HAWAII KOREAN CHAMBER OF COMMERCE FOUNDATION (EIN 815384641) - 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

2017

Legal Domicile

Principal Officer

GINA K NAKAMURA

Phone

8085443581

Tax Period

2024-01-01 to 2024-12-31

HAWAII KOREAN CHAMBER OF COMMERCE FOUNDATION, founded in 2017, is a small nonprofit in the Civil Rights & Advocacy sector that reported $222K in total revenue in fiscal year 2024. The organization ran a surplus of $43K, a strong 19% operating margin.

Mission

TO PROMOTE AND STRENGTHEN OUR DIVERSE COMMUNITY BY EDUCATING PRESENT AND FUTURE GENERATIONS IN THE EVOLVING KOREAN-AMERICAN EXPERIENCE IN HAWAII.

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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 $207,714

Program Service Revenue $14,016

Investment Income $0

Other Revenue $0

TOTAL REVENUE $221,730

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,471

Other Expenses $172,909

TOTAL EXPENSES $178,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,730	N/A	N/A
Expenses	$178,909	N/A	N/A
Net Income	$42,821	N/A	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

200

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
KAREN CHOE	DIRECTOR	0.25	Director	$0	$0	$0
SHANNON HACKETT	DIRECTOR	0.25	Director	$0	$0	$0
DAEJIN KIM	DIRECTOR	0.25	Director	$0	$0	$0
JASON NAM	DIRECTOR	0.25	Director	$0	$0	$0
RYAN HAMADON	TREASURER	0.50	Officer	$0	$0	$0
GINA K NAKAMURA	PRESIDENT	3.00	Officer	$0	$0	$0
GRACE OGAWA	SECRETARY	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	$221,730	$178,909	$5,490	$42,821

HAWAII KOREAN CHAMBER OF COMMERCE FOUNDATION