HAWAII OPERA THEATRE (EIN 990197758) - 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

1980

Legal Domicile

Principal Officer

ANDREW MORGAN

Phone

8085967372

Tax Period

2024-06-01 to 2025-05-31

HAWAII OPERA THEATRE, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 31% operating margin.

Mission

ENRICH QUALITY OF LIFE IN OUR ISLAND COMMUNITIES THROUGH INSPIRATIONAL POWER & JOY OF OPERA.

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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 $3,656,338

Program Service Revenue $313,574

Investment Income $465,356

Other Revenue $376,199

TOTAL REVENUE $4,811,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,503,514

Fundraising Expenses $554,646

Program Expenses $2,434,261

Other Expenses $1,824,100

TOTAL EXPENSES $3,327,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,811,467	$2,591,338	+0.9%
Expenses	$3,327,614	$3,481,996	0.0%
Net Income	$1,483,853	$-890,658	-2.7%

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

$193,309

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PRIETO	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA C NELSON	VICE PRESIDENT/TREASURER	3.00	Officer Director	$0	$0	$0
CURTIS M THOMPSON MD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARRIE SCHAEFER	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN L KNOREK ESQ	COUNSEL	3.00	Officer Director	$0	$0	$0
JAMES H MCCOY	PRESIDENT EMERITUS	1.00	Officer Director	$0	$0	$0
LINN ALBER	DIRECTOR	1.00	Director	$0	$0	$0
JOE BOCK	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA ANDELIN CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
JULIA F CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE B ENGEL	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KALWAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
EMILIO GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID A KELIIKULI	DIRECTOR	1.00	Director	$0	$0	$0
FLORIA KOMER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES T LEAVITT ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DORETTE PS LUKE	DIRECTOR	1.00	Director	$0	$0	$0
NOREEN MULLIKEN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN E ROLLES	DIRECTOR	1.00	Director	$0	$0	$0
AARON J SALA	DIRECTOR	1.00	Director	$0	$0	$0
JULI SHAINDLIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID Y TAKAGI	DIRECTOR	1.00	Director	$0	$0	$0
NIKLAUS THRAPP	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN A BERRY WILSON	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA WONG	DIRECTOR	1.00	Director	$0	$0	$0
LEIGHTON YUEN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA ZANNONI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT K DALEY	FORMER DIRECTOR	1.00	Director	$0	$0	$0
BRETT HOWARD	FORMER DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY KRAVITT	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JASON KRAVITT	FORMER DIRECTOR	1.00	Director	$0	$0	$0
DANIEL NISHIKAWA	FORMER DIRECTOR	1.00	Director	$0	$0	$0
SARAH M RICHARDS	FORMER DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MORGAN	GENERAL DIRECTOR & CEO	60.00	Officer	$175,833	$17,476	$193,309

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	$4,811,467	$3,327,614	$10,589,170	$1,483,853
2024	$2,591,338	$3,481,996	$9,056,226	$-890,658
2023	$3,816,813	$3,686,602	$9,498,429	$130,211
2022	$2,939,876	$2,895,982	$9,881,133	$43,894
2021	$1,838,733	$2,187,414	$8,772,899	$-348,681
2020	$2,833,084	$3,426,258	$7,804,082	$-593,174
2019	$4,182,052	$3,352,898	$8,473,716	$829,154
2018	$3,100,152	$4,899,570	$8,743,706	$-1,799,418

HAWAII OPERA THEATRE