KAUAI REGION PHARMACY-WEST (EIN 854196430) - 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

2020

Legal Domicile

Principal Officer

LANCE SEGAWA

Phone

8083389407

Tax Period

2023-07-01 to 2024-06-30

KAUAI REGION PHARMACY-WEST, founded in 2020, is a small nonprofit in the Health Care sector that reported $681K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 58% operating deficit.

Mission

The Corporation operates as a supporting organization to the Hawaii Health Systems Corporation (HHSC), which is an agency and instrumentality of the State of Hawaii. HHSC operates public health facilities in the State of Hawaii. In furtherance of HHSC's purposes, and to lessen the burdens of government, the Corporation operates a pharmacy serving rural communities in West Kauai and supporting Kauai Veterans Memorial Hospital, a hospital owned and operated by HHSC.

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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 $650,000

Investment Income $331

Other Revenue $30,425

TOTAL REVENUE $680,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,558

Fundraising Expenses $0

Program Expenses $714,984

Other Expenses $542,396

TOTAL EXPENSES $1,074,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$680,756	$632,922	+0.1%
Expenses	$1,074,954	$1,120,442	0.0%
Net Income	$-394,198	$-487,520	-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

Employees

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

$595,076

Total Directors

$595,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD FUJIMOTO	VICE PRESIDENT	0	Officer Director	$0	$0	$335,833
CHRISTINE ASATO	SECRETARY AND TREASURER	0	Officer Director	$0	$0	$259,243
KENNETH VANDENBUSSCHE	PHARMACIST	40	Highest	$157,403	$0	$157,403
JONI TOMINAGA	PHARMACIST	40.00	Highest	$141,663	$0	$141,663

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	$680,756	$1,074,954	$863,242	$-394,198
2023	$632,922	$1,120,442	$618,756	$-487,520
2022	$699,519	$1,057,979	$764,647	$-358,460
2021	$325,002	$380,749	$258,027	$-55,747

KAUAI REGION PHARMACY-WEST