442ND LEGACY CENTER

EIN: 812642707 501(c)(3) Public & Societal Benefit

HONOLULU, HI

Total Revenue
$232,585
Total Expenses
$85,968
Total Assets
$1,148,445
Net Assets
$1,136,097
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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
HI
Principal Officer
MELVIN KANESHIGE
Phone
8089497997
Tax Period
2024-01-01 to 2024-12-31

442ND LEGACY CENTER, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $233K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $147K, a strong 63% operating margin.

Mission

FORM 990 - ORGANIZATION'S MISSION TO ESTABLISH, DEVELOP, CONSTRUCT EQUIP AND OPERATE A LEGACY CENTER CELEBRATING THE ACHIEVEMENTS OF THE 442ND REGIMENTAL COMBAT TEAM AND TO ACT AS AN ARCHIVE REPOSITORY OF RECORDS, ARTIFACTS, AND MEMORABILIA OF THE 442ND REGIMENTAL COMBAT TEAM. FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990: A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW AND APPROVAL. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: NO DOCUMENTS AVAILABLE TO THE PUBLIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,750
Program Service Revenue $0
Investment Income $33
Other Revenue $99,802
TOTAL REVENUE $232,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,564
Fundraising Expenses $0
Program Expenses $76,891
Other Expenses $30,404
TOTAL EXPENSES $85,968

Year-over-Year Comparison

2024 2023 Change
Revenue $232,585 $400,483 -0.4%
Expenses $85,968 $85,450 +0.0%
Net Income $146,617 $315,033 -0.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
6
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE FUJII DIRECTOR N/A
Director
$0 $0 $0
WAYNE KUWATA DIRECTOR N/A
Director
$0 $0 $0
ESTHER UMEDA DIRECTOR N/A
Director
$0 $0 $0
MAE ISONAGA DIRECTOR/2ND N/A
Officer
$0 $0 $0
DANIEL KEN INOUYE JR DIRECTOR/SEC N/A
Officer
$0 $0 $0
MELVIN KANESHIGE DIRECTOR/PRE N/A
Officer
$0 $0 $0
CLAIRE MITANI ASST SECRETA N/A
Officer
$0 $0 $0
PATRICIA MURAKAMI DIRECTOR/TRE N/A
Officer
$0 $0 $0
KARL OKEMURA DIRECTOR/VIC N/A
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 $232,585 $85,968 $1,148,445 $146,617
2023 $400,483 $85,450 $989,777 $315,033
2022 $109,570 $126,732 $673,025 $-17,162
2021 $116,888 $89,847 $690,202 $27,041
2020 $183,461 $87,415 $666,083 $96,046
2019 $141,189 $102,237 $569,689 $38,952
2019 $141,189 $102,237 $569,689 $38,952
2018 $177,728 $143,552 $482,061 $34,176
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