HAWAII ACADEMY OF PERFORMING ARTS (EIN 990339135) - 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

1998

Legal Domicile

Principal Officer

MATTHEW KELTY

Phone

8085212903

Tax Period

2019-01-01 to 2019-12-31

HAWAII ACADEMY OF PERFORMING ARTS, founded in 1998, is a small nonprofit that reported $209K in total revenue in fiscal year 2019. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 23% operating margin.

Mission

TO TRANSFORM OUR COMMUNITY WITH THE POWER OF THE ARTS, AND ESTABLISH HONOLULU'S CHINATOWN AS A CREATIVE CAPITAL OF THE PACIFIC.

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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 (2019)

Revenue Breakdown

Contributions & Grants $138,243

Program Service Revenue $32,539

Investment Income $0

Other Revenue $38,074

TOTAL REVENUE $208,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,187

Fundraising Expenses $4,107

Program Expenses $110,304

Other Expenses $145,194

TOTAL EXPENSES $161,381

Year-over-Year Comparison

	2019	2018	Change
Revenue	$208,856	$165,443	+0.3%
Expenses	$161,381	$164,882	0.0%
Net Income	$47,475	$561	+83.6%

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

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

$13,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KIM TAYLOR-REECE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MAILE MEYER	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
JASON CUTINELLA	DIRECTOR	2.00	Director	$0	$0	$0
IKAIKA HUSSEY	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL FOX-AREGGER	DIRECTOR	2.00	Director	$0	$0	$0
LORYN GUIFFRE-HERNANDEZ	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW KELTY	EXEC DIR FRO	40.00	Officer	$4,800	$0	$4,800
DONNA BLANCHARD	CONSULTANT	40.00	Officer	$8,992	$0	$8,992

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
2019	$208,856	$161,381	$73,320	$47,475

HAWAII ACADEMY OF PERFORMING ARTS