HAWAII SYMPHONY ORCHESTRA

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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

2011

Legal Domicile

Principal Officer

AMY IWANO

Phone

8083807722

Tax Period

2023-07-01 to 2024-06-30

HAWAII SYMPHONY ORCHESTRA, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023.

Mission

TO PRESENT THE HIGHEST-QUALITY PERFORMANCES OF GREAT MUSIC, BRINGING NATIONAL AND INTERNATIONAL DISTINCTION TO THE ORCHESTRA AND ITS COMMUNITY.TO DELIGHT AND EDUCATE AUDIENCES OF ALL AGES AND BACKGROUNDS, AND ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THESE ISLANDS AND TO OPERATE IN A FINANCIALLY SOUND MANNER.

Program Service Accomplishments

Program 1

Expenses: $4,158,263 Revenue: $1,473,514

DURING THE FISCAL YEAR ENDED 6/30/24, HSO PRESENTED AN EIGHTEEN-WEEK SERIES CONCERTS AND HAPASYMPHONY CONCERTS. HSO ALSO PRESENTED THE SYMPHONY OF THE HAWAII FORESTS TO STUDENTS AS WELL AS NUMEROUS PETER AND THE WOLF CONCERTS THROUGHOUT THE SEASON. CONCERTS WERE HELD AT HAWAII THEATRE, WAIKIKI SHELL, MOANALUA HIGH SCHOOL PERFORMING ARTS CENTER. IN ADDITION, THE ORCHESTRA PERFORMED FOR HAWAII OPERA THEATRE AND BALLET HAWAII PRODUCTIONS.

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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 $3,595,927

Program Service Revenue $1,467,121

Investment Income $48

Other Revenue $44,441

TOTAL REVENUE $5,107,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,807,717

Fundraising Expenses $84,011

Program Expenses $4,158,263

Other Expenses $1,470,187

TOTAL EXPENSES $5,277,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,107,537	$5,109,783	0.0%
Expenses	$5,277,904	$5,234,393	+0.0%
Net Income	$-170,367	$-124,610	+0.4%

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

225

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

$199,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KOSASA	CHAIRMAN	4.00	Officer Director	$0	$0	$0
VICKY CAYETANO	VICE CHAIRWOMAN	4.00	Officer Director	$0	$0	$0
KENNETH ROBBINS	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON KRAVITT	TREASURER	2.00	Officer Director	$0	$0	$0
SHELLEY CRAMER	DIRECTOR	2.00	Director	$0	$0	$0
PETER DAMES	DIRECTOR	2.00	Director	$0	$0	$0
MITCHELL D'OLIER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD ING	DIRECTOR	2.00	Director	$0	$0	$0
DR TYRIE JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN KATZMAN	DIRECTOR	2.00	Director	$0	$0	$0
J DAVID KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
KATIE PICKMAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL TITTERTON	DIRECTOR	2.00	Director	$0	$0	$0
VIRGINIA TIU	DIRECTOR	2.00	Director	$0	$0	$0
JINYOUNG LEE WON	DIRECTOR	2.00	Director	$0	$0	$0
LUCY XIE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MOSS	FORMER PRESIDENT AND CEO	40.00	Officer	$174,038	$25,558	$199,596

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	No data	No data	No data	No data
2024	$5,107,537	$5,277,904	$778,694	$-170,367
2023	$5,109,783	$5,234,393	$866,053	$-124,610
2022	$5,732,337	$5,857,276	$1,519,510	$-124,939
2021	$3,427,588	$2,636,872	$1,894,808	$790,716
2021	$3,474,515	$2,657,462	$1,884,208	$817,053
2020	$5,979,944	$5,177,600	$1,221,320	$802,344
2020	$5,220,672	$5,176,375	$462,791	$44,297
2019	$4,486,862	$4,822,527	$233,607	$-335,665
2019	$4,475,562	$4,831,415	$213,863	$-355,853
2018	$4,209,551	$4,337,860	$358,224	$-128,309
2018	$4,202,877	$4,364,289	$357,866	$-161,412