HAWAII THEATRE CENTER

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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

1984

Legal Domicile

Principal Officer

GREGORY DUNN

Phone

8085285535

Tax Period

2024-06-01 to 2025-05-31

HAWAII THEATRE CENTER, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $6.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO RESTORE, RENOVATE & OPERATE THE HAWAII THEATRE AS A LEADING PERFORMANCE CENTER IN DOWNTOWN HONOLULU.

Program Service Accomplishments

Program 1

Expenses: $5,351,621 Revenue: $3,065,508

THEATRE OPERATIONS AND MAINTENANCE: THE THEATRE IS OPEN YEAR ROUND TO PROVIDE A MODERN PERFORMANCE VENUE FOR INTERNATIONAL, NATIONAL, AND LOCAL PERFORMING ARTS PRESENTERS FOR THE ENRICHMENT AND...

THEATRE OPERATIONS AND MAINTENANCE: THE THEATRE IS OPEN YEAR ROUND TO PROVIDE A MODERN PERFORMANCE VENUE FOR INTERNATIONAL, NATIONAL, AND LOCAL PERFORMING ARTS PRESENTERS FOR THE ENRICHMENT AND ENJOYMENT OF THE RESIDENTS AND VISITORS OF HAWAII. THE THEATRE ALSO PRESENTS ATTRACTIONS TO AUGMENT THE SCHEDULE, INCLUDING ITS EDUCATION PROGRAM SERVICES FOR PUBLIC AND PRIVATE SCHOOL CHILDREN.

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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 $2,136,732

Program Service Revenue $3,065,508

Investment Income $111,742

Other Revenue $521,148

TOTAL REVENUE $5,835,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,819,420

Fundraising Expenses $606,534

Program Expenses $5,351,621

Other Expenses $4,809,581

TOTAL EXPENSES $6,629,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,835,130	$6,458,582	-0.1%
Expenses	$6,629,001	$5,928,611	+0.1%
Net Income	$-793,871	$529,971	-2.5%

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

330

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

$323,148

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY HOWELL	CHAIR	5.00	Officer Director	$0	$0	$0
COBY BARBATA	VICE CHAIR	0.30	Officer Director	$0	$0	$0
RICK FRIED	VICE CHAIR	0.30	Officer Director	$0	$0	$0
CAROLYN A BERRY WILSON	VICE CHAIR	0.30	Officer Director	$0	$0	$0
CAROL T DAVIS	VICE CHAIR	0.30	Officer Director	$0	$0	$0
CHRISTOPHER P LEE	SECRETARY	0.30	Officer Director	$0	$0	$0
DON MURPHY	DIRECTOR	0.30	Director	$0	$0	$0
JACK LAW	DIRECTOR	0.30	Director	$0	$0	$0
JORDAN BRANT	DIRECTOR	0.30	Director	$0	$0	$0
KENNETH ROBBINS	DIRECTOR	0.30	Director	$0	$0	$0
MARILYN KATZMAN	DIRECTOR	0.30	Director	$0	$0	$0
MATHEW LEE	DIRECTOR	0.30	Director	$0	$0	$0
PHYLLIS K FREITAS	DIRECTOR	0.30	Director	$0	$0	$0
STEVE COLON	DIRECTOR	0.30	Director	$0	$0	$0
TYRIE JENKINS	DIRECTOR	0.30	Director	$0	$0	$0
KELLY SANDERS	DIRECTOR	0.30	Director	$0	$0	$0
CATHY LEE	DIRECTOR	0.30	Director	$0	$0	$0
GREGORY D DUNN	PRESIDENT & CEO	50.00	Officer	$303,803	$19,345	$323,148

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	$5,835,130	$6,629,001	$12,239,743	$-793,871
2024	$6,458,582	$5,928,611	$12,988,803	$529,971
2023	$3,699,705	$4,581,725	$12,342,289	$-882,020
2022	$2,884,891	$3,679,961	$13,309,898	$-795,070
2021	$1,151,424	$2,080,049	$11,724,304	$-928,625
2020	$2,096,784	$3,870,199	$12,462,984	$-1,773,415
2019	$2,885,033	$3,766,715	$13,375,488	$-881,682
2018	$1,262,849	$2,676,473	$14,226,951	$-1,413,624