HAWAII PREPARATORY ACADEMY

EIN: 990078306 501(c)(3) Education

KAMUELA, HI

Total Revenue
$35,530,966
Total Expenses
$32,604,165
Total Assets
$161,583,035
Net Assets
$142,793,393
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
HI
Principal Officer
S FRED WAWNER
Phone
8088857321
Tax Period
2024-07-01 to 2025-06-30

HAWAII PREPARATORY ACADEMY, founded in 1957, is a mid-sized nonprofit in the Education sector that reported $35.5M in total revenue in fiscal year 2024. Revenue surged 7482% from the prior year, signaling strong growth momentum. Expenses of $32.6M left a modest 8% surplus.

Mission

TO PROVIDE EXCEPTIONAL LEARNING OPPORTUNITIES IN A DIVERSE COMMUNITY HONORING THE TRADITIONS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,750,293
Program Service Revenue $27,508,730
Investment Income $3,883,546
Other Revenue $388,397
TOTAL REVENUE $35,530,966

Expense Breakdown

Grants Paid $4,555,626
Salaries & Benefits $18,427,059
Fundraising Expenses $855,837
Program Expenses $26,472,536
Other Expenses $9,621,480
TOTAL EXPENSES $32,604,165

Year-over-Year Comparison

2024 2023 Change
Revenue $35,530,966 $468,633 +74.8%
Expenses $32,604,165 $1,357,591 +23.0%
Net Income $2,926,801 $-888,958 -4.3%
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

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Governance

Voting Members
12
Independent Members
12
Employees
329
Volunteers
137

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
6
$522,833
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BUDWAY PRESIDENT/BOARD MEMBER 2.00
Officer Director
$0 $0 $0
BONNIE WEDEMEYER FIRST VP/BOARD MEMBER 2.00
Officer Director
$0 $0 $0
LAURIE T AINSLIE TREASURER/BOARD MEMBER 2.00
Officer Director
$0 $0 $0
MICHAEL J CHUN BOARD MEMBER 2.00
Director
$0 $0 $0
WARREN DOI BOARD MEMBER 2.00
Director
$0 $0 $0
HANS LORANGE BOARD MEMBER 2.00
Director
$0 $0 $0
SAM PRATT BOARD MEMBER 2.00
Director
$0 $0 $0
WILLIAM D PRATT BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL S SPALDING BOARD MEMBER 2.00
Director
$0 $0 $0
MAX UNGER BOARD MEMBER 2.00
Director
$0 $0 $0
MIKE HOOVER BOARD MEMBER 2.00
Director
$0 $0 $0
TAFFI WISE BOARD MEMBER 2.00
Director
$0 $0 $0
ROB O'DONOHUE FORMER BOARD MEMBER 2.00
Director
$0 $0 $0
S FRED WAWNER SECOND VP & HEAD OF SCHOOL 40.00
Officer
$221,626 $47,361 $268,987
BRIAN PEARSON ASST HEAD OF SCHOOL FOR BUSINESS OPS 40.00
Officer
$148,452 $21,271 $169,723
KATHERINE PURDY ASSISTANT SECRETARY 40.00
Officer
$67,713 $16,410 $84,123
MARK A NOETZEL ASST HEAD OF SCHOOL FOR UPPER SCHOOL 40.00
Highest
$139,272 $22,553 $161,825
HANNAH CANDELARIO ASST HEAD OF SCHOOL FOR ADVANCEMENT 40.00
Highest
$129,920 $24,493 $154,413
TIARE HJ POLICE DIRECTOR OF ADMISSIONS 40.00
Highest
$104,039 $38,687 $142,726
DORA W KWONG LS PRINCIPAL 40.00
Highest
$104,715 $33,083 $137,798
JOHN K SPENCER TEACHER 40.00
Highest
$105,414 $29,072 $134,486
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 $35,530,966 $32,604,165 $161,583,035 $2,926,801
2024 $468,633 $1,357,591 $156,257,122 $-888,958
2024 $31,937,048 $31,201,109 $150,647,727 $735,939
2023 $28,554,481 $29,535,804 $144,299,572 $-981,323
2022 $28,601,591 $28,833,205 $147,131,736 $-231,614
2021 $32,730,231 $28,198,725 $153,074,450 $4,531,506
2020 $28,263,141 $31,095,974 $144,622,596 $-2,832,833
2019 $27,431,460 $27,939,471 $138,105,625 $-508,011
2018 $26,728,374 $26,879,979 $139,279,747 $-151,605
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