Friends of the Library of Hawaii

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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

1973

Legal Domicile

Principal Officer

Nainoa Mau

Phone

8085364174

Tax Period

2024-07-01 to 2025-06-30

Friends of the Library of Hawaii, founded in 1973, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $803K, a strong 46% operating margin.

Mission

Assist in maintaining free public libraries in Hawaii and supporting the libraries by securing materials not budgeted, awarding continuing education

Program Service Accomplishments

Program 1

Expenses: $753,484 Revenue: $1,750,850

The Friends of the Library of Hawaii exists to promote and support the resources of all Hawaiis public libraries with only basic needs funded by the State Legislature. Impossible to quantify those...

The Friends of the Library of Hawaii exists to promote and support the resources of all Hawaiis public libraries with only basic needs funded by the State Legislature. Impossible to quantify those benefits.

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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 $871,176

Program Service Revenue $16,596

Investment Income $912,737

Other Revenue $-48,435

TOTAL REVENUE $1,752,074

Expense Breakdown

Grants Paid $258,865

Salaries & Benefits $322,892

Fundraising Expenses $59,013

Program Expenses $753,484

Other Expenses $367,267

TOTAL EXPENSES $949,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,752,074	$815,921	+1.1%
Expenses	$949,024	$721,122	+0.3%
Net Income	$803,050	$94,799	+7.5%

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

300

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

$95,167

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN HIYAKUMOTO	PRESIDENT	1.00	Officer	$0	$0	$0
MAIA ROSEN	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
DENISE WHEELER	SECRETARY	1.00	Officer	$0	$0	$0
GREGORY VALEN	TREASURER	1.00	Officer	$0	$0	$0
KELLIE ARAKAKI-KODAMA	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
KATHY FAY	DIRECTOR	1.00	Director	$0	$0	$0
LYNNAE LEE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LI	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MCCANN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH ODA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SEKIGUCHI	DIRECTOR	1.00	Director	$0	$0	$0
KALANI SLOAT	DIRECTOR	1.00	Director	$0	$0	$0
ALLENE K SUEMORI	DIRECTOR	1.00	Director	$0	$0	$0
ALAN YAMAMOTO	DIRECTOR	1.00	Director	$0	$0	$0
STACEY ALDRICH	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
DENNIS BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
LAUREL JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
KEN LACY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MASON	TRUSTEE	1.00	Director	$0	$0	$0
KEITH WINNACOTT	TRUSTEE	1.00	Director	$0	$0	$0
NAINOA MAU	EXECUTIVE DIRECTOR	40.00	Key Emp	$95,167	$0	$95,167

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
2025	$1,752,074	$949,024	$13,922,821	$803,050
2024	No data	No data	No data	No data
2023	$757,902	$657,459	$11,137,278	$100,443
2022	$1,082,938	$658,656	$10,493,008	$424,282
2021	$1,619,050	$619,783	$11,549,417	$999,267
2020	$915,553	$481,687	$7,388,217	$433,866
2019	$728,771	$524,168	$7,192,030	$204,603
2018	$543,456	$525,490	$6,896,756	$17,966