Kealakai Center For Pacific String Traditions

EIN: 833322371 501(c)(3) Arts, Culture & Humanities

Honolulu, HI

Total Revenue
$279,563
Total Expenses
$313,598
Total Assets
$37,393
Net Assets
$-18,819
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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
2019
Legal Domicile
HI
Principal Officer
Kilin Reece
Phone
8083874583
Tax Period
2024-01-01 to 2024-12-31

Kealakai Center For Pacific String Traditions, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $280K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. Expenses of $314K exceeded revenue, resulting in a 12% operating deficit.

Mission

Live Concerts, Seminars, Publications,Music Recording, and archive historical instruments

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $279,563
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $279,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,818
Fundraising Expenses $0
Other Expenses $276,080
TOTAL EXPENSES $313,598

Year-over-Year Comparison

2024 2023 Change
Revenue $279,563 $126,276 +1.2%
Expenses $313,598 $171,704 +0.8%
Net Income $-34,035 $-45,428 -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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
1
$31,900
Total Directors
4
$31,900
Key Employees
1
$31,900
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kilin Reece Executive Director 040.00
Officer Director Key Emp Highest
$31,900 $0 $31,900
Ha'alilio Soloman President 005.00
Director
$0 $0 $0
Janice Hanley Taketa Secretary 005.00
Director
$0 $0 $0
Aloha McGuffie Treasurer 005.00
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
2024 $279,563 $313,598 $37,393 $-34,035
2023 $126,276 $171,533 $21,395 $-45,257
2022 $217,036 $244,663 $148,798 $-27,627
2021 $216,038 $158,810 $171,829 $57,228
2021 $216,038 $158,810 $171,829 $57,228
2020 $76,407 $64,316 $112,446 $12,091
2019 $98,827 $89,703 $14,058 $9,124
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