KULIA EDUCATION FOUNDATION

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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

Phone

8085511413

Tax Period

2023-07-01 to 2024-06-30

KULIA EDUCATION FOUNDATION, founded in 2022, is a small nonprofit in the Education sector that reported $580K in total revenue in fiscal year 2023. Expenses of $527K left a modest 9% surplus.

Mission

The mission of Kulia Academy is to prepare a diverse student population for success in college and beyond. Our goal is to educate future contributors to society by offering a comprehensive learning experience that meets the needs of our students through effective site-based instruction, rich hands-on learning, and foundational skills presented in ways that are both relevant and inspiring.

Program Service Accomplishments

Program 1

Expenses: $373,745

US Department of Education. Kulia Education Foundation advanced the launch of Kulia Academy, a Hawaii public charter school dedicated to preparing a diverse student population for success in college and beyond. In fiscal year 20232024, we secured significant federal and foundation funding, finalized curriculum, expanded outreach and enrollment efforts, hired instructional and administrative staff, and outfitted the campus. These efforts culminated in the full readiness of the Academy to open in August 2024, with a focus on delivering relevant, hands-on learning and foundational skills to inspire lifelong success

Program 2

Expenses: $48,817

Harold K.L Castle Grant. With support from the Harold K.L. Castle Foundation, Kulia Education Foundation advanced the marketing and staff recruitment efforts necessary to launch Kulia Academy, a...

Harold K.L Castle Grant. With support from the Harold K.L. Castle Foundation, Kulia Education Foundation advanced the marketing and staff recruitment efforts necessary to launch Kulia Academy, a public charter school focused on IT skills and project-based learning. Activities included promotional campaigns and hiring key personnel to ensure a strong school opening and alignment with academic goals for underserved students in Kalihi.

Program 3

Expenses: $461

Kosasa Foundation Grant. Through a grant from the Kosasa Foundation, Kulia Education Foundation supported the development of Kulia Academy, Hawaiis first public charter school with a focus on...

Kosasa Foundation Grant. Through a grant from the Kosasa Foundation, Kulia Education Foundation supported the development of Kulia Academy, Hawaiis first public charter school with a focus on computer science and artificial intelligence. Grant funds were used to strengthen school readiness and community engagement leading up to the Academys August 2024 opening.

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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 $580,443

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $580,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,973

Fundraising Expenses $31,495

Program Expenses $423,023

Other Expenses $214,724

TOTAL EXPENSES $526,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,443	N/A	N/A
Expenses	$526,697	N/A	N/A
Net Income	$53,746	N/A	N/A

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

$176,808

Total Directors