THE RAFU SHIMPO FOUNDATION INC

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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

MICHAEL KOMAI

Phone

2136292231

Tax Period

2024-01-01 to 2024-12-31

THE RAFU SHIMPO FOUNDATION INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $48K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 21% operating margin.

Mission

SUPPORT COMMUNITY ACTIVITIES AND ORGANIZATIONS RECOGNIZING THE HISTORY, HERITAGE AND CONTRIBUTIONS OF ASIAN AMERICANS

Program Service Accomplishments

Program 1

Expenses: $37,229

COMMUNITY CONTRIBUTIONS TO THE JAPANESE AMERICAN COMMUNITY FOR SCHOLARSHIPS AND AWARDS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,037

Program Service Revenue $0

Investment Income $1,825

Other Revenue $44,717

TOTAL REVENUE $47,579

Expense Breakdown

Grants Paid $37,229

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,229

Other Expenses $175

TOTAL EXPENSES $37,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,579	$24,763	+0.9%
Expenses	$37,404	$17,675	+1.1%
Net Income	$10,175	$7,088	+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

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
MICHAEL KOMAI	PRESIDENT	002.00	Officer Director Key Emp	$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	$47,579	$37,404	$143,609	$10,175
2022	$10,543	$9,775	$126,346	$768
2021	$8,911	$1,595	$125,578	$7,316
2020	$24,860	$8,080	$118,262	$16,780
2019	$26,502	$21,425	$101,482	$5,077
2018	$42,979	$18,977	$96,405	$24,002