HAWAII JAPANESE CENTER (EIN 470863357) - 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

2002

Legal Domicile

Principal Officer

GLADYS SONOMURA

Phone

8089349611

Tax Period

2023-11-01 to 2024-10-31

HAWAII JAPANESE CENTER, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 310% operating deficit.

Mission

THE HAWAII JAPANESE CENTER SERVES AS A BRIDGE FOR DIVERSE GENERATIONS OF THE FUTURE TO UNDERSTAND THE TRIUMPHS AND STRUGGLES OF JAPANESE IMMIGRANTS TO THE ISLAND OF HAWAII THROUGH ITS EDUCATIONAL AND CULTURAL ACTIVITIES AND ACCESS TO ITS COLLECTIONS OF RESOURCES.

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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 $40,337

Program Service Revenue $1,274

Investment Income $13

Other Revenue $20,358

TOTAL REVENUE $61,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,107

Fundraising Expenses $31,821

Program Expenses $140,082

Other Expenses $94,958

TOTAL EXPENSES $254,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,982	$77,954	-0.2%
Expenses	$254,065	$169,894	+0.5%
Net Income	$-192,083	$-91,940	+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

$36,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLACE T OKI	DIRECTOR	0.00	Director	$0	$0	$0
WAYNE KAMITAKI	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
GLADYS SONOMURA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS GOYA	DIRECTOR	1.00	Director	$0	$0	$0
ANN KIKUTA	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE MUKAI	DIRECTOR	1.00	Director	$0	$0	$0
HIROSHI SUGA	DIRECTOR	0.00	Director	$0	$0	$0
ARTHUR TANIGUCHI	DIRECTOR	0.00	Director	$0	$0	$0
ARNOLD HIURA	PRESIDENT	1.00	Officer	$24,700	$0	$24,700
ELOISE HIURA	TREASURER	19.00	Officer	$11,856	$0	$11,856

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	$61,982	$254,065	$820,098	$-192,083
2023	$77,954	$169,894	$995,081	$-91,940
2022	$50,459	$96,506	$727,021	$-46,047
2021	$114,147	$174,374	$773,068	$-60,227
2020	$97,737	$164,579	$833,211	$-66,842
2019	$76,424	$177,742	$900,053	$-101,318
2018	$131,486	$126,144	$1,001,371	$5,342

HAWAII JAPANESE CENTER