GENERAL CONTRACTORS ASSOCIATION OF HAWAII (EIN 990064606) - 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

1946

Legal Domicile

Principal Officer

CHERYL WALTHALL

Phone

8088331681

Tax Period

2024-01-01 to 2024-12-31

GENERAL CONTRACTORS ASSOCIATION OF HAWAII, founded in 1946, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 7% surplus.

Mission

THE ASSOCIATION WAS ORGANIZED FOR THE PURPOSE OF IMPROVING THE STATUS OF THE CONSTRUCTION INDUSTRY THROUGH EDUCATION, ASSISTING PUBLIC AGENCIES, PROMOTING SAFETY, AND IMPROVING EMPLOYEE RELATIONS.

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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 $1,227,084

Program Service Revenue $875,399

Investment Income $268,494

Other Revenue $45,163

TOTAL REVENUE $2,416,140

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $804,238

Fundraising Expenses $0

Program Expenses $2,162,071

Other Expenses $1,221,497

TOTAL EXPENSES $2,245,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,416,140	$2,005,211	+0.2%
Expenses	$2,245,735	$2,039,043	+0.1%
Net Income	$170,405	$-33,832	-6.0%

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

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

$213,281

Total Directors

$213,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL WALTHALL	EXECUTIVE DI	36.00	Officer Director	$201,420	$11,861	$213,281
MICHAEL YOUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSSELL INOUYE	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
MICHAEL INOUYE	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
MIKE VENEZIA	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE BAGINSKI	IMME. PAST P	1.00	Officer Director	$0	$0	$0
LANCE K WILHELM	AGC LIFE GOV	1.00	Director	$0	$0	$0
RICK HELTZEL	AGC GOVERNOR	1.00	Director	$0	$0	$0
LESLIE ISEMOTO	AGC GOVERNOR	1.00	Director	$0	$0	$0
GLEN KANESHIGE	AGC GOVERNOR	1.00	Director	$0	$0	$0
GERRY MAJKUT	AGC GOVERNOR	1.00	Director	$0	$0	$0
JOHN ROMANOWSKI	PAST PRESIDE	1.00	Director	$0	$0	$0
DALE SAKAMOTO YONEDA	PAST PRESIDE	1.00	Director	$0	$0	$0
JACKSON CHENG	DIRECTOR	1.00	Director	$0	$0	$0
MATT HEAHLKE	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS HIGA	DIRECTOR	1.00	Director	$0	$0	$0
TERI MORITOMO	DIRECTOR	1.00	Director	$0	$0	$0
ROY SHIOI	DIRECTOR	1.00	Director	$0	$0	$0
AARON YAHIKU	DIRECTOR	1.00	Director	$0	$0	$0
AARON YAMASAKI	DIRECTOR	1.00	Director	$0	$0	$0
COLIN YOSHIYAMA	DIRECTOR	1.00	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	$2,416,140	$2,245,735	$6,702,993	$170,405
2023	$2,005,211	$2,039,043	$6,186,481	$-33,832
2022	$1,821,991	$2,178,468	$5,642,963	$-356,477
2021	$1,455,396	$1,692,688	$6,721,024	$-237,292
2020	$1,331,974	$1,466,107	$6,377,968	$-134,133
2018	$1,462,823	$1,433,172	$5,527,076	$29,651

GENERAL CONTRACTORS ASSOCIATION OF HAWAII