HAWAII INSULATORS TRAINING TRUST (EIN 237108342) - 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

1975

Legal Domicile

Principal Officer

LEROY REFORMINA RONALD

Phone

8085230199

Tax Period

2023-09-01 to 2024-08-31

HAWAII INSULATORS TRAINING TRUST, founded in 1975, is a small nonprofit that reported $153K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $192K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE EDUCATION, TRAINING, AND RE-TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS OF EMPLOYERS SIGNATORY TO THE COLLECTIVE BARGAINING AGREEMENT. THIS PLAN IS A MULTI-EMPLOYER PLAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,552

Investment Income $16,681

Other Revenue $0

TOTAL REVENUE $153,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,946

Fundraising Expenses $0

Other Expenses $110,198

TOTAL EXPENSES $192,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,233	$137,352	+0.1%
Expenses	$192,144	$220,533	-0.1%
Net Income	$-38,911	$-83,181	-0.5%

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

N/A

Employees

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

$3,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD LABANON JR	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
ROSS INOUYE	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
GARY SILVA	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
CHAD MORALES	MANAGEMENT TRUSTEE (ALTERN	0.50	Director	$0	$0	$0
DOUGLAS FULP	LABOR TRUSTEE	0.50	Director	$0	$0	$0
ANDREW FORTUNO	LABOR TRUSTEE	0.50	Director	$0	$0	$0
LEROY REFORMINA	LABOR TRUSTEE	0.50	Director	$1,856	$0	$1,856
TROY EBALAROZA	LABOR TRUSTEE (ALTERNATE)	0.50	Director	$1,792	$0	$1,792

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	$153,233	$192,144	$1,342,026	$-38,911
2023	$137,352	$220,533	$1,315,311	$-83,181
2022	$206,524	$217,711	$1,376,533	$-11,187
2021	$245,523	$190,596	$1,477,450	$54,927
2020	$282,752	$199,526	$1,453,186	$83,226
2019	$317,061	$175,398	$1,350,088	$141,663
2018	$290,399	$181,357	$1,169,223	$109,042

HAWAII INSULATORS TRAINING TRUST