ARIZONA ALOHA FESTIVALS 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

1998

Legal Domicile

Principal Officer

Robert Bacon

Phone

6026971824

Tax Period

2024-06-01 to 2025-05-31

ARIZONA ALOHA FESTIVALS INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2024. Expenses of $230K left a modest 14% surplus.

Mission

Primary Exempt Purpose - The primary purpose of Arizona Aloha Festivals, Inc. is to plan and produce a cultural festival providing an opportunity to educate the general public about the cultures and lifestyles of Hawaii and other Polynesian islands. Arizona Aloha Festivals Inc is 100% run and staged by volunteers. The organization has never paid salaries and/or benefits to anyone during its entire existence.

Program Service Accomplishments

Program 1

Expenses: $229,989 Revenue: $257,153

Arizona Aloha Festivals, Inc has successfully produced the Arizona Aloha Festival for 30 years. Over the years, the Festival has received funding from both state and local arts commissions, local...

Arizona Aloha Festivals, Inc has successfully produced the Arizona Aloha Festival for 30 years. Over the years, the Festival has received funding from both state and local arts commissions, local governments, corporations, and donations from the public at large. The Board of Directors provides strong financial oversight and its members come from diverse fields. The Chairperson is appointed by the Board and reports directly to them. The Chair appoints the Planning Committee which is composed of chairs of the various committees responsible for operations and programming. All Board of Directors and Planning Committee members are volunteers. The Festival's programming is known throughout the community, state, and region and regularly lands on lists of top events in the Phoenix metro area and Arizona. The strength of the organization lies in its diversity. The Festival enjoys strong support from local South Pacific Islander organizations such as cultural dance schools and performing groups, Hawaiian outrigger canoe clubs and other sports organizations, corporate supporters, donors, and more. The 2025 Festival provided a range of cultural activities to the public and to the collaborating partners. While accommodating some layout and programming changes per local requirements, we continued promoting South Pacific Islanders cultural diversity, diversity of the cultural art forms presented by our vendors, and a variety of South Pacific foods, both traditional and island-inspired. Over 150,000 people came to celebrate the Aloha Spirit and support the Festival through volunteering, shopping, eating, and being an enthusiastic and inquisitive participant in the event.

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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 $9,552

Program Service Revenue $247,601

Investment Income $9,111

Other Revenue $0

TOTAL REVENUE $266,264

Expense Breakdown

Grants Paid $76

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,989

Other Expenses $229,913

TOTAL EXPENSES $229,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,264	$247,834	+0.1%
Expenses	$229,989	$221,506	+0.0%
Net Income	$36,275	$26,328	+0.4%

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

450

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
Varen E Berryman	President and Director	5	Officer Director	$0	$0	$0
Joel N Madsen	Vice President and Director	2	Officer Director	$0	$0	$0
Robert O Bacon	Secretary/Treasurer and Director	8.00	Officer Director	$0	$0	$0
Laupanana W Iaulualo	Director	2	Director	$0	$0	$0
Michelle M Herrera	Director	2	Director	$0	$0	$0
Patricia L Novak	Director	2	Director	$0	$0	$0
Lani Auwen	Director	2	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
2025	$266,264	$229,989	$280,297	$36,275
2024	$247,834	$221,506	$247,022	$26,328
2023	$231,785	$199,159	$223,693	$32,626
2022	$211,148	$169,741	$185,067	$41,407