HOIWAI FUND (EIN 850701521) - 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

Ashley Lukens

Phone

8086870087

Tax Period

2023-01-01 to 2023-12-31

HOIWAI FUND, founded in 2020, is a small nonprofit that reported $465K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 27% operating margin.

Mission

Serves as a convener, trainer, resource center, service provider and advocate for philanthropic issues of interest to Hawaii donors.

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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 $424,350

Program Service Revenue $1,586

Investment Income $0

Other Revenue $38,987

TOTAL REVENUE $464,923

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $3,141

Fundraising Expenses $0

Program Expenses $292,452

Other Expenses $304,330

TOTAL EXPENSES $337,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,923	$324,750	+0.4%
Expenses	$337,471	$248,582	+0.4%
Net Income	$127,452	$76,168	+0.7%

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

$3,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Co-Founder	5	Director	$3,141	$0	$3,141
Ashley Lukens	Co-Founder	5	Director	$0	$0	$0
Cheryl Ka'uhane Lupenui	Board Chair	1	Officer	$0	$0	$0
Matt DeKneef	Board Secretary	0.5	Officer	$0	$0	$0
Claire Sullivan	Board Member	0.5	Officer	$0	$0	$0
Anne Swayne	Board Member	0.5	Officer	$0	$0	$0
David Leon	Board Member	0.05	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	$464,923	$337,471	$298,764	$127,452
2022	$324,750	$248,582	$177,264	$76,168

HOIWAI FUND