HAWAII MEDICAL FOUNDATION (EIN 237063698) - 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

1968

Legal Domicile

Principal Officer

JERRY W VAN METER MD

Phone

8085367703

Tax Period

2022-07-01 to 2023-06-30

HAWAII MEDICAL FOUNDATION, founded in 1968, is a small nonprofit in the Medical Research sector that reported $157K in total revenue in fiscal year 2022. Expenses of $143K left a modest 9% surplus.

Mission

HAWAII MEDICAL FOUNDATION IS PARTICULARLY FOCUSED ON PHYSICIAN EDUCATION, SUCH AS CONTINUING MEDICAL EDUCATION FOR PRACTICING PHYSICIANS, AND THE EDUCATION OF MEDICAL STUDENTS, RESIDENTS AND FELLOWS IN TRAINING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,000

Program Service Revenue $143,191

Investment Income $49

Other Revenue $0

TOTAL REVENUE $157,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,943

Other Expenses $143,259

TOTAL EXPENSES $143,259

Year-over-Year Comparison

	2022	2021	Change
Revenue	$157,240	$146,295	+0.1%
Expenses	$143,259	$151,751	-0.1%
Net Income	$13,981	$-5,456	-3.6%

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

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

$2,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY W VAN METER MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
PATRICIA BLANCHETTE MD	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
GARY OKAMOTO MD	SECRETARY	0.50	Officer Director	$0	$0	$0
TOM KOSASA MD	TREASURER	0.50	Officer Director	$0	$0	$0
FRANKLIN YOUNG MD	DIRECTOR	0.50	Director	$0	$0	$0
CLARENCE KEKINA MD	DIRECTOR	0.50	Director	$0	$0	$0
JERRIS R HEDGES MD	DIRECTOR	0.50	Director	$0	$0	$0
FRANCIS PIEN MD	DIRECTOR	0.50	Director	$0	$0	$0
MYRON SHIRASU MD	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA NICHOLS	EXECUTIVE ADMINISTRATOR	15.00	Officer	$2,822	$0	$2,822

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	$157,240	$143,259	$252,358	$13,981
2022	$146,295	$151,751	$241,411	$-5,456
2021	$2,122	$14,155	$246,867	$-12,033
2020	$105,492	$131,203	$259,412	$-25,711
2019	$187,772	$181,075	$285,183	$6,697
2018	$158,080	$148,728	$285,716	$9,352

HAWAII MEDICAL FOUNDATION