THE HAWAIIAN LEGACY FOUNDATION (EIN 990348023) - 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

2000

Legal Domicile

Principal Officer

TERESA MAKUAKANE-DRECHSEL

Phone

8087533314

Tax Period

2024-01-01 to 2024-12-31

THE HAWAIIAN LEGACY FOUNDATION, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $190K exceeded revenue, resulting in a 112% operating deficit.

Mission

TO DOCUMENT, PRESERVE AND PERPETUATE HAWAIIAN CULTURE AND HISTORY THROUGH MUSIC, FILM/VIDEO PRODUCTIONS, EDUCATIONAL PROGRAMS, COMMUNITY OUTREACH AND ARCHIVAL WORK.

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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 $77,365

Program Service Revenue $0

Investment Income $9,926

Other Revenue $2,335

TOTAL REVENUE $89,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,999

Fundraising Expenses $0

Program Expenses $49,354

Other Expenses $99,221

TOTAL EXPENSES $190,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,626	$79,916	+0.1%
Expenses	$190,220	$189,956	+0.0%
Net Income	$-100,594	$-110,040	-0.1%

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	Role	Reportable Comp	Other Comp	Total
TERESA MAKUAKANE-DRECHSEL	PRESIDENT	Officer Director	$0	$0	$0
CAROL FOX	SECRETARY	Officer Director	$0	$0	$0
JOHN STEPHENSON	TREASURER	Officer Director	$0	$0	$0
MAENETTE AH NEE-BENHAM	DIRECTOR	Director	$0	$0	$0
LLOYD KAWAKAMI	DIRECTOR	Director	$0	$0	$0
DENNIS MAHAFFAY	VICE PRESIDENT	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	$89,626	$190,220	$316,485	$-100,594
2023	$79,916	$189,956	$414,942	$-110,040
2022	$196,499	$212,868	$526,297	$-16,369
2021	$108,426	$255,143	$542,749	$-146,717
2020	$139,348	$211,452	$689,466	$-72,104

THE HAWAIIAN LEGACY FOUNDATION