HAWAII HEAT FC (EIN 821860122) - 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

MARK WATANABE

Phone

8087794722

Tax Period

2021-07-01 to 2022-06-30

HAWAII HEAT FC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $206K in total revenue in fiscal year 2021. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $273K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO BEING AN EDUCATIONAL ORGANIZATION PROMOTING TEAM BUILDING, SOCIAL AND ACADEMIC RESPONSIBILITY AND SELF-ESTEEM FOR HAWAII'S YOUTH THROUGH THE GAME OF SOCCER.

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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 $1,267

Program Service Revenue $203,495

Investment Income $246

Other Revenue $1,017

TOTAL REVENUE $206,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,221

Fundraising Expenses $56

Program Expenses $270,311

Other Expenses $109,604

TOTAL EXPENSES $272,825

Year-over-Year Comparison

	2021	2020	Change
Revenue	$206,025	$365,896	-0.4%
Expenses	$272,825	$301,893	-0.1%
Net Income	$-66,800	$64,003	-2.0%

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
SHARI TASAKA	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG NOSSE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GUIDRY	DIRECTOR	1.00	Director	$0	$0	$0
RENEE VILLANUEVA	DIRECTOR	1.00	Director	$0	$0	$0
JAY ELICKER	DIRECTOR	1.00	Director	$0	$0	$0
MARK WATANABE	PRESIDENT	1.00	Officer	$0	$0	$0
TRACY NAKASHIMA	TREASURER	1.00	Officer	$0	$0	$0
MILES TSURUOKA	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
2022	$206,025	$272,825	$93,760	$-66,800
2021	$365,896	$301,893	$160,560	$64,003
2020	$371,507	$340,873	$153,357	$30,634
2019	$361,362	$342,038	$65,923	$19,324
2018	$375,437	$328,838	$46,599	$46,599

HAWAII HEAT FC