Hawaii Performing Arts Festival 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

2005

Legal Domicile

Principal Officer

Irma SInger

Tax Period

2023-01-01 to 2023-12-31

Hawaii Performing Arts Festival Inc, founded in 2005, is a small nonprofit in the Education sector that reported $428K in total revenue in fiscal year 2023.

Mission

Classical music training and performing arts program

Program Service Accomplishments

Program 1

Expenses: $424,389

Hawaii performing arts festival has in the past produced 18 concerts and performances with over 5,400 audience members in attendance during the 2023 fiscal year, including performances that were free to the public. We served 65 students in our musical training program and provided 25% of those students with tuition assistance and scholarships.

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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 $179,201

Program Service Revenue $248,933

Investment Income $4

Other Revenue $0

TOTAL REVENUE $428,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $240

Program Expenses $424,389

Other Expenses $428,574

TOTAL EXPENSES $428,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,138	$424,546	+0.0%
Expenses	$428,574	$454,283	-0.1%
Net Income	$-436	$-29,737	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Moniz	Director	2.00	Director	$0	$0	$0
Val George Underwood	President	2.00	Officer	$0	$0	$0
Irma SInger	Treasurer	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$428,138	$428,574	$62,165	$-436
2022	$424,546	$454,283	$62,232	$-29,737
2021	$39,090	$84,851	$91,969	$-45,761
2020	$180,128	$70,888	$142,572	$109,240
2019	$435,501	$472,479	$38,537	$-36,978
2018	$497,832	$485,433	$89,514	$12,399