TAX FOUNDATION OF HAWAII (EIN 990080329) - 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

1953

Legal Domicile

Principal Officer

Thomas Yamachika

Phone

8085364587

Tax Period

2021-01-01 to 2021-12-31

TAX FOUNDATION OF HAWAII, founded in 1953, is a small nonprofit that reported $250K in total revenue in fiscal year 2021. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 29% operating margin.

Mission

Research/evaluate state/local government tax/spending.

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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 (2021)

Revenue Breakdown

Contributions & Grants $247,560

Program Service Revenue $1,987

Investment Income $0

Other Revenue $463

TOTAL REVENUE $250,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,404

Fundraising Expenses $96

Program Expenses $130,041

Other Expenses $25,865

TOTAL EXPENSES $176,269

Year-over-Year Comparison

	2021	2020	Change
Revenue	$250,010	$131,298	+0.9%
Expenses	$176,269	$182,836	0.0%
Net Income	$73,741	$-51,538	-2.4%

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

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

Total Directors

Key Employees

$84,340

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Yamachika	Executive Director/President	40	Key Emp Highest	$46,662	$0	$46,662
Jade McMillen	Office Manager/ Assistant Secretary	30	Key Emp	$37,678	$0	$37,678
Dennis Brown	Director	2	Director	$0	$0	$0
Helen Chang	Director	0	Director	$0	$0	$0
Ronald I Heller	Director	2	Director	$0	$0	$0
Ku'uhaku Park	Director	2	Director	$0	$0	$0
Manoj Samaranayake	Director	2	Director	$0	$0	$0
Lauralei Tanaka	Director	2	Director	$0	$0	$0
Jennifer Story	Director	0	Director	$0	$0	$0
James Aiona	Director	2	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
2021	$250,010	$176,269	$68,114	$73,741

TAX FOUNDATION OF HAWAII