THE GARDEN ISLAND ARTS COUNCIL

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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

1977

Legal Domicile

Principal Officer

Carol Yatsuda

Phone

8086353039

Tax Period

2024-07-01 to 2025-06-30

THE GARDEN ISLAND ARTS COUNCIL, founded in 1977, is a small nonprofit that reported $411K in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 39% operating margin.

Mission

Promote arts on Kauai

Program Service Accomplishments

Program 1

Expenses: $59,031 Revenue: $143,647

Mosaic Program - create a mosaic wall at the Kilauea Lighthouse depicting the Hawaiian islands chain. Suring the year, we resented workships for 10 organizations and began production of the mosaics.

Program 2

Expenses: $93,415 Revenue: $119,680

Concerts - E Kanikapila Kakau - presented nine concerts on seven Mondays with 27 artists. 2600 locals and visitors attended the concerts.

Program 3

Expenses: $12,507 Revenue: $19,072

Educational art visits and craft classes - including Crafts studio, Outreach projects and work sessions Presented Kauai Crafts Studio Workshops - 57 with 490 attending; Six craft fairs with 340...

Educational art visits and craft classes - including Crafts studio, Outreach projects and work sessions Presented Kauai Crafts Studio Workshops - 57 with 490 attending; Six craft fairs with 340 atendees;

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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 $378,912

Program Service Revenue $29,887

Investment Income $2,377

Other Revenue $0

TOTAL REVENUE $411,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,396

Other Expenses $248,821

TOTAL EXPENSES $248,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,176	$134,449	+2.1%
Expenses	$248,821	$161,177	+0.5%
Net Income	$162,355	$-26,728	-7.1%

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

N/A

Volunteers

206

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
Michael Shintani	Director	5	Director	$0	$0	$0
Shannon Hiramoto	Director	5	Director	$0	$0	$0
Jodi Ascuena	Director	5	Director	$0	$0	$0
Tamara Braun	Director	5	Director	$0	$0	$0
Micki Evslin	Director	5	Director	$0	$0	$0
Susan Hoerner	Director	5	Director	$0	$0	$0
Terence M Liu	Director	5	Director	$0	$0	$0
Fahy Bailey	Director	5	Director	$0	$0	$0
Joan F Luzney	Director	5	Director	$0	$0	$0
Tora Smart	Director	5	Director	$0	$0	$0
Bev Montel	President	5	Officer	$0	$0	$0
Diane Wry Underwood	Secretary	5	Officer	$0	$0	$0
Ira Meyer	Vice President	5	Officer	$0	$0	$0
Rebecca Eve Solomon	Treasurer	5	Officer	$0	$0	$0
Carol Yotsuda	Executive Director	40	Key Emp	$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	$411,176	$248,821	$349,106	$162,355