THE QUEEN'S MEDICAL CENTER

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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

1859

Legal Domicile

Principal Officer

GEORGE R BRUNO MD

Phone

8085389011

Tax Period

2022-07-01 to 2023-06-30

THE QUEEN'S MEDICAL CENTER, founded in 1859, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2022. Expenses of $1.4B left a modest 9% surplus.

Mission

THE MISSION OF QMC IS TO FULFILL THE INTENT OF QUEEN EMMA AND KING KAMEHAMEHA IV TO PROVIDE, IN PERPETUITY, QUALITY HEALTHCARE SERVICES TO IMPROVE THE WELL-BEING OF NATIVE HAWAIIANS AND ALL THE PEOPLE OF HAWAII.

Program Service Accomplishments

Program 1

Expenses: $1,350,868,587 Revenue: $1,465,058,687

THE QUEEN'S MEDICAL CENTER IS THE LARGEST PRIVATE, NONPROFIT ACUTE CARE MEDICAL FACILITY IN HAWAII. ITS STAFF IS DEDICATED TO PROVIDING QUALITY HEALTH CARE TO THE PEOPLE OF HAWAII AND THE PACIFIC...

THE QUEEN'S MEDICAL CENTER IS THE LARGEST PRIVATE, NONPROFIT ACUTE CARE MEDICAL FACILITY IN HAWAII. ITS STAFF IS DEDICATED TO PROVIDING QUALITY HEALTH CARE TO THE PEOPLE OF HAWAII AND THE PACIFIC. SEE SCHEDULE O FOR MORE INFORMATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $52,792,198

Program Service Revenue $1,444,882,136

Investment Income $25,540,006

Other Revenue $32,767,074

TOTAL REVENUE $1,555,981,414

Expense Breakdown

Grants Paid $4,405,117

Salaries & Benefits $683,894,729

Fundraising Expenses $189,566

Program Expenses $1,350,868,587

Other Expenses $730,690,681

TOTAL EXPENSES $1,418,990,527

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,555,981,414	$1,567,909,818	0.0%
Expenses	$1,418,990,527	$1,531,614,405	-0.1%
Net Income	$136,990,887	$36,295,413	+2.8%

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

6403

Volunteers

240

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

$5,744,010

Total Directors

$5,613,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY JOHNSON	CNO	50.0	Highest	$2,239,582	$56,976	$2,296,558
JILL HOGGARD GREEN	TRUSTEE	25.0	Director	$0	$284,902	$1,994,645
WHITNEY LIMM MD	SENIOR VICE PRESIDENT	12.0	Officer	$0	$61,755	$1,280,022
JASON CHANG	PRESIDENT/TRUSTEE - PART YEAR	24.0	Officer Director	$951,232	$131,335	$1,082,567
PAUL MCDOWELL	TREASURER	44.0	Officer	$0	$128,759	$971,006
KAZUMA NAKAGAWA MD	TRUSTEE	1.0	Director	$0	$24,783	$874,340
JOHN NITAO	SECRETARY/GENERAL COUNSEL	2.0	Officer	$0	$111,936	$800,145
OMAR ABDUL GHANI MD	CARDIOLOGIST	25.0	Highest	$403,418	$40,868	$797,895
GEORGE R BRUNO MD	PRESIDENT/TRUSTEE	40.0	Officer Director	$0	$78,888	$780,781
JESUS PINO MORENO MD	CARDIOLOGIST	25.0	Highest	$374,641	$18,191	$749,964
ALAMELU RAMAMURTHI MD	Cardiac Electrophysiologist	25.0	Highest	$326,675	$41,478	$664,012
DARLENA CHADWICK RN	VICE PRESIDENT	13.0	Officer	$486,471	$67,786	$554,257
T SCOTT GALLACHER MD	TRUSTEE/COS	51.0	Director	$0	$39,279	$538,663
BERYL MUNIZ	VP - PATIENT CARE	50.0	Highest	$479,914	$29,048	$508,962
MICHEL RICCIONI	FORMER OFFICER	0.0		$0	$0	$376,796
NADINE TENN SALLE MD	TRUSTEE	1.0	Director	$0	$5,122	$342,732
SHARLENE TSUDA	FORMER OFFICER	0.0		$0	$6,974	$292,551
CLINTON YEE	ASSISTANT TREASURER	37.0	Officer	$0	$44,261	$275,232
STEVEN NISHIDA MD	TRUSTEE - PART YEAR	1.0	Director	$0	$0	$0
GARY CAUFIELD	TRUSTEE - PART YEAR	1.0	Director	$0	$0	$0
PATRICK CHING	TRUSTEE	1.0	Director	$0	$0	$0
KYLE CHOCK	TRUSTEE	1.0	Director	$0	$0	$0
PETER HALFORD MD	TRUSTEE	1.0	Director	$0	$0	$0
KEAWE KAHOLOKULA PHD	TRUSTEE	1.0	Director	$0	$0	$0
KAMANI KUALA'AU	TRUSTEE	1.0	Director	$0	$0	$0
KRISTI LEFFORGE	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT MOMSEN	TRUSTEE - PART YEAR	1.0	Director	$0	$0	$0
CAMERON NEKOTA	TRUSTEE	1.0	Director	$0	$0	$0
ALLEN UYEDA	TRUSTEE	1.0	Director	$0	$0	$0
JENAI WALL	TRUSTEE/CHAIR	1.0	Officer Director	$0	$0	$0
C SCOTT WO PHD	TRUSTEE - PART YEAR	1.0	Director	$0	$0	$0
JIM YATES	TRUSTEE	1.0	Director	$0	$0	$0
SHAWN MALIA KAKA'IAUPUNI PHD	TRUSTEE	1.0	Director	$0	$0	$0
A CATHERINE NGO	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS PRISELAC	TRUSTEE	1.0	Director	$0	$0	$0
SUSAN YAMADA	TRUSTEE	1.0	Director	$0	$0	$0
MARY G BOLAND DRPH RN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BRODERICK	TRUSTEE	1.0	Director	$0	$0	$0
MEREDITH CHING	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT DEAN	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT SEU	TRUSTEE	1.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,555,981,414	$1,418,990,527	$3,937,546,368	$136,990,887
2022	$1,567,909,818	$1,531,614,405	$3,398,551,042	$36,295,413
2021	$1,389,185,759	$1,345,887,984	$3,209,352,555	$43,297,775
2020	$1,273,976,580	$1,180,643,292	$2,563,409,000	$93,333,288
2019	$1,229,714,232	$1,108,914,850	$2,117,525,376	$120,799,382
2018	$1,189,712,302	$1,108,130,738	$1,820,754,936	$81,581,564