BANQUET SOLUTIONS HAWAII INC (EIN 823587586) - 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

2020

Legal Domicile

Principal Officer

JAMES P HARDWAY

Phone

8083806017

Tax Period

2023-01-01 to 2023-12-31

BANQUET SOLUTIONS HAWAII INC, founded in 2020, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MISSION OF BANQUET SOLUTIONS HAWAII, INC. (BSH) IS TO PROVIDE EDUCATION, TRAINING, AND JOB REFERRALS TO INDIVIDUALS WHO WANT TO PURSUE JOBS IN HIGH DEMAND INDUSTRIES IN THE STATE, INCLUDING, BUT NOT LIMITED TO, THE HEALTHCARE, TECHNOLOGY, AND HOSPITALITY INDUSTRIES. THE JOB REFERRAL FUNCTION INCLUDES TEMPORARY EMPLOYMENT SERVICES TO DISPLACED WORKERS THAT WILL PROVIDE WAGES AND HEALTHCARE, ON-THE-JOB TRAINING (OJT), AND JOB PLACEMENT.

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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 $296,379

Program Service Revenue $1,024,481

Investment Income $-4,000

Other Revenue $25,761

TOTAL REVENUE $1,342,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $989,421

Fundraising Expenses $0

Program Expenses $1,703,004

Other Expenses $867,766

TOTAL EXPENSES $1,857,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,342,621	$2,839,212	-0.5%
Expenses	$1,857,187	$3,239,833	-0.4%
Net Income	$-514,566	$-400,621	+0.3%

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

136

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
JUDY LILLY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TREVOR BRACHER	SECRETARY	1.00	Officer Director	$0	$0	$0
CADE WATANABE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GILL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P HARDWAY	PRESIDENT	20.00	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	No data	No data	No data	No data
2023	$1,342,621	$1,857,187	$525,765	$-514,566
2022	$2,839,212	$3,239,833	$1,044,883	$-400,621
2021	$5,260,599	$4,416,744	$1,523,848	$843,855
2020	$1,878,196	$1,557,558	$327,478	$320,638

BANQUET SOLUTIONS HAWAII INC