QUEENS UNIVERSITY MEDICAL GROUP

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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

2022

Legal Domicile

Phone

8085389011

Tax Period

2024-07-01 to 2025-06-30

QUEENS UNIVERSITY MEDICAL GROUP, founded in 2022, is a major nonprofit in the Health Care sector that reported $158.4M in total revenue in fiscal year 2024. Expenses of $337.2M exceeded revenue, resulting in a 113% operating deficit.

Mission

BE THE PREEMINENT MEDICAL GROUP OF THE PACIFIC, LEADING THE DELIVERY OF HIGH QUALITY, COMPASSIONATE PATIENT CARE THAT IS CONTINUALLY ADVANCING THROUGH EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $294,413,972 Revenue: $157,112,360

PROVIDE HEALTH CARE SERVICES IN A CHARITABLE MANNER FOR PATIENTS OF THE QUEEN'S UNIVERSITY MEDICAL GROUP'S AFFILIATED HOSPITALS (THE QUEEN'S MEDICAL CENTER, MOLOKAI GENERAL HOSPITAL AND QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL) AND OTHER HEALTH CARE PROVIDERS WITHIN THE COMMUNITIES THEY SERVE.

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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 $942,711

Program Service Revenue $156,269,831

Investment Income $0

Other Revenue $1,181,389

TOTAL REVENUE $158,393,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,010,379

Fundraising Expenses $49,880

Program Expenses $294,413,972

Other Expenses $71,168,284

TOTAL EXPENSES $337,178,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,393,931	$148,253,405	+0.1%
Expenses	$337,178,663	$334,777,603	+0.0%
Net Income	$-178,784,732	$-186,524,198	0.0%

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

1569

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

$6,289,877

Total Directors

$9,846,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE R BRUNO MD	PRESIDENT/TRUSTEE	15.0	Officer Director	$848,823	$144,989	$993,812
GERARD LIVAUDAIS MD	TRUSTEE/VP	51.0	Officer Director	$522,396	$8,484	$530,880
JASON CHANG	TRUSTEE/CHAIR	1.0	Officer Director	$0	$199,084	$1,362,661
JILL HOGGARD GREEN	TRUSTEE/CHAIR - PART YEAR	1.0	Officer Director	$0	$39,848	$1,759,879
ZIA KHAN MD	TRUSTEE/VP	51.0	Officer Director	$643,912	$60,388	$704,300
DARLENA CHADWICK RN	TRUSTEE	1.0	Director	$0	$151,686	$935,561
Guy Nitta	TREASURER - PART YEAR	1.0	Director	$0	$76,747	$563,422
KAZUMA NAKAGAWA MD	TRUSTEE - PART YEAR	1.0	Director	$785,524	$63,638	$849,162
PAUL MCDOWELL	TRUSTEE - part year	1.0	Director	$0	$140,553	$707,949
TIM PANKS	TRUSTEE	1.0	Director	$0	$1,700	$302,013
WHITNEY LIMM MD	TRUSTEE	1.0	Director	$0	$55,919	$1,136,781
BRIANNA HERNANDEZ	SECRETARY	1.0	Officer	$0	$49,865	$233,023
LAUREN BENDINER	SECRETARY - PART YEAR	1.0	Officer	$0	$44,242	$227,684
TRACI JAY KOBAYASHI	TREASURER	51.0	Officer	$188,873	$27,801	$216,674
WARREN YAMAMOTO	VICE PRESIDENT	51.0	Officer	$212,925	$48,039	$260,964
ANTHONY HERRERA MD	INTERVENTIONAL RADIOLOGIST	50.0	Highest	$2,287,282	$28,812	$2,316,094
CLAYTON YAMADA MD	INTERVENTIONAL RADIOLOGIST	50.0	Highest	$2,175,758	$40,412	$2,216,170
JIMMY WANG MD	DIAGNOSTIC RADIOLOGY	50.0	Highest	$2,133,611	$20,459	$2,154,070
REID HOSHIDE MD	NEUROLOGICAL SURGERY	50.0	Highest	$2,308,699	$47,529	$2,356,228
YI ZHANG MD	NEUROLOGICAL SURGERY	50.0	Highest	$3,178,197	$58,234	$3,236,431
GAISON ONTAI	FORMER OFFICER	0.0		$0	$49,507	$230,387

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
2025	$158,393,931	$337,178,663	$229,026,113	$-178,784,732
2024	$148,253,405	$334,777,603	$161,335,125	$-186,524,198
2023	$104,983,290	$281,660,685	$101,509,801	$-176,677,395