THE FRIENDS OF IOLANI PALACE (EIN 990115665) - 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

1966

Legal Domicile

Principal Officer

PAULA LA GUANZON

Phone

8085220822

Tax Period

2023-07-01 to 2024-06-30

THE FRIENDS OF IOLANI PALACE, founded in 1966, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.4M, a strong 38% operating margin.

Mission

EDUCATION, RESEARCH, RESTORATION, REFURBISHMENT AND OPERATION FOR THE IOLANI PALACE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,522,339

Program Service Revenue $2,406,989

Investment Income $345,990

Other Revenue $42,394

TOTAL REVENUE $6,317,712

Expense Breakdown

Grants Paid $192,735

Salaries & Benefits $2,166,298

Fundraising Expenses $278,387

Program Expenses $2,851,661

Other Expenses $1,583,828

TOTAL EXPENSES $3,942,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,317,712	$7,388,299	-0.1%
Expenses	$3,942,861	$2,898,637	+0.4%
Net Income	$2,374,851	$4,489,662	-0.5%

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

132

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

$250,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY PIEPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN KEALOHA	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RON WALKER	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEILANI WILLIAMS-SOLOMON	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KENNEDY	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
ISAIAH AINA	DIRECTOR	1.00	Director	$0	$0	$0
GERARD AKAKA	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS ALCAIN	DIRECTOR	1.00	Director	$0	$0	$0
WARREN ALTONA	DIRECTOR	1.00	Director	$0	$0	$0
DONNE DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
ELENA FARDEN	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN HOE	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM INAMINE	DIRECTOR	1.00	Director	$0	$0	$0
KUHIO LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PATTI LOOK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MONIZ	DIRECTOR	1.00	Director	$0	$0	$0
BRENNON MORIOKA	DIRECTOR	1.00	Director	$0	$0	$0
ALISA ONISHI	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY ONO	DIRECTOR	1.00	Director	$0	$0	$0
KAULANA PARK	DIRECTOR	1.00	Director	$0	$0	$0
STEVETTE SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TUBMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAULA GUANZON	PRESIDENT & CEO	40.00	Officer	$172,617	$13,022	$185,639
SEE WAI WAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$61,312	$3,805	$65,117
MICHELLE MORIHARA	DIRECTOR OF DEVELOPMENT & COMMUNICATIONS	40.00	Highest	$102,776	$10,319	$113,095

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	$6,317,712	$3,942,861	$10,906,655	$2,374,851
2023	$7,388,299	$2,898,637	$8,400,426	$4,489,662
2022	$3,579,013	$2,059,778	$3,887,957	$1,519,235
2021	$2,547,195	$1,933,466	$2,354,724	$613,729
2020	$3,141,450	$3,740,142	$1,651,460	$-598,692
2019	$3,406,586	$2,814,948	$1,916,485	$591,638
2018	$2,897,735	$2,543,223	$1,658,959	$354,512

THE FRIENDS OF IOLANI PALACE