HAWAIIAN PILOTS POST MEDICARE HEALTH PLAN VEBA TRUST (EIN 821580173) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

DAN WHITE

Phone

7036894124

Tax Period

2023-01-01 to 2023-12-31

HAWAIIAN PILOTS POST MEDICARE HEALTH PLAN VEBA TRUST, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2018. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.2M, a strong 91% operating margin.

Mission

ESTABLISHED UNDER A COLLECTIVE BARGAINING AGREEMENT TO REIMBURSE ELIGIBLE RETIREES AND THEIR ELIGIBLE DEPENDENTS FOR EXPENSES INCURRED AFTER RETIREMENT OR SEPARATION FROM SERVICE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,120,101

Investment Income $6,662,619

Other Revenue $305,907

TOTAL REVENUE $9,088,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $495,218

TOTAL EXPENSES $1,217,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,088,627	$7,677,191	+0.2%
Expenses	$1,217,934	$1,042,774	+0.2%
Net Income	$7,870,693	$6,634,417	+0.2%

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

$502,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE POWERS	ASST. DIRECTOR. REPRESENTATION	5.0	Officer	$0	$77,055	$502,925
THE NORTHERN TRUST COMPANY	TRUSTEE	1.0		$163,058	$0	$163,058
JOHN FERANDIN	BOARD MEMBER	5.0	Director	$0	$0	$0
DOUG GRANT	BOARD MEMBER	5.0	Director	$0	$0	$0
ALBERT HOW	BOARD MEMBER	5.0	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	$9,088,627	$1,217,934	$152,489,741	$7,870,693
2022	$7,677,191	$1,042,774	$131,793,300	$6,634,417
2021	$7,919,251	$729,976	$154,215,788	$7,189,275
2020	$4,151,648	$620,348	$137,163,897	$3,531,300
2019	$5,689,422	$528,013	$122,339,939	$5,161,409
2018	$3,567,416	$329,080	$100,833,700	$3,238,336

HAWAIIAN PILOTS POST MEDICARE HEALTH PLAN VEBA TRUST