HAWAII HEALTH AND WELFARE TRUST FU… - Form 990 Financial Data

🔒

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

1967

Legal Domicile

Principal Officer

Dan Reding

Phone

5106718810

Tax Period

2024-01-01 to 2024-12-31

HAWAII HEALTH AND WELFARE TRUST FUND FOR OPERATING ENGINEERS, founded in 1967, is a mid-sized nonprofit that reported $34.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $32.6M left a modest 5% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN EMPLOYERS AND THE UNION.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN EMPLOYERS AND THE UNION.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,293,531

Investment Income $2,895,687

Other Revenue $49,695

TOTAL REVENUE $34,238,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,246

Fundraising Expenses $0

Other Expenses $3,284,456

TOTAL EXPENSES $32,602,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,238,913	$29,668,622	+0.2%
Expenses	$32,602,514	$29,674,323	+0.1%
Net Income	$1,636,399	$-5,701	-288.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE INOUYE	CHAIRMAN	5.0	Director	$0	$0	$0
RODNEY NOHARA	TRUSTEE	5.0	Director	$0	$0	$0
KATHLEEN THURSTON	TRUSTEE	5.0	Director	$0	$0	$0
DAN REDING	CO-CHAIRMAN	5.0	Director	$0	$0	$0
ANALESEA TUIASOSOPO	TRUSTEE	5.0	Director	$0	$0	$0
JUSTIN DISTON	TRUSTEE	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	$34,238,913	$32,602,514	$70,941,686	$1,636,399
2023	$29,668,622	$29,674,323	$66,813,376	$-5,701
2022	$25,570,750	$25,276,687	$60,091,064	$294,063
2021	$27,445,025	$25,763,933	$65,988,740	$1,681,092
2020	$28,667,285	$23,431,765	$62,542,329	$5,235,520
2019	$28,353,694	$27,087,765	$58,393,268	$1,265,929
2018	$26,238,983	$26,604,161	$53,200,804	$-365,178

HAWAII HEALTH AND WELFARE TRUST FUND FOR OPERATING ENGINEERS