THE KOHANAIKI FOUNDATION (EIN 474611634) - 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

2015

Legal Domicile

Principal Officer

DERRICK FUKUMOTO

Phone

8088542802

Tax Period

2023-01-01 to 2023-12-31

THE KOHANAIKI FOUNDATION, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO SERVE THE YOUTH OF HAWAII THROUGH ITS SUPPORT FOR CULTURE, SCIENCE, EDUCATION AND RECREATION.

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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 $141,487

Program Service Revenue $0

Investment Income $0

Other Revenue $45,437

TOTAL REVENUE $186,924

Expense Breakdown

Grants Paid $275,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $275,000

Other Expenses $41,406

TOTAL EXPENSES $316,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,924	$282,334	-0.3%
Expenses	$316,406	$200,799	+0.6%
Net Income	$-129,482	$81,535	-2.6%

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

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
STEVEN ROSE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
DERRICK FUKUMOTO	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID REESE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY LIPINSKI	VICE PRES/SECRETARY/DIR	1.00	Officer	$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	$186,924	$316,406	$127,852	$-129,482
2022	$282,334	$200,799	$257,334	$81,535
2021	$212,377	$46,552	$175,799	$165,825
2020	$1,250	$213,243	$53,112	$-211,993
2019	$193,414	$140,261	$274,519	$53,153

THE KOHANAIKI FOUNDATION