VARIETY SCHOOL OF HAWAII (EIN 990105604) - 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

1960

Legal Domicile

Principal Officer

JOLENE CHONGCHUA

Phone

8087322835

Tax Period

2022-07-01 to 2023-06-30

VARIETY SCHOOL OF HAWAII, founded in 1960, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $492K, a strong 23% operating margin.

Mission

TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES THROUGH THE USE OF AN INDIVIDUALIZED MULTIDISCIPLINARY APPROACH SO THAT EACH CHILD ACHIEVES HIS OR HER MAXIMUM POTENTIAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $322,206

Program Service Revenue $1,831,640

Investment Income $10,296

Other Revenue $-10,901

TOTAL REVENUE $2,153,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,214,907

Fundraising Expenses $4,430

Program Expenses $1,411,061

Other Expenses $446,676

TOTAL EXPENSES $1,661,583

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,153,241	$1,886,898	+0.1%
Expenses	$1,661,583	$1,286,326	+0.3%
Net Income	$491,658	$600,572	-0.2%

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

$100,459

Total Directors

$100,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY K YIM	FORMER CHAIR	1.00	Officer Director	$0	$0	$0
DALE ZANE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALBERT PLEUS	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
RICHARD K ING	DIRECTOR	1.00	Director	$0	$0	$0
ROSITA LEONG	DIRECTOR	1.00	Director	$0	$0	$0
RUTHANN YAMANAKA	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI HAHN THRU APRIL 2023	DIRECTOR	1.00	Director	$0	$0	$0
JOLENE CHONGCHUA	EXEC DIR & S	40.00	Officer Director	$100,459	$0	$100,459

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,153,241	$1,661,583	$4,735,895	$491,658
2022	$1,886,898	$1,286,326	$4,283,927	$600,572
2021	$2,035,446	$1,207,748	$4,078,794	$827,698
2020	$1,828,021	$1,268,482	$3,141,820	$559,539
2019	$1,710,550	$1,592,383	$2,547,896	$118,167
2018	$1,332,686	$1,643,468	$2,471,668	$-310,782

VARIETY SCHOOL OF HAWAII