HIRAYA FOUNDATION FOR FILIPINO- AM… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

ROMULO AROMIN JR MD

Phone

7329252608

Tax Period

2023-01-01 to 2023-12-31

HIRAYA FOUNDATION FOR FILIPINO- AMERICAN HERITAGE PRESERV, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 75% operating margin.

Mission

HIRAYA FOUNDATION FOR THE FILIPINO-AMERICAN HERITAGE PRESERVATION, INC. (HIRAYA FOUNDATION) AIMS TO (I) CONTRIBUTE TO THE CONSERVATION OF ENDANGERED PHILIPPINE CRAFTS AND CULTURAL IDENTITIES AND HELP ELEVATE THESE TOWARDS SUSTAINABILITY AND PROGRESS AND (II) WORK TOWARDS THE CREATION OF A PERMANENT CULTURAL CENTER IN NEW YORK CITY FOR FILIPINOS, FILIPINO- AMERICANS AND THEIR SUPPORTERS. THE HIRAYA FOUNDATION SHALL SPEARHEAD THE EFFORTS OF THE FILIPINO-AMERICAN COMMUNITY IN PROMOTING AND PRESERVING FILIPINO HERITAGE IN THE UNITED STATES AND IN THE PHILIPPINES AND THE IMPORTANT CONTRIBUTIONS OF FILIPINOS TO AMERICAN SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $3,951

THE KAYUMANGI CHORALE AND MEET THE CONSUL GENERAL (CONGEN) EVENT IS A CULTURAL AND COMMUNITY ENGAGEMENT INITIATIVE ORGANIZED BY THE HIRAYA FOUNDATION, WHICH IS COMMITTED TO PROMOTING FILIPINO...

THE KAYUMANGI CHORALE AND MEET THE CONSUL GENERAL (CONGEN) EVENT IS A CULTURAL AND COMMUNITY ENGAGEMENT INITIATIVE ORGANIZED BY THE HIRAYA FOUNDATION, WHICH IS COMMITTED TO PROMOTING FILIPINO HERITAGE, ARTS, AND FOSTERING STRONG RELATIONSHIPS WITHIN THE FILIPINO DIASPORA. THIS EVENT AIMS TO BRING TOGETHER FILIPINOS AND OTHER CULTURAL ENTHUSIASTS TO CELEBRATE FILIPINO TALENT, CULTURE, AND ENGAGE WITH DIPLOMATIC FIGURES. KAYUMANGI CHORALE THE KAYUMANGI CHORALE IS A RENOWNED FILIPINO CHORAL GROUP KNOWN FOR ITS EXCEPTIONAL PERFORMANCES OF FILIPINO FOLK SONGS, CLASSICAL PIECES, AND CONTEMPORARY FILIPINO MUSIC. THEIR REPERTOIRE HIGHLIGHTS THE RICHNESS OF THE PHILIPPINES' CULTURAL HERITAGE, INCLUDING REGIONAL SONGS AND MODERN COMPOSITIONS THAT BLEND TRADITIONAL HARMONIES WITH CONTEMPORARY STYLES. THE CHORALES PERFORMANCES ARE NOT ONLY A CELEBRATION OF FILIPINO MUSIC BUT ALSO AN AVENUE FOR SHOWCASING THE ARTISTIC EXCELLENCE OF THE FILIPINO COMMUNITY. MEET THE CONSUL GENERAL (CONGEN) THE MEET THE CONGEN SEGMENT IS AN OPPORTUNITY FOR ATTENDEES TO ENGAGE DIRECTLY WITH THE CONSUL GENERAL OR DIPLOMATIC REPRESENTATIVE OF THE PHILIPPINES. THIS INFORMAL MEET-AND-GREET FOSTERS DIALOGUE BETWEEN THE FILIPINO COMMUNITY AND THE CONSULAR OFFICE, ALLOWING INDIVIDUALS TO ADDRESS CONCERNS, INQUIRE ABOUT CONSULAR SERVICES, OR SIMPLY INTERACT WITH THE CONSUL GENERAL ON MATTERS OF NATIONAL INTEREST. IT ALSO SERVES AS A PLATFORM FOR THE CONSUL GENERAL TO CONNECT WITH COMMUNITY MEMBERS AND SHARE UPDATES ON DIPLOMATIC INITIATIVES, CULTURAL EXCHANGE PROGRAMS, AND OTHER RELEVANT TOPICS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,150

Program Service Revenue $4,285

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,951

Other Expenses $9,028

TOTAL EXPENSES $9,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,435	$342,943	-0.9%
Expenses	$9,028	$413,520	-1.0%
Net Income	$26,407	$-70,577	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
LEONORA GALLEROS	TREASURER	2.00	Officer Director	$0	$0	$0
DELY GO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROMULO AROMIN JR MD	PRESIDENT/CH	2.00	Officer Director	$0	$0	$0
JOVY RABELAS	IMPLEMENTATI	2.00	Officer Director	$0	$0	$0
LARRY SAFRAIN	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2023	$35,435	$9,028	$3,139	$26,407

HIRAYA FOUNDATION FOR FILIPINO- AMERICAN HERITAGE PRESERV