FRIENDS OF WAIALUA ROBOTICS (EIN 811144400) - 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

2016

Legal Domicile

Principal Officer

GLENN LEE

Phone

8087812228

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF WAIALUA ROBOTICS, founded in 2016, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $236K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO RAISE FUNDS TO SUPPORT THE WAIALUA ROBOTICS PROGRAM AND ITS VISION AND MISSION. OUR GOAL IS TO ENCOURAGE AND TO EXPOSE STUDENTS TO ACTIVITIES THAT RELATE DIRECTLY TO CAREERS IN MATH AND SCIENCE-RELATED FIELDS. ACTIVITIES INCLUDE PARTICIPATION IN ROBOTIC COMPETITIONS, AT STEM OUTREACH EVENTS AND IN THE USE OF INDUSTRIAL EQUIPMENT

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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 $198,701

Program Service Revenue $0

Investment Income $0

Other Revenue $13,592

TOTAL REVENUE $212,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,569

Other Expenses $235,926

TOTAL EXPENSES $235,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,293	$131,842	+0.6%
Expenses	$235,926	$51,450	+3.6%
Net Income	$-23,633	$80,392	-1.3%

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

$34,220

Total Directors

$2,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN LEE	PRESIDENT	25.00	Officer	$15,870	$0	$15,870
SEAN LUNASCO	VICE PRESIDE	25.00	Officer	$12,450	$0	$12,450
LINDA SOUZA	TREASURER	10.00	Officer	$3,450	$0	$3,450
MELVIN MATSUNAGA	DIRECTOR	N/A	Director	$2,450	$0	$2,450
RHEA MAE ARELLANO	SECRETARY	10.00	Officer	$2,450	$0	$2,450

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	$212,293	$235,926	$226,807	$-23,633

FRIENDS OF WAIALUA ROBOTICS