HAWAII MEDICAL SERVICE ASSOCIATION RETIREE HEALTH BENEFITS TRUST (EIN 776235574) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

JENNY SMITH

Phone

8089485145

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE ORGANIZATION IS A TRUST DEFINED UNDER IRS SECTION 501(C)(9) TO PAY HEALTH AND OTHER INSURANCE PREMIUMS, ASSESSMENTS, DUES, CHARGES AND INTEREST FOR THE PURPOSE OF PROVIDING BENEFITS TO PLAN PARTICIPANTS AND BENEFICIARIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,728,289

Other Revenue $0

TOTAL REVENUE $1,728,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,446,752

Other Expenses $249,557

TOTAL EXPENSES $2,696,309

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$4,627,117

Key Employees

Highest Compensated

reported

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

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	$1,728,289	$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

HAWAII MEDICAL SERVICE ASSOCIATION RETIREE HEALTH BENEFITS TRUST