,642,929

Other Expenses $228,339

TOTAL EXPENSES $8,700,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,749,468	$4,186	+2089.2%
Expenses	$8,700,118	$117,227	+73.2%
Net Income	$49,350	$-113,041	-1.4%

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

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
ALAN OSHIMA	CHAIRMAN/DIRECTOR	0.50	Director	$0	$0	$0
LINDA CHU TAKAYAMA	TREASURER/DIRECTOR	2.00	Director	$0	$0	$0
EDMUND ACZON	DIRECTOR	0.25	Director	$0	$0	$0
LYNN WATANABE	DIRECTOR	0.25	Director	$0	$0	$0
ROY AMEMIYA	DIRECTOR	0.25	Director	$0	$0	$0
NOLAN KAWANO	DIRECTOR	0.25	Director	$0	$0	$0
KEITH HAYASHI	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$8,749,468	$8,700,118	$29,035,965	$49,350
2022	$4,186	$117,227	$4,316,677	$-113,041
2021	$254,419	$2,734,428	$2,105,193	$-2,480,009
2020	$10,310,754	$7,166,142	$3,939,301	$3,144,612
2019	$462,771	$465,243	$402,052	$-2,472
2018	$296,723	$323,737	$443,266	$-27,014