HAWAII COMMUNITY FOUNDATION

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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

1916

Legal Domicile

Principal Officer

TERRENCE GEORGE

Phone

8085376333

Tax Period

2024-01-01 to 2024-12-31

HAWAII COMMUNITY FOUNDATION, founded in 1916, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $161.3M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $987.3M represent 73 months of operating reserves.

Mission

SEE STATEMENT 1

Program Service Accomplishments

Program 1

Expenses: $161,484,289 Revenue: $800,181

HAWAII COMMUNITY FOUNDATION THROUGH ITS GRANTMAKING AND PROGRAM SERVICES HAS ASSISTED 1,319 ORGANIZATIONS AND OTHERS TO ACHIEVE A BETTER COMMUNITY IN HAWAII. GRANT MAKING OCCURS IN SIX DIFFERENT...

HAWAII COMMUNITY FOUNDATION THROUGH ITS GRANTMAKING AND PROGRAM SERVICES HAS ASSISTED 1,319 ORGANIZATIONS AND OTHERS TO ACHIEVE A BETTER COMMUNITY IN HAWAII. GRANT MAKING OCCURS IN SIX DIFFERENT PROGRAM AREAS AS DESCRIBED ON THE ATTACHED STATEMENT (SEE STATEMENT #2-NOTE: TIMING DIFFERENCES & INCLUSION OF ADMINISTRATIVE EXPENSES RESULT IN A DIFFERENCE IN TOTALS)

Program 2

Expenses: $785,916 Revenue: $729,250

HAWAII COMMUNITY FOUNDATION ASSISTS PRIVATE FOUNDATIONS AND OTHER ORGANIZATIONS IN THEIR COMMUNITY GRANT MAKING BY PROVIDING GRANT EVALUATION AND GRANT MANAGEMENT SERVICES. THROUGH THIS ACTIVITY...

HAWAII COMMUNITY FOUNDATION ASSISTS PRIVATE FOUNDATIONS AND OTHER ORGANIZATIONS IN THEIR COMMUNITY GRANT MAKING BY PROVIDING GRANT EVALUATION AND GRANT MANAGEMENT SERVICES. THROUGH THIS ACTIVITY HAWAII COMMUNITY FOUNDATION HAS FACILITATED AN ADDITIONAL $12,202,000 OF COMMUNITY GRANT MAKING BY THESE FOUNDATIONS AND ORGANIZATIONS. A PORTION OF THE REVENUE HAS BEEN DETERMINED TO BE UNRELATED BUSINESS INCOME BUT ALL REVENUE RELATED TO THIS ACTIVITY IS CONSIDERED CORE TO HAWAII COMMUNITY FOUNDATION'S MISSION AND OFFSETS THE RELATED COSTS OF PROVIDING THESE SERVICES. IT IS CURRENTLY IMPRACTICAL TO SEGREGATE REVENUE THAT IS NOT CONSIDERED UNRELATED BUSINESS INCOME.

Program 3

N/A

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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 $113,512,450

Program Service Revenue $1,399,880

Investment Income $46,227,236

Other Revenue $129,551

TOTAL REVENUE $161,269,117

Expense Breakdown

Grants Paid $151,256,946

Salaries & Benefits $11,524,405

Fundraising Expenses $4,587,550

Program Expenses $162,270,205

Other Expenses $8,545,261

TOTAL EXPENSES $171,326,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,269,117	$270,321,822	-0.4%
Expenses	$171,326,612	$117,815,269	+0.5%
Net Income	$-10,057,495	$152,506,553	-1.1%

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

105

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

$2,858,855

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HO	CHAIRMAN	1.10	Officer Director	$0	$0	$0
MICHAEL BRODERICK	VICE CHAIR	0.30	Officer Director	$0	$0	$0
TAMAR CHOTZEN GOODFELLOW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALAN ARIZUMI	TREASURER	0.30	Officer Director	$0	$0	$0
MARY G F BITTERMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
JEFF ARCE	DIRECTOR	1.10	Director	$0	$0	$0
MATT BEALL	DIRECTOR	0.30	Director	$0	$0	$0
JASON BENN	DIRECTOR	0.20	Director	$0	$0	$0
KALEIALOHA K CADINHA-PUAA	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT S HARRISON	DIRECTOR	0.20	Director	$0	$0	$0
PAUL KOSASA	DIRECTOR	0.30	Director	$0	$0	$0
JON B KUTLER	DIRECTOR	0.30	Director	$0	$0	$0
ELLIOT K MILLS	DIRECTOR	0.30	Director	$0	$0	$0
CATHERINE NGO	DIRECTOR	0.40	Director	$0	$0	$0
JUDY B PIETSCH	DIRECTOR	0.30	Director	$0	$0	$0
JULIETTE K SHEEHAN	DIRECTOR	0.40	Director	$0	$0	$0
JENNINE SULLIVAN	DIRECTOR	0.40	Director	$0	$0	$0
MICAH KANE	CEO & PRESIDENT	60.00	Officer	$513,022	$68,053	$581,075
WALLACE CHIN	SVP-CHIEF ADMINISTRATIVE OFFICER	60.00	Officer	$232,596	$42,032	$274,628
KAWENA BEAUPRE	SVP-GENERAL COUNSEL	60.00	Officer	$223,795	$45,471	$269,266
MICHELLE KAUHANE	SVP-CHIEF IMPACT OFFICER	60.00	Officer	$223,302	$45,804	$269,106
LAUREN NAHME	SVP-MAUI RECOVERY EFFORT	60.00	Officer	$242,383	$20,121	$262,504
JAMEE KUNICHIKA	VP-ORGANIZATIONAL PLANNING & PEOPLE OPERATIONS	60.00	Officer	$84,645	$7,301	$91,946
TODD APO	VP-COMMUNITY PARTNERSHIPS & PUBLIC AFFAIRS	60.00	Officer	$119,336	$4,354	$123,690
SHEILA SARHANGI	VP-STRATEGIC COMMUNICATIONS	60.00	Officer	$173,426	$30,320	$203,746
LYNN SHIMONO	VP-FINANCE	60.00	Officer	$180,667	$30,919	$211,586
LARISSA KICK	VP-COMMUNITY GRANTS & INITIATIVES	60.00	Officer	$175,671	$29,081	$204,752
MARY SAUNDERS	VP-PHILANTHROPY	60.00	Officer	$178,294	$28,398	$206,692
SHANAE SOUZA	VP-RISK & COMPLIANCE-MAUI RECOVERY EFFORT	60.00	Officer	$145,336	$14,528	$159,864
DANA OKANO	PROGRAM DIRECTOR	60.00	Highest	$155,881	$29,118	$184,999
LAUREN SANTOS	ASSOCIATE GENERAL COUNSEL	60.00	Highest	$148,980	$26,228	$175,208
JEN-L LYMAN	SR. DIRECTOR OF GIFT PLANNING & ADVISOR RELATIONS	60.00	Highest	$148,712	$40,514	$189,226
JUSTINA ACEVEDO-CROSS	SR. DIRECTOR OF COMMUNITY STRATEGY	60.00	Highest	$142,364	$32,429	$174,793
ROBBIE ANN KANE	PROGRAM DIRECTOR	60.00	Highest	$135,344	$30,199	$165,543

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
2024	$161,269,117	$171,326,612	$1,056,472,942	$-10,057,495
2023	$270,321,822	$117,815,269	$1,018,292,508	$152,506,553
2022	$119,164,503	$78,333,581	$784,261,660	$40,830,922
2021	$128,317,869	$91,559,165	$884,612,842	$36,758,704
2020	$161,030,736	$127,458,137	$792,659,167	$33,572,599
2019	$96,096,508	$60,187,261	$698,916,314	$35,909,247
2018	$65,299,322	$57,770,499	$578,815,611	$7,528,823