HAWAII OPTOMETRIC ASSOCIATION

EIN: 990270974

AIEA, HI

Total Revenue
$295,666
Total Expenses
$333,893
Total Assets
$105,477
Net Assets
$105,477
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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
1975
Legal Domicile
HI
Principal Officer
CHARLOTTE NEKOTA
Tax Period
2024-01-01 to 2024-12-31

HAWAII OPTOMETRIC ASSOCIATION, founded in 1975, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $334K exceeded revenue, resulting in a 13% operating deficit.

Mission

IN CONJUNCTION WITH THE AMERICAN OPTOMETRIC ASSOCIATION, THE HAWAII OPTOMETRIC ASSOCIATION WORKS TO: PROMOTE BETTER UNDERSTANDING AMONG OPTOMETRISTS; ENCOURAGE AND ASSIST IN THE IMPROVEMENTS OF THE ARTS AND SCIENCES OF OPTOMETRY; RAISE THE STANDARDS AND ETHICS OF THE OPTOMETRY PROFESSION; WORK INDEPENDENTLY OR OR COOPERATE WITH OTHER OPTOMETRIC ASSOCIATIONS AND ORGANIZATIONS IN THE ETHICAL DISPENSING OF OPTOMETRIC KNOWLEDGE TO THE PUBLIC; AND CONSOLIDATE EFFORTS TOWARD SOLVING ANY PROBLEMS ALONG THE PATH OF PROGRESS OF PROFESSIONAL OPTOMETRY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $206,304
Program Service Revenue $89,362
Investment Income $0
Other Revenue $0
TOTAL REVENUE $295,666

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,547
Fundraising Expenses $0
Other Expenses $86,323
TOTAL EXPENSES $333,893

Year-over-Year Comparison

2024 2023 Change
Revenue $295,666 $379,778 -0.2%
Expenses $333,893 $389,057 -0.1%
Net Income $-38,227 $-9,279 +3.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
1
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
7
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANA MURAKAMI IM PAST PRES N/A
Officer
$0 $0 $0
KRISTIN SHIMABUKURO PRESIDENT N/A
Officer
$0 $0 $0
MICHAEL DASH PRESIDENT EL N/A
Officer
$0 $0 $0
PETER SHOJI VICE PRESIDE N/A
Officer
$0 $0 $0
EVAN TANAKA TREASURER N/A
Officer
$0 $0 $0
JESSICA IIDA SECRETARY N/A
Officer
$0 $0 $0
ISAAC KAOPUA OAHU DIRECTO N/A
Director
$0 $0 $0
JON ISHIHARA OAHU DIRECTO N/A
Director
$0 $0 $0
JENNIFER MAEDA HAWAII DIREC N/A
Director
$0 $0 $0
MICHAEL ORIDE KAUAI DIRECT N/A
Director
$0 $0 $0
MICHAEL LEONG MAUI DIRECTO N/A
Director
$0 $0 $0
LINDA ARAKAKI AUDITOR N/A
Officer
$0 $0 $0
BRIAN KUBO AUDITOR N/A
Director
$0 $0 $0
GEOFFREY REYNOLDS OAHU DIRECTO N/A
Director
$0 $0 $0
KAYLIN YOUNG OAHU DIRECTO 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
2024 $295,666 $333,893 $105,477 $-38,227
2023 $379,778 $389,057 $39,595 $-9,279
2022 $292,542 $342,965 $48,874 $-50,423
2021 $234,931 $245,337 $99,297 $-10,406
2020 $208,106 $320,329 $107,911 $-112,223
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