WLAM PROPERTY ASSOCIATION II (EIN 873814242) - 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

2021

Legal Domicile

Principal Officer

KAMAHANAHOKULANI FARRAR

Phone

2066235124

Tax Period

2024-07-01 to 2025-06-30

WLAM PROPERTY ASSOCIATION II, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 97% operating margin.

Mission

TO HOLD TITLE TO THE HOMESTEAD HOME PROPERTY FOR THE BENEFIT OF THE WING LUKE MEMORIAL FOUNDATION, DBA WING LUKE MUSEUM.

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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 $1,212,164

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,212,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,359

Other Expenses $40,359

TOTAL EXPENSES $40,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,212,164	$336,953	+2.6%
Expenses	$40,359	N/A	N/A
Net Income	$1,171,805	$336,953	+2.5%

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

$774,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOL B TAN	EXECUTIVE DI	N/A	Officer	$0	$8,446	$338,269
KAMAHANAHOKULANI FARRAR	INTERIM EXEC	0.00	Officer	$0	$14,546	$172,958
CASSANDRA CHINN	DEPUTY EXEC	N/A	Officer	$0	$7,518	$155,549
MONICA DAY	FINANCE DIRE	N/A	Officer	$0	$0	$107,722
ELLEN FERGUSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
DIANE SUGIMURA	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
MIMI GAN	SECRETARY	0.25	Officer Director	$0	$0	$0
SAI CHALEUNPHONH	TREASURER	0.25	Officer Director	$0	$0	$0
CHERA AMLAG	TRUSTEE	0.25	Director	$0	$0	$0
NANETTE FOK	TRUSTEE	0.25	Director	$0	$0	$0
JAMIE FORD	TRUSTEE	0.25	Director	$0	$0	$0
RACHAEL KITAGAWA	TRUSTEE	0.25	Director	$0	$0	$0
SHANNON LEE	TRUSTEE	0.25	Director	$0	$0	$0
GLORIA LUNG WAKAYAMA	TRUSTEE	0.25	Director	$0	$0	$0
PAT NORIKANE LOGERWELL	TRUSTEE	0.25	Director	$0	$0	$0
JULIEN LOH	TRUSTEE	0.25	Director	$0	$0	$0
MIDORI MATSUI	TRUSTEE (END	0.25	Director	$0	$0	$0
MAYA MENDOZA-EXSTROM	TRUSTEE	0.25	Director	$0	$0	$0
MICHAEL MYINT	TRUSTEE	0.25	Director	$0	$0	$0
MARK TAKAGI	TRUSTEE	0.25	Director	$0	$0	$0
ADRIEL TAM	TRUSTEE	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
2025	$1,212,164	$40,359	$5,300,960	$1,171,805
2024	$336,953	No data	$4,059,320	No data
2023	$89,052	No data	$3,659,052	No data
2022	$2,827,433	$69,933	$3,570,000	$2,757,500

WLAM PROPERTY ASSOCIATION II