UNITE HERE LOCAL 5 (EIN 990037985) - 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

1938

Legal Domicile

Principal Officer

CADE WATANABE

Phone

8089412141

Tax Period

2023-01-01 to 2023-12-31

UNITE HERE LOCAL 5, founded in 1938, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 27% operating margin.

Mission

ORGANIZES WORKERS IN THE HOTEL AND RESTAURANT INDUSTRIES OF HAWAII TO SECURE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER ECONOMIC ADVANTAGES THORUGH ORGANIZATION, NEGOTIATIONS, AND COLLECTIVE BARGAINING.

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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 $296,275

Program Service Revenue $10,016,880

Investment Income $472,575

Other Revenue $188,557

TOTAL REVENUE $10,974,287

Expense Breakdown

Grants Paid $39,342

Salaries & Benefits $3,973,614

Fundraising Expenses $0

Other Expenses $3,679,278

TOTAL EXPENSES $8,052,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,974,287	$9,256,544	+0.2%
Expenses	$8,052,654	$7,484,656	+0.1%
Net Income	$2,921,633	$1,771,888	+0.6%

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

109

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

$636,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC W GILL	FINANCIAL SECRETARY-TREASU	40.00	Officer	$92,594	$25,884	$118,478
MICHAEL A MCGURN	EXECUTIVE BOARD (P)	1.00	Officer	$0	$44	$44
JOYCE L TIHADA	EXECUTIVE BOARD	1.00	Officer	$0	$44	$44
MAGGIE T LARSON	EXECUTIVE BOARD	1.00	Officer	$183	$241	$424
ANGELA R PRIGGE	EXECUTIVE BOARD	40.00	Officer	$66,253	$24,960	$91,213
LYDIA S AGUSTIN	EXECUTIVE BOARD	40.00	Officer	$65,853	$24,948	$90,801
GEMMA G WEINSTEIN	PRESIDENT	40.00	Officer	$88,064	$25,748	$113,812
JULIE GABOT	EXECUTIVE BOARD	1.00	Officer	$3,749	$165	$3,914
MARLA MARCELLO	EXECUTIVE BOARD	1.00	Officer	$1,110	$241	$1,351
DAREN MIYASATO	EXECUTIVE BOARD	1.00	Officer	$0	$44	$44
CINDY ABAN	EXECUTIVE BOARD	40.00	Officer	$61,309	$24,811	$86,120
CADE WATANABE	SR. VICE PRESIDENT	40.00	Officer	$99,672	$26,036	$125,708
JASON MAXWELL	EXECUTIVE BOARD	1.00	Officer	$3,250	$241	$3,491
SUSAN GALICHA	EXECUTIVE BOARD	1.00	Officer	$739	$44	$783

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	$10,974,287	$8,052,654	$17,584,185	$2,921,633
2022	$9,256,544	$7,484,656	$14,612,666	$1,771,888
2021	$9,367,351	$7,158,690	$12,752,004	$2,208,661
2020	$7,972,545	$5,820,937	$10,525,322	$2,151,608
2019	$9,291,751	$8,325,706	$8,433,102	$966,045
2018	$10,604,460	$14,508,518	$7,407,805	$-3,904,058

UNITE HERE LOCAL 5