HAWAII TAPERS MARKET RECOVERY PLAN (EIN 990324684) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JOHN FRIGILLANA JR MICHA

Phone

8085239411

Tax Period

2023-01-01 to 2023-12-31

HAWAII TAPERS MARKET RECOVERY PLAN, founded in 1996, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $82K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO STUDY, EXPLORE AND IMPLEMENT WAYS AND MEANS OF PROMOTING FAIR COMPETITION IN THE INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,785

Investment Income $3,788

Other Revenue $0

TOTAL REVENUE $49,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $82,454

TOTAL EXPENSES $82,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,573	$52,695	-0.1%
Expenses	$82,454	$84,291	0.0%
Net Income	$-32,881	$-31,596	+0.0%

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

$179,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT NIHIPALI	EMP TRUSTEE	0.50	Director	$0	$0	$0
ANACLETO 'LITO' ALCANTRA	EMP TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL MAZZONE	EMP TRUSTEE	0.50	Director	$0	$0	$0
JOHN FRIGILLANA JR	UNION TRUSTEE	0.50	Director	$0	$0	$0
RYDEN VALMOJA	UNION TRUSTEE	0.50	Director	$0	$0	$0
MARIO MANRIQUE JR	UNION TRUSTEE	0.50	Director	$106,213	$73,131	$179,344
BARBARA KONO	EMP TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$49,573	$82,454	$501,871	$-32,881
2022	$52,695	$84,291	$514,309	$-31,596
2021	$62,734	$74,044	$571,839	$-11,310
2020	$61,459	$74,653	$597,169	$-13,194
2019	$54,971	$77,348	$604,828	$-22,377
2018	$55,884	$77,346	$615,413	$-21,462

HAWAII TAPERS MARKET RECOVERY PLAN