LEGACY OF ALOHA FOUNDATION INC

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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

Principal Officer

JACQUELINE REED

Phone

8587202395

Tax Period

2024-01-01 to 2024-12-31

LEGACY OF ALOHA FOUNDATION INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $263K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $226K left a modest 14% surplus.

Mission

THE LEGACY OF ALOHA FOUNDATION, INC. (HEREINAFTER THE ORGANIZATION) IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION FOUNDED BY T S RESTAURANTS TO CARRY OUT CHARITABLE EFFORTS IN THE COMMUNITIES WHERE T S EMPLOYEES LIVE, WORK AND PLAY.

Program Service Accomplishments

Program 1

Expenses: $164,000

COMMUNITY DISASTER AWARENESS AND RESPONSE - THE ORGANIZATION CREATES AWARENESS LOCALLY AND NATIONALLY, WITH THE PURPOSE OF GENERATING SUPPORT TO PROVIDE RELIEF TO THOSE AFFECTED. FUNDS RAISED ARE...

COMMUNITY DISASTER AWARENESS AND RESPONSE - THE ORGANIZATION CREATES AWARENESS LOCALLY AND NATIONALLY, WITH THE PURPOSE OF GENERATING SUPPORT TO PROVIDE RELIEF TO THOSE AFFECTED. FUNDS RAISED ARE GRANTED TO COMMUNITY ORGANIZATIONS ASSITING WITH DISASTER RELIEF OR TO INDIVIDUALS AFFECTED. GRANTS TO INDIVIDUALS ARE APPROVED BY AN INDEPENDENT SELECTION COMMITTEE NOT AFFILIATED WITH THE ORGANIZATION OR T S RESTAURANTS. THE COMMITTEE DETERMINES THE NEEDS, MERITS AND AVAILABILITY OF FUNDS TO BE DISTRIBUTED BY THIS PROGRAM, AND MAY REQUIRE PROSPECTIVE RECIPIENTS TO SUBMIT AN APPLICATION OR PROPOSAL TO BE CONSIDERED.

Program 2

COMMUNITIES GRANTS - THE ORGANIZATION ENGAGES IN COMMUNITY GRANTMAKING EFFORTS TO OTHER NONPROFIT ORGANIZATIONS THAT ARE FOCUSED ON SUPPORTING THE LONGEVITY AND SUCCESS OF LOCAL COMMUNITIES AND...

COMMUNITIES GRANTS - THE ORGANIZATION ENGAGES IN COMMUNITY GRANTMAKING EFFORTS TO OTHER NONPROFIT ORGANIZATIONS THAT ARE FOCUSED ON SUPPORTING THE LONGEVITY AND SUCCESS OF LOCAL COMMUNITIES AND EMBODY T S RESTAURANTS VALUES OF 'OHANA, CONTINUOUS IMPROVEMENT, SERVING ONE'S COMMUNITIES, PRIDE IN ONE'S EMPLOYEES, AND FUN. THE ORGANIZATION'S BOARD OF DIRECTORS AND OFFICERS DETERMINES THE NEEDS, MERITS AND AVAILABILITY OF FUNDS TO BE DISTRIBUTED BY THIS PROGRAM, AND MAY REQUIRE PROSPECTIVE RECIPIENTS TO SUBMIT AN APPLICATION OR PROPOSAL TO BE CONSIDERED.

Program 3

Expenses: $48,000

LEGACY OF ALOHA SCHOALRSHIP PROGRAM - THE ORGANIZATION PROVIDES ANNUAL SCHOLARSHIPS TO T S RESTAURANT EMPLOYEES OR THEIR CHILDREN FOR EDUCATIONAL PURPOSES, INCLUDING, PURSING EDUCATION AT AN...

LEGACY OF ALOHA SCHOALRSHIP PROGRAM - THE ORGANIZATION PROVIDES ANNUAL SCHOLARSHIPS TO T S RESTAURANT EMPLOYEES OR THEIR CHILDREN FOR EDUCATIONAL PURPOSES, INCLUDING, PURSING EDUCATION AT AN ACCREDITED 2- YEAR COLLEGE, 4- YEAR UNIVERSITY, TRADE OR VOCATIONAL SCHOOL, OR GRADUATE PROGRAM. THESE SCHOLARSHIP AWARDS WILL PROMOTE THE CONTINUED EDUCATION AND GROWTH OF THE INDIVIDUALS WHO LIVE, WORK AND PLAY IN THE COMMUNITIES AND NEIGHBORHOODS IN WHICH T S RESTAURANTS ARE LOCATED. A SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS AND DETERMINES THE SCHOLARSHIP RECIPIENTS.

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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 $262,512

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $262,512

Expense Breakdown

Grants Paid $212,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,000

Other Expenses $14,111

TOTAL EXPENSES $226,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,512	$1,953,317	-0.9%
Expenses	$226,111	$1,913,550	-0.9%
Net Income	$36,401	$39,767	-0.1%

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
SUSANNE SAXTEN	BOARD CHAIR, PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
JACQUELINE RENE REED	DIRECTOR, CFO/TREASURER/SE	0.50	Officer Director	$0	$0	$0
JAMES ROBERT THIBAUT	DIRECTOR	0.25	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	$262,512	$226,111	$85,536	$36,401
2023	$1,953,317	$1,913,550	$154,135	$39,767