HONOLULU, HI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HAWAII MEDICAL SERVICE ASSOCIATION RETIREE HEALTH BENEFITS TRUST, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 56% operating deficit.
THE TRUST WAS ESTABLISHED BY HAWAII MEDICAL SERVICE ASSOCIATION ("EMPLOYER") TO FUND A PORTION OF THE COST OF POST-RETIREMENT MEDICAL BENEFITS UNDER THE HAWAII MEDICAL SERVICE ASSOCIATION "PLAN" (AN ERISA WELFARE BENEFITS PLAN) TO HOLD, INVEST AND DISTRIBUTE ASSETS FOR THE PURPOSE THEREOF.
THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE HEALTH BENEFITS TO ELIGIBLE RETIRED EMPLOYEES AND THEIR BENEFICIARIES. HEALTH BENEFITS INCLUDE MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL...
THE PRIMARY EXEMPT PURPOSE OF THE TRUST IS TO PROVIDE HEALTH BENEFITS TO ELIGIBLE RETIRED EMPLOYEES AND THEIR BENEFICIARIES. HEALTH BENEFITS INCLUDE MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, DRUG, VISION AND COMPLEMENTARY CARE.AS OF 12/31/2023, THERE WERE:480 RETIRED OR SEPARATED PARTICIPANTS RECEIVING BENEFITS112 RETIRED OR SEPARATED PARTICIPANTS ENTITLED TO FUTURE BENEFITS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,728,289 | $1,776,692 | 0.0% |
| Expenses | $2,696,309 | $1,792,745 | +0.5% |
| Net Income | $-968,020 | $-16,053 | +59.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK MUGIISHI | TRUSTEE | 1.00 |
Director
|
$0 | $101,518 | $3,426,742 |
| GINA L MARTING | TRUSTEE | 1.00 |
Director
|
$0 | $32,179 | $1,200,375 |
| LISA SAKAMOTO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| N/A | INSTITUTIONAL TRUSTEE | 0.01 |
|
$89,865 | $0 | $179,730 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,728,289 | $2,696,309 | $56,186,757 | $-968,020 |
| 2022 | $1,776,692 | $1,792,745 | $50,798,677 | $-16,053 |
| 2021 | $2,535,419 | $2,580,161 | $68,765,901 | $-44,742 |
| 2020 | $181,744 | $2,285,035 | $63,467,366 | $-2,103,291 |
Compare HAWAII MEDICAL SERVICE ASSOCIATION RETIREE HEALTH BENEFITS TRUST with other nonprofits in Hawaii and across the country.