THE PARNASSUS SOCIETY

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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

2015

Legal Domicile

Principal Officer

KENNETH TOKITA MD

Phone

9499513530

Tax Period

2025-01-01 to 2025-12-31

THE PARNASSUS SOCIETY, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2025. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 41% operating margin.

Mission

NURTURE THE DEVELOPMENT AND PROFESSIONAL CAREERS OF PROMISING YOUNG ARTISTS AND MUSICIANS.

Program Service Accomplishments

Program 1

Expenses: $136,807 Revenue: $33,313

SOKA UNIVERSITY MUSICAL PERFORMANCE EXPENSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $202,478

Program Service Revenue $33,313

Investment Income $0

Other Revenue $0

TOTAL REVENUE $235,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,807

Other Expenses $138,483

TOTAL EXPENSES $138,483

Year-over-Year Comparison

	2025	2024	Change
Revenue	$235,791	$87,217	+1.7%
Expenses	$138,483	$107,497	+0.3%
Net Income	$97,308	$-20,280	-5.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH M TOKITA MD	DIRECTOR/CEO	4.00	Officer Director	$0	$0	$0
SANDY TOKITA	DIRECTOR	4.00	Director	$0	$0	$0
KARL TOKITA	DIRECTOR/CFO/SECRETARY	4.00	Officer 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
2025	$235,791	$138,483	$198,409	$97,308