KONA COFFEE CULTURAL 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

1981

Legal Domicile

Principal Officer

VALERIE CORCORAN

Phone

8089906511

Tax Period

2024-07-01 to 2025-06-30

KONA COFFEE CULTURAL FESTIVAL, founded in 1981, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $183K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE KONA COFFEE CULTURAL FESTIVAL FURTHERS THE EDUCATIONAL PURPOSES OF THE KONA COFFEE CULTURE AND PROVIDES FOR A SCHOLARSHIP.

Program Service Accomplishments

Program 1

Expenses: $245,844 Revenue: $65,922

SINCE ITS INCEPTION IN 1970, THE GRASS ROOTS KONA COFFEE CULTURAL FESTIVAL ORGANIZATION HAS SOUGHT TO PRESERVE, PERPETUATE AND PROMOTE KONA'S UNIQUE NEARLY 200-YEAR COFFEE HERITAGE. AS HAWAII'S...

SINCE ITS INCEPTION IN 1970, THE GRASS ROOTS KONA COFFEE CULTURAL FESTIVAL ORGANIZATION HAS SOUGHT TO PRESERVE, PERPETUATE AND PROMOTE KONA'S UNIQUE NEARLY 200-YEAR COFFEE HERITAGE. AS HAWAII'S OLDEST FOOD FESTIVAL AND ITS ONLY COFFEE FESTIVAL IN THE UNITED STATES. THE KONA COFFEE CULTURAL FESTIVAL PROMOTES AGRI-TOURISM ANNUALLY DURING THE NOVEMBER SHOULDER SEASON WITH THE INTENTION THAT VISITORS AND RESIDENTS DISCOVER AND EXPERIENCE KONA COFFEE AND THE UNIQUE HISTORY, HERITAGE AND LIFESTYLE. WITH OVER 40 EVENTS RANGING FROM FARM TOURS, COFFEE WORKSHOPS, TO PICKING CONTESTS, VISITORS AND RESIDENTS HAVE EVERY OPPORTUNITY TO PARTICIPATE. THE KONA COFFEE CULTURAL FESTIVAL'S INTENT IS TO PROMOTE THE PERSONALIZED INTERACTION BETWEEN TOURISM AND AGRICULTURE AND TO STRENGTHEN AGRICULTURE TOURISM IN HAWAII. THE FESTIVAL AND THE LOCAL COMMUNITY EMBRACE VISITORS AND RESIDENTS BY SHARING RHE UNIQUE HISTORY AND CULTURE OF KONA COFFEE PIONEERS, FARMERS AND ARTISIAN THROUGH ITS OVER 40 EVENTS THAT CELEBRATE THE KONA COFFEE LIFESTYLE.

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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 $74,840

Program Service Revenue $65,922

Investment Income $2

Other Revenue $42,276

TOTAL REVENUE $183,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,844

Other Expenses $245,844

TOTAL EXPENSES $245,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,040	$329,629	-0.4%
Expenses	$245,844	$281,084	-0.1%
Net Income	$-62,804	$48,545	-2.3%

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

N/A

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
ARLENE ARAKI	DIRECTOR	N/A	Director	$0	$0	$0
MATT CARTER	4TH VICE PRE	N/A	Officer Director	$0	$0	$0
CLAUDIA CHANG	DIRECTOR	N/A	Director	$0	$0	$0
CERI COPELAND	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE CORCORAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MALIA BOLTON HIND	3RD VICE PRE	N/A	Officer Director	$0	$0	$0
MICHELLE SAKATA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
JEAN KADOOKA	SECRETARY	N/A	Officer Director	$0	$0	$0
NATHAN KURASHIGE	DIRECTOR	N/A	Director	$0	$0	$0
HIDEKI MIKI	DIRECTOR	N/A	Director	$0	$0	$0
YUKIO MURAMATSU	DIRECTOR	N/A	Director	$0	$0	$0
HELEN NAGATA	DIRECTOR	N/A	Director	$0	$0	$0
SAMMI PIASECKI	DIRECTOR	N/A	Director	$0	$0	$0
RICK ROBINSON	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
JOHN ROCHA	TREASURER	N/A	Officer Director	$0	$0	$0
MASAKI TOJI	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH VICTOR	DIRECTOR	N/A	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	$183,040	$245,844	$103,223	$-62,804
2024	$329,629	$281,084	$145,227	$48,545
2023	$226,204	$224,649	$96,682	$1,555
2022	$232,475	$186,023	$95,127	$46,452
2020	$170,450	$156,940	$72,546	$13,510
2019	$145,335	$153,031	$59,036	$-7,696