HAWAII MEDICAL ASSOCIATION

EIN: 990067306

HONOLULU, HI

Total Revenue
$446,145
Total Expenses
$418,833
Total Assets
$1,136,363
Net Assets
$1,117,842
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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
1973
Legal Domicile
HI
Principal Officer
THOMAS KOSASA MD
Phone
8085367703
Tax Period
2023-01-01 to 2023-12-31

HAWAII MEDICAL ASSOCIATION, founded in 1973, is a small nonprofit that reported $446K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $419K left a modest 6% surplus.

Mission

TO PROMOTE HIGH STANDARDS WITHIN THE MEDICAL PROFESSION FOR THE BETTERMENT OF PUBLIC HEALTH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $264,826
Program Service Revenue $56,742
Investment Income $10,085
Other Revenue $114,492
TOTAL REVENUE $446,145

Expense Breakdown

Grants Paid $12,300
Salaries & Benefits $174,609
Fundraising Expenses $0
Program Expenses $214,416
Other Expenses $231,924
TOTAL EXPENSES $418,833

Year-over-Year Comparison

2023 2022 Change
Revenue $446,145 $475,804 -0.1%
Expenses $418,833 $530,138 -0.2%
Net Income $27,312 $-54,334 -1.5%
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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Governance

Voting Members
23
Independent Members
23
Employees
6
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
5
$0
Total Directors
23
$90,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH IGNACIO MD PRESIDENT 0.30
Officer Director
$0 $0 $0
NADINE TENN-SALLE MD PRESIDENT ELECT 0.30
Officer Director
$0 $0 $0
ANGELA PRATT MD IMMEDIATE PAST PRESIDENT 0.30
Officer Director
$0 $0 $0
THOMAS KOSASA MD SECRETARY 0.10
Officer Director
$0 $0 $0
JERRIS HEDGES MD TREASURER 0.30
Officer Director
$0 $0 $0
MARC ALEXANDER EXECUTIVE DIRECTOR 40.00
Director
$90,000 $0 $90,000
F DON PARSA MD HNL AT-LARGE-COUNCILOR 0.10
Director
$0 $0 $0
LENHANH TRAN MD HONOLULU COUNTY PRES 0.10
Director
$0 $0 $0
S KALANI BRADY MD HNL AT-LARGE-COUNCILOR 0.10
Director
$0 $0 $0
ROBERT SANTRY MD NEIGHBOR ISLAND AT-LARGE 0.10
Director
$0 $0 $0
CYNTHIA GOTO MD SPECIALTY DELEGATE 0.10
Director
$0 $0 $0
JERRY GARCIA MD NEIGHBOR ISLAND AT-LARGE 0.10
Director
$0 $0 $0
F DON PARSA MD HONOLULU COUNTY DELEGATE 0.10
Director
$0 $0 $0
HELEN K BLAISDELL-BRENNAN MD SPECIALTY DELEGATE 0.10
Director
$0 $0 $0
KENNETH CHANG MD SPECIALTY DELEGATE 0.10
Director
$0 $0 $0
ANGELA PRATT MD AMA DELEGATE 0.30
Director
$0 $0 $0
LAETON PANG MD SPECIALTY DELEGATE 0.10
Director
$0 $0 $0
S KALANI BRADY MD HONOLULU COUNTY DELEGATE 0.10
Director
$0 $0 $0
VACANT MAUI COUNTY DELEGATE 0.10
Director
$0 $0 $0
WILL SCRUGGS MD SPECIALTY DELEGATE 0.10
Director
$0 $0 $0
JERRY VAN METER MD AMA DELEGATE 0.10
Director
$0 $0 $0
JUSTIN WONG MEDICAL STUDENT DELEGATE 0.10
Director
$0 $0 $0
MAYA USHIJIMA MEDICAL STUDENT DELEGATE 0.10
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 No data No data No data No data
2023 $446,145 $418,833 $1,136,363 $27,312
2022 $475,804 $530,138 $983,825 $-54,334
2021 $825,194 $328,737 $1,031,092 $496,457
2020 $272,369 $357,948 $561,528 $-85,579
2019 $391,484 $406,208 $796,593 $-14,724
2018 $550,856 $578,267 $628,530 $-27,411
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