LOCAL 5 HOLDINGS INC (EIN 320289602) - 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

2009

Legal Domicile

Principal Officer

CADE WATANABE

Phone

8089412141

Tax Period

2024-01-01 to 2024-12-31

LOCAL 5 HOLDINGS INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $407K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $205K, a strong 50% operating margin.

Mission

THE BUSINESS, OBJECTS, AND PURPOSES OF LOCAL 5 HOLDINGS INC SHALL BE TO OWN THE BUILDING HOUSING THE OFFICES OF UNITE HERE LOCAL 5, A HAWAII NONPROFIT CORPORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $406,996

Investment Income $0

Other Revenue $0

TOTAL REVENUE $406,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $201,859

TOTAL EXPENSES $201,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,996	$353,331	+0.2%
Expenses	$201,859	$192,589	+0.0%
Net Income	$205,137	$160,742	+0.3%

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

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

$370,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC W GILL	TREASURER	1.00	Officer	$0	$27,244	$112,554
GEMMA G WEINSTEIN	SECRETARY	1.00	Officer	$0	$27,435	$118,267
CADE WATANABE	CHAIR	1.00	Officer	$0	$28,166	$140,148

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	$406,996	$201,859	$4,128,414	$205,137
2023	$353,331	$192,589	$4,146,944	$160,742
2022	$439,159	$223,901	$4,209,868	$215,258
2021	$338,635	$182,047	$4,218,276	$156,588
2020	$336,977	$192,836	$4,285,364	$144,141
2019	$334,692	$309,197	$4,230,803	$25,495
2018	$344,509	$324,049	$4,287,382	$20,460

LOCAL 5 HOLDINGS INC