HAWAII JOURNALISM INITIATIVE

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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

2022

Legal Domicile

Principal Officer

OFFICERS

Phone

8083445709

Tax Period

2025-01-01 to 2025-12-31

HAWAII JOURNALISM INITIATIVE, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2025. Revenue surged 1970% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 17% operating margin.

Mission

OUR MISSION IS TO HELP SUPPORT AND SUSTAIN A VIBRANT HEALTHY AND INFORMED COMMUNITY THROUGH PROFESSIONAL JOURNALISM AND ETHICAL NEWS REPORTING.

Program Service Accomplishments

Program 1

Expenses: $219,813

WE ACCOMPLISH OUR MISSION THROUGH INVESTIGATIVE JOURNALISM, GOVERNMENT AND CORPORATE ACCOUNTABILITY AND ANALYSIS, ENTERPRISE REPORTING AND OTHER RELEVANT LOCAL STORIES THAT BENEFIT OUR LOCAL...

WE ACCOMPLISH OUR MISSION THROUGH INVESTIGATIVE JOURNALISM, GOVERNMENT AND CORPORATE ACCOUNTABILITY AND ANALYSIS, ENTERPRISE REPORTING AND OTHER RELEVANT LOCAL STORIES THAT BENEFIT OUR LOCAL COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $263,630

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $263,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,813

Other Expenses $219,813

TOTAL EXPENSES $219,813

Year-over-Year Comparison

	2025	2024	Change
Revenue	$263,630	$12,738	+19.7%
Expenses	$219,813	$163,550	+0.3%
Net Income	$43,817	$-150,812	-1.3%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
RICHARD C BERGSON	President	Director	$0	$0	$0
JACK DUGAN	Secretary	Director	$0	$0	$0
MICHAEL ROUNTREE	Treasurer	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	$263,630	$219,813	$86,794	$43,817
2024	$12,738	$163,550	$49,981	$-150,812
2023	$230,000	$38,093	$202,307	$191,907
2022	No data	No data	No data	No data