THE MERRIE MONARCH FESTIVAL

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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

1963

Legal Domicile

Principal Officer

LUANA KAWELU

Phone

8089359168

Tax Period

2024-07-01 to 2025-06-30

THE MERRIE MONARCH FESTIVAL, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $503K, a strong 29% operating margin.

Mission

THE MERRIE MONARCH FESTIVAL IS A NON-PROFIT ORGANIZATION THAT HONORS THE LEGACY LEFT BY KING DAVID KALAKAUA, WHO INSPIRED THE PERPETUATION OF HAWAIIAN TRADITIONS, NATIVE LANGUAGE AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,083,787

THE MERRIE MONARCH FESTIVAL WAS ORGANIZED FOR THE PURPOSE OF PROMOTING AND PERPETUATING NATIVE HAWAIIAN CULTURE AND THE ART OF HULA. THE WEEK-LONG FESTIVAL INCLUDES ART EXHIBITS, A CRAFT FAIR...

THE MERRIE MONARCH FESTIVAL WAS ORGANIZED FOR THE PURPOSE OF PROMOTING AND PERPETUATING NATIVE HAWAIIAN CULTURE AND THE ART OF HULA. THE WEEK-LONG FESTIVAL INCLUDES ART EXHIBITS, A CRAFT FAIR, DEMONSTRATIONS, MUSIC PERFORMANCES, A ROYAL PARADE, AND A THREE-DAY HULA COMPETITION THAT HAS RECEIVED WORLDWIDE RECOGNITION FOR ITS HISTORICAL AND CULTURAL SIGNIFICANCE. THE ANNUAL FESTIVAL HAS LED TO A RENAISSANCE IN NATIVE HAWAIIAN CULTURE. THE FESTIVAL IS CONSIDERED THE WORLD'S PREMIER FORUM FOR PEOPLE OF ALL AGES TO DISPLAY THEIR SKILL AND KNOWLEDGE OF THE ART OF ANCIENT AND MODERN HULA.

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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 $298,846

Program Service Revenue $1,442,277

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,741,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,083,787

Other Expenses $1,238,186

TOTAL EXPENSES $1,238,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,741,123	$1,420,704	+0.2%
Expenses	$1,238,186	$1,012,230	+0.2%
Net Income	$502,937	$408,474	+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

N/A

Employees

N/A

Volunteers

300

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUANA KAWELU	President	80.00	Officer Director	$0	$0	$0
KATHLEEN KAWELU	Vice President	20.00	Officer Director	$0	$0	$0
LEINANI ANDRADE	Treasurer	20.00	Officer Director	$0	$0	$0
CHARLES AKI	Director	1.00	Director	$0	$0	$0
KEEGAN MIURA	Director	10.00	Director	$0	$0	$0
WENDY WAIPA	Director	1.00	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
2025	$1,741,123	$1,238,186	$2,443,793	$502,937
2024	$1,420,704	$1,012,230	$1,940,856	$408,474
2023	$1,486,227	$989,971	$1,532,382	$496,256
2022	$936,644	$885,307	$1,036,126	$51,337
2021	$395,615	$316,688	$984,789	$78,927
2020	$657,331	$579,109	$905,862	$78,222