TRUE INITIATIVE (EIN 883615707) - 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

2022

Legal Domicile

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

DEVELOP A TECHNOLOGICALLY CAPABLE WORKFORCE IN THE STATE OF HAWAII.

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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 $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

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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

$86,691

Total Directors

Key Employees

Highest Compensated

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

TRUE INITIATIVE