Tax Foundation of Hawaii

Nonprofit profile at a glance

EIN
990080329
IRS 990-EZ coverage
2016–2024
Forms available
Form 990 2021, Form 990-EZ 2024
Location
Honolulu, HI, USA
Phone
8085364587
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$124,350
Expenses
$126,410
Assets
$69,445
Liabilities
$88,146

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Thomas Yamachika (Executive Director/President)
  • Jade McMillen (Office Manager/ Vice President)

People named in this filing

  • Thomas Yamachika (Executive Director/President)
  • Jade McMillen (Office Manager/ Vice President)
  • Dennis Brown (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Research/evaluate state/local government tax/spending.

What it reported doing in 2024

Summary/analysis of pending government tax/finance legislation provided to subscribing members, institutions, and public officials. Conduct related briefings during legislative session to inform members and general public of pending legislation. Disseminate statistical information/research via weekly commentary.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 26
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.3%; rating input score 72
  • Program expense ratio: 71.2%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.7%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 1.27; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 63.3%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 72.3% of revenue deployed · 71.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $90K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.