HONOLULU FESTIVAL FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

TETSUYA KUBO

Phone

8089220276

Tax Period

2022-06-01 to 2023-05-31

HONOLULU FESTIVAL FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 687% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE, SPONSOR, MAINTAIN, DEVELOP, IMPROVE AND PROTECT THE ANNUAL EVENT KNOWN AS THE HONOLULU FESTIVAL AND OTHER SIMILAR CELEBRATIONS OF CULTURAL UNDERSTANDING, ECONOMIC COOPERATION AND RACIAL HARMONY BETWEEN AND AMONG THE PEOPLE OF THE AISA-PACIFIC REGION, ESPECIALLY THOSE OF HAWAII AND JAPAN.

Program Service Accomplishments

Program 1

Expenses: $1,190,416 Revenue: $44,119

ANNUAL FESTIVAL - FREE 3-DAY EVENT WERE PLANNED AND PREPARED TO BE HELD AT VARIOUS VENUES ON OAHU FEATURING CULTURAL ENTERTAINMENT, EXHIBITS, DISPLAYS, DEMONSTRATIONS AND ETHNIC FOOD, CULMINATING IN A GRAND PARADE. THE FESTIVAL SERVES TO FOSTER UNDERSTANDING AND APPRECIATION OF THE CULTURES OF JAPAN AND HAWAII.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,193,025

Program Service Revenue $44,119

Investment Income $868

Other Revenue $2,049

TOTAL REVENUE $1,240,061

Expense Breakdown

Grants Paid $4,727

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,190,416

Other Expenses $1,266,204

TOTAL EXPENSES $1,270,931

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,240,061	$157,475	+6.9%
Expenses	$1,270,931	$120,305	+9.6%
Net Income	$-30,870	$37,170	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

605

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
Duke AhMoo	Board Member	0.5	Director	$0	$0	$0
Ann H Chung	Board Member	0.5	Director	$0	$0	$0
Jeff Chung	Board Member	0.5	Director	$0	$0	$0
Robert Fortuna	Board Member	0.5	Director	$0	$0	$0
Alan Fujimoto	Board Member	0.5	Director	$0	$0	$0
Robert Harrison	Board Member	0.5	Director	$0	$0	$0
Tomoyuki Kajihara	Board Member	0.5	Director	$0	$0	$0
Daniel Ishii	Board Member	0.5	Director	$0	$0	$0
Nathan Kam	Board Member	0.5	Director	$0	$0	$0
Valerie King	Board Member	0.5	Director	$0	$0	$0
John Komeiji	Board Member	0.5	Director	$0	$0	$0
Takeshi Aoki	Board Member	0.5	Director	$0	$0	$0
Maki Kuroda	Board Member	0.5	Director	$0	$0	$0
Akemi Kurokawa	Board Member	0.5	Director	$0	$0	$0
Eron Hodges	Board Member	0.5	Director	$0	$0	$0
Danny Ojiri	Board Member	0.5	Director	$0	$0	$0
Ryozo Sakai	Board Member	0.5	Director	$0	$0	$0
Hikaru Utsugi	Board Member	0.5	Director	$0	$0	$0
Ma Sol E Solleza	Board Member	0.5	Director	$0	$0	$0
Donald Takaki	Board Member	0.5	Director	$0	$0	$0
Jill Tokunaga	Board Member	0.5	Director	$0	$0	$0
Lena Young	Board Member	0.5	Director	$0	$0	$0
Tom Calame	Board Member	0.5	Director	$0	$0	$0
Edwin Hawkins	Board Member	0.5	Director	$0	$0	$0
Tetsuya Kubo	President	0.5	Officer Director	$0	$0	$0
Donald Yannell	Vice President	0.5	Officer Director	$0	$0	$0
Stephen Kaaa	Treasurer	0.5	Officer Director	$0	$0	$0
Nanako Hart	Secretary/Executive Director	0.5	Officer 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	$1,240,061	$1,270,931	$661,698	$-30,870
2022	$157,475	$120,305	$688,065	$37,170
2021	$103,807	$241,463	$656,833	$-137,656
2020	$141,902	$817,355	$802,141	$-675,453
2019	$1,756,928	$1,994,373	$1,926,065	$-237,445
2018	$2,411,781	$1,534,002	$1,899,710	$877,779