HAWAII COUNTY FAIR FOUNDATION

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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

2017

Legal Domicile

Principal Officer

KELTON K CHANG

Phone

8089354002

Tax Period

2021-01-01 to 2021-12-31

Mission

THE HAWAII COUNTY FAIR FOUNDATION (THE ORGANIZATION) WAS ESTABLISHED IN ORDER TO CONTINUE FUNDING AND OPERATIONS OF THE HILO COUNTY FAIR, A LOCAL TRADITION WHICH HAS PROVIDED ENTERTAINMENT AND DELIGHT TO HUNDREDS OF THOUSANDS OF FAIR-GOERS SINCE ITS INCEPTION IN 1951. THE HILO COUNTY FAIR IS HELD ANNUALLY EACH FALL AT 323 MANONO STREET AT THE FRANCIS WONG STADIUM AND THE AFOOK-CHINEN CIVIC AUDITORIUM.

Program Service Accomplishments

Program 1

Expenses: $15,508

HOSTING OF THE ANNUAL HILO COUNTY FAIR. FOR A SMALL ISLAND COMMUNITY, THE HILO COUNTY FAIR PROVIDES AN EXCITING OCCASION WHERE FAMILIES GATHER AND ENJOY QUALITY TIME TOGETHER. IN ADDITION TO RIDES...

HOSTING OF THE ANNUAL HILO COUNTY FAIR. FOR A SMALL ISLAND COMMUNITY, THE HILO COUNTY FAIR PROVIDES AN EXCITING OCCASION WHERE FAMILIES GATHER AND ENJOY QUALITY TIME TOGETHER. IN ADDITION TO RIDES AND GAMES, THE FAIR HOSTS A WIDE VARIETY OF EDUCATIONAL AND COMMUNITY EXHIBITS, WHICH HIGHLIGHTS HILOS UNIQUE HISTORY AS AN AGRICULTURAL COMMUNITY AND A PLACE OF WIDE CULTURAL DIVERSITY. THE FAIR HAS BEEN A SETTING FOR MANY TO SHOWCASE THEIR TALENTS AND SKILLS. PERFORMANCES BY SCHOOL BANDS, LOCAL HULAUS (HULA), AND GARDENING EXHIBITIONS REPRESENT MANY OF THE ACTIVITIES WHICH TAKE PLACE AT THE FAIR. THE ORGANIZATION IS CURRENTLY EXPANDING THE RANGE OF DISPLAYS TO INCLUDE ANIMAL EXHIBITS IN AN EFFORT TO HIGHLIGHT LOCAL FARMS AND ACTIVITIES. PROCEEDS FROM THE FAIR REPRESENT A SUBSTANTIAL AMOUNT OF THE ORGANIZATIONS OVERALL REVENUE. THE PROCEEDS WILL BE USED TO ESTABLISH BOTH A TEMPORARY AND PERMANENT FUND SOURCE TO ENSURE THE ONGOING SUPPORT FOR THE HILO COUNTY FAIR. DUE TO THE COVID PANDEMIC, NO FAIR WAS HELD IN 2021.

Program 2

Expenses: $142

IMPROVEMENTS TO THE HILO COUNTY FAIRGROUNDS. THE HAWAII COUNTY FAIR FOUNDATION IS DEDICATED TO IMPROVING THE FACILITIES OF THE FAIRGROUNDS AND EVENT LOCATION. THE ORGANIZATION STRIVES TO CONSERVE THE AGRICULTURAL AND RURAL ROOTS OF THE HILO COMMUNITY WHILE CONTINUOUSLY WORKING TO MAKE IMPROVEMENTS WHICH REFLECT THESE LONG TRADITIONS. THE ORGANIZATION HAS BUDGETED 80,000 OF EXPENSES OVER THE THREE YEAR PERIOD OF 2019 THROUGH 2021 TO CONSTRUCT AND IMPROVE ON THE FAIRGROUNDS.

Program 3

Expenses: $7,000

GRANTS TO STUDENTS AND KAPUNA PROGRAMS. THE HAWAII COUNTY FAIR FOUNDATION IS AN INTEGRAL PART OF A SMALL AND CONNECTED RURAL COMMUNITY. THE BOARD OF DIRECTORS HAS ESTABLISHED A SCHOLARSHIP FUND...

GRANTS TO STUDENTS AND KAPUNA PROGRAMS. THE HAWAII COUNTY FAIR FOUNDATION IS AN INTEGRAL PART OF A SMALL AND CONNECTED RURAL COMMUNITY. THE BOARD OF DIRECTORS HAS ESTABLISHED A SCHOLARSHIP FUND WHEREBY STUDENTS PLANNING TO ATTEND AN EDUCATIONAL INSTITUTION MAY APPLY FOR 500 OR 1,000 GRANTS. THE HAWAII COUNTY FAIR FOUNDATION, AS PART OF THEIR STEWARDSHIP WITH THE HILO COMMUNITY, WORKS TO IMPROVE THE LIVES OF ITS KAPUNA (SENIOR CITIZENS) LIVING IN AND AROUND HILO. A TEAM OF VOLUNTEERS IS GATHERED BY THE ORGANIZATION AND FUNDS ARE PROVIDED TO SENIOR CENTERS TO ADD OR IMPROVE FACILITIES, WITH A FOCUS ON FITNESS AND HEALTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,650

Other Expenses $21,477

TOTAL EXPENSES $28,477

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	N/A	N/A
Expenses	$28,477	$47,545	-0.4%
Net Income	N/A	$-47,545	N/A

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

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
KELTON K CHANG	PRESIDENT	8.00	Officer Director	$0	$0	$0
LINNEA AGUIAR-BOTELHO	VICE PRES/TR	8.00	Officer Director	$0	$0	$0
LLOYDETTE HELENIHI	SECRETARY	3.00	Officer Director	$0	$0	$0
NORI ISHII	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL KIYOTSUKA	DIRECTOR	1.00	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
2021	No data	$28,477	$318,822	No data
2020	No data	$47,545	$347,299	No data
2019	$195,307	$118,050	$394,844	$77,257
2018	$214,762	$145,963	$317,903	$68,799