HAWAII TAPERS RETIREE HEALTH REIMBURSEMENT FUND (EIN 300856953) - 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

2015

Legal Domicile

Principal Officer

RYDEN VALMOJA MICHAEL MA

Phone

8085239411

Tax Period

2023-01-01 to 2023-12-31

HAWAII TAPERS RETIREE HEALTH REIMBURSEMENT FUND, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 96% operating margin.

Mission

ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT CREATES A RESERVE FOR REIMBURSEMENT OF HOSPITAL, MEDICAL, DENTAL, AND SIMILAR BENEFITS FOR ELIGIBLE PARTICIPANTS (AND THEIR TAX-QUALIFIED DEPENDENTS) FOLLOWING RETIREMENT.

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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 $1,567,249

Investment Income $95,638

Other Revenue $0

TOTAL REVENUE $1,662,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $60,964

TOTAL EXPENSES $69,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,662,887	$1,561,444	+0.1%
Expenses	$69,485	$81,633	-0.1%
Net Income	$1,593,402	$1,479,811	+0.1%

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

$179,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYDEN VALMOJA	UNION TRUSTEE	0.50	Director	$0	$0	$0
JOHN FRIGILLANA JR	UNION TRUSTEE	0.50	Director	$0	$0	$0
MARIO MANRIQUE JR	UNION TRUSTEE	0.50	Director	$0	$73,131	$179,344
KARL SINCLAIR	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
ANACLETO ALCANTRA	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL MAZZONE	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
BARBARA KONO	EMPLOYER TRUSTEE	0.50	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
2024	No data	No data	No data	No data
2023	$1,662,887	$69,485	$8,366,344	$1,593,402
2022	$1,561,444	$81,633	$6,653,877	$1,479,811
2021	$1,361,514	$61,718	$5,522,294	$1,299,796
2020	$1,044,262	$61,662	$4,207,747	$982,600
2019	$958,404	$56,399	$3,102,260	$902,005
2018	$901,679	$45,738	$2,074,603	$855,941

HAWAII TAPERS RETIREE HEALTH REIMBURSEMENT FUND