TRUE INITIATIVE

EIN: 883615707 501(c)(3) Education

HONOLULU, HI

Total Revenue
$217,550
Total Expenses
$287,885
Total Assets
$86,144
Net Assets
$86,144
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
HI
Principal Officer
NICOLE CACAL
Phone
8087844061
Tax Period
2024-01-01 to 2024-12-31

TRUE INITIATIVE, founded in 2022, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $288K exceeded revenue, resulting in a 32% operating deficit.

Mission

TRUE INITIATIVE IS AN EDUCATIONAL NONPROFIT THAT WILL ASSIST HAWAII INDIVIDUALS AND BUSINESSES TO BETTER USE, INTEGRATE, AND ADOPT TECHNOLOGY WITH ITS MISSION TO DEVELOP A TECHNOLOGICALLY CAPABLE WORKFORCE IN THE STATE OF HAWAII.

Program Service Accomplishments

Program 1
Expenses: $233,528 Revenue: $88,575

TRUE WILL HOST SEMINARS AND WORKSHOPS, AND WILL ALSO SPONSOR PILOT PROJECTS TO ENCOURAGE A BETTER UNDERSTANDING OF TECHNOLOGY AND ITS USES IN HAWAII. HAWAII HAS TRADITIONALLY BE SLOW TO ADOPT...

Read more

TRUE WILL HOST SEMINARS AND WORKSHOPS, AND WILL ALSO SPONSOR PILOT PROJECTS TO ENCOURAGE A BETTER UNDERSTANDING OF TECHNOLOGY AND ITS USES IN HAWAII. HAWAII HAS TRADITIONALLY BE SLOW TO ADOPT TECHNOLOGY, AND TRUE INTENDS TO REVERSE THAT TREND TO HELP LOCAL ORGANIZATIONS SUCCEED, DIVERSIFY HAWAII'S ECONOMY, AND HELP HAWAII BECOME A PLACE WHERE ALL RESIDENCE CAN THRIVE. USE CASES - ON A MONTHLY BASIS, TRUE WILL HOST A SEMINAR TO HIGHLIGHT A SUCCESSFUL IMPLEMENTATION OF A TECHNOLOGY OR TOOL THAT HAS IMPACTED AN ORGANIZATION IN EITHER THE PUBLIC OR PRIVATE SECTOR. THE SEMINAR WILL BE ORGANIZED AS AN IN-PERSON GATHERING WITH ORGANIZATIONAL LEADERS AND THEIR TEAMS INVITED TO ATTEND TO LISTEN, LEARN, AND NETWORK. THIS WILL CREATE A FORUM TO ENCOURAGE RELATIONSHIP BUILDING AND INFORMATION SHARING AS PARTICIPANTS CAN COLLABORATE AND LEARN FROM EACH OTHERS' EXPERIENCES. THESE EVENTS WILL BE COMPLIMENTARY TO ALL ATTENDEES. AN EXAMPLE OF AN EVENT IS A SEMINAR ABOUT LIFECYCLE MANAGEMENT TECHNOLOGY HIGHLIGHTING THE USE OF THIS TECHNOLOGY BY THE STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS. WORKSHOPS - EACH MONTH, TRUE WILL HOST A LIVE DEMO SESSION TO ALLOW ATTENDEES TO ACTIVATE A TECHNOLOGY TOOL TO TEST OUT ITS CAPABILITIES. THE PURPOSE WILL BE TO DELIVER AN OPPORTUNITY FOR ATTENDEES TO TEST AND LEARN FIRST-HAND FROM TECHNOLOGY PLATFORMS AND THEIR SOFTWARE SOLUTION ARCHITECTS, ALLOWING THEM TO EXPERIENCE THE BENEFITS AND SUPPORTING A DIGITAL TRANSFORMATION. CONFERENCES - TRUE WILL HOST AN ANNUAL HAWAII CLOUD INNOVATION SUMMIT TO OFFER A THOUGHTFULLY CURATED LINE-UP OF WORLD CLASS THOUGHT LEADERS, USE CASES, AND PANEL DISCUSSIONS TO INSPIRE HAWAII TOWARD CLOUD COMPUTING TRANSFORMATION. THE CONFERENCE WILL FEATURE INFORMATIVE PANELS AND SESSIONS FOCUSED ON BUSINESS OPERATIONS, TECHNICAL APPLICATIONS, WORKFORCE DEVELOPMENT OPPORTUNITIES. PILOT PROJECTS - TRUE INITIATIVE HAS LAUNCHED THE TRUE ESPORTS AND TECHNOLOGY LAB AT WAIPAHU PUBLIC LIBRARY. THE STATE-OF-THE-ART TECHNOLOGY FACILITY WILL TEACH VALUABLE GAME AND SOFTWARE DEVELOPMENT SKILLS. THE LAB IS A COLLABORATION BETWEEN TRUE, THE HAWAII STATE LIBRARY SYSTEM, AND THE STATE OF HAWAII, WITH HARDWARE AND TECHNICAL GUIDANCE CONTRIBUTED BY NONPROFIT AND FOR-PROFIT PARTNERS. CONTENT IS AVAILABLE FREE OF CHARGE FOR LIBRARY MEMBERS AND WILL SERVE AS A USE CASE AND TEMPLATE TO INTRODUCE TECH-ENABLED LABS IN OTHER PUBLIC LIBRARY BRANCHES. COLLABORATION AND WORK-BASED LEARNING PROJECTS - TRUE WILL SPONSOR THE COMMUNITY INNOVATION MENTORSHIP PROGRAM, A WORK-BASED LEARNING PROGRAM FOR PROFESSIONALS TO MENTOR STUDENTS TO SOLVE REAL WORLD PROBLEMS. RECENT EXAMPLES INCLUDE A PROGRAM THROUGH WHICH TRUE MENTORS WORKED WITH STUDENTS TO DESIGN AND IMPLEMENT A DIGITAL MARKETING TOOLBOX TO HELP LOCAL BUSINESSES TO DEVELOP DIGITAL AND SOCIAL MEDIA MARKETING CAMPAIGNS, AND A A PROGRAM IN WHICH TRUE MENTORS WORKED WITH STUDENTS TO DEVELOP AN IN-HOUSE HOTELING APP THAT WOULD ALLOW REMOTE WORKING STAFF TO RESERVE MEETING SPACES. ALL ACTIVITIES WILL BE OPERATED IN HAWAII, AND PROJECTS AND TECHNOLOGIES TO BE FEATURED WILL BE SELECTED ON THE BASIS OF SUCCESSFUL EXPERIENCES WITH PUBLIC AND PRIVATE ENTITIES. THE ACTIVITIES WILL BE FUNDED THROUGH MEMBERSHIP DUES FROM PARTICIPANTS IN WORKSHOPS AND CONFERENCES, AS WELL AS CHARITABLE CONTRIBUTIONS. THE HOSTING AND SPONSORSHIP OF EDUCATIONAL EVENTS WILL FURTHER TRUE'S EDUCATIONAL PURPOSES.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,975
Program Service Revenue $88,575
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,691
Fundraising Expenses $0
Program Expenses $233,528
Other Expenses $201,194
TOTAL EXPENSES $287,885

Year-over-Year Comparison

2024 2023 Change
Revenue $217,550 $419,495 -0.5%
Expenses $287,885 $261,445 +0.1%
Net Income $-70,335 $158,050 -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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
7

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
5
$86,691
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER DAMES CHAIR 0.50
Officer Director
$0 $0 $0
EDDIE ONTAI VICE CHAIR 0.50
Officer Director
$0 $0 $0
WAYNE INOUYE SECRETARY 0.50
Officer Director
$0 $0 $0
CHRISTINE SAKUDA DIRECTOR UNT 0.50
Director
$0 $0 $0
DEENA TEARNEY DIRECTOR 0.50
Director
$0 $0 $0
KELLY UEOKA DIRECTOR 0.50
Director
$0 $0 $0
MANNY EDMONDSON DIRECTOR 0.50
Director
$0 $0 $0
LEILANI FARINAS ED TO 12/24 40.00
Officer
$79,935 $0 $79,935
NICOLE CACAL ED SINCE 12/ 40.00
Officer
$6,756 $0 $6,756
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 $217,550 $287,885 $86,144 $-70,335
2023 $419,495 $261,445 $169,640 $158,050
Explore More Nonprofits
Top 100 Nonprofits in Hawaii Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare TRUE INITIATIVE with other nonprofits in Hawaii and across the country.