BUDOKAN INC (EIN 822237366) - 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

ERICH NAKANO

Phone

2134733030

Tax Period

2023-01-01 to 2023-12-31

BUDOKAN INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $297K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 361% operating deficit.

Mission

TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO.

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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 $0

Program Service Revenue $297,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $297,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,368,261

Other Expenses $1,368,403

TOTAL EXPENSES $1,368,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,000	$297,000	N/A
Expenses	$1,368,403	$1,403,156	0.0%
Net Income	$-1,071,403	$-1,106,156	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL WATANABE	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
SILVIA YOSHIMIZU	DIRECTOR	1.00	Director	$0	$0	$0
ALAN KOSAKA	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH TERASAKI	DIRECTOR	1.00	Director	$0	$0	$0
ERICH NAKANO	SECRETARY	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$297,000	$1,368,403	$28,597,344	$-1,071,403
2022	$297,000	$1,403,156	$29,667,033	$-1,106,156
2021	$297,000	$1,367,018	$30,771,475	$-1,070,018
2020	$298,659	$546,787	$31,904,313	$-248,128
2019	$49,500	$1,714	$33,743,291	$47,786
2018	$1,583,683	$5,000	$32,544,070	$1,578,683

BUDOKAN INC