DAVID C AI CHARITABLE TRUST

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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

STEVEN C AI

Phone

8085295834

Tax Period

2025-01-01 to 2025-12-31

DAVID C AI CHARITABLE TRUST, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $854K in total revenue in fiscal year 2025. Expenses of $1.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

"THE TRUSTEE SHALL DISTRIBUTE ALL OF THE NET INCOME OF THE CHARITABLE TRUST EACH YEAR AND MAY DISTRIBUTE SO MUCH OR ALL OF THE PRINCIPAL OF THE CHARITBALE TRUST AS IT DEEMS NECESSARY FOR THE CHARITABLE TRUST'S PURPOSES, CONSISTENT WITH THE LONG TERM NEEDS OF THE BENEFICIARIES." "PAYMENT SHALL BE MADE, FIRST, TO THE NUUANU YMCA, HONOLULU, HAWAII, TO FUND ITS TEEN FITNESS PROGRAM...". "ANY NET INCOME REMAINING AND ANY PRINCIPAL DISTRIBUTIONS THE TRUSTEE MAY DEEM NECESSARY SHALL BE DISTRIBUTED TO SUCH ONE OR MORE CHARITABLE ORGINIZATIONS LISTED ON EXHIBIT III ... IN SUCH AMOUNTS, AS THE TRUSTEE SHALL DETERMINE."

Program Service Accomplishments

Program 1

SEE THE FOLLOWING STATEMENTS FOR PROGRAM SERVICE ACCOMPLISHMENTS.

Program 2

Expenses: $675,000

YMCA TEEN FITNESS PROGRAM DISTRIBUTION OF 2024 INCOME

Program 3

Expenses: $241,500

EIGHT LOCAL CHARITIES DISTRIBUTION OF 2024 INCOME

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $698,305

Other Revenue $156,000

TOTAL REVENUE $854,305

Expense Breakdown

Grants Paid $916,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $916,500

Other Expenses $96,091

TOTAL EXPENSES $1,012,591

Year-over-Year Comparison

	2025	2024	Change
Revenue	$854,305	$797,026	+0.1%
Expenses	$1,012,591	$1,082,780	-0.1%
Net Income	$-158,286	$-285,754	-0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL AI MAY	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN C AI	TRUSTEE	1.00	Director	$0	$0	$0
VAL IWASHITA	TRUSTEE	1.00	Director	$0	$0	$0
JIM YATES	TRUSTEE	1.00	Director	$0	$0	$0
DIANA BABA	TRUSTEE	1.00	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
2025	$854,305	$1,012,591	$17,393,035	$-158,286
2024	No data	No data	No data	No data
2023	$5,774,205	$945,925	$15,046,086	$4,828,280
2022	$96,996	$316,582	$9,123,580	$-219,586
2021	$440,420	$149,740	$4,205,692	$290,680
2020	$161,391	$132,592	$3,849,318	$28,799
2019	$161,906	$138,340	$3,756,266	$23,566
2018	$606,990	$551,494	$3,601,438	$55,496