HAWAII OPTOMETRIC ASSOCIATION

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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

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.

Program Service Accomplishments

Program 1

THE ANNUAL CONVENTION PROVIDES A VENUE WHERE MEMBERS CAN GET TO KNOW MORE ABOUT EACH OTHER AND SHARE THEIR EXPERIENCES THROUGH CONSTRUCTIVE DIALOG. IN ADDITION, THE ASSOCIATION CONDUCTS TECHNICAL...

THE ANNUAL CONVENTION PROVIDES A VENUE WHERE MEMBERS CAN GET TO KNOW MORE ABOUT EACH OTHER AND SHARE THEIR EXPERIENCES THROUGH CONSTRUCTIVE DIALOG. IN ADDITION, THE ASSOCIATION CONDUCTS TECHNICAL SEMINARS WHICH ALLOW MEMBERS TO GROW PROFESSIONALLY.

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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