WAHIAWA HOSPITAL ASSOCIATION INC (EIN 990073529) - 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

1944

Legal Domicile

Principal Officer

MARCUS OSHIRO

Phone

8086218411

Tax Period

2023-07-01 to 2024-06-30

WAHIAWA HOSPITAL ASSOCIATION INC, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $23.4M in total revenue in fiscal year 2023. Revenue surged 24042% from the prior year, signaling strong growth momentum. Expenses of $26.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

PRIOR TO THE ASSET SALE: TO SUPPORT, PROMOTE, AND MAINTAIN WAHIAWA GENERAL HOSPITAL NOT-FOR-PROFIT CORPORATION. TO OPERATE EXCLUSIVELY FOR HOSPITAL, CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.POST SALE: TO PROMOTE QUALITY HEALTH AND WELLNESS TO IMPROVE THE WELLBEING OF THE PEOPLE OF CENTRAL OAHU AND THE NORTH SHORE AND COLLABORATE WITH LIKE-MINDED COMMUNITY NON-PROFIT AND FOR-PROFIT ORGANIZATIONS.

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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 $625

Program Service Revenue $149,343

Investment Income $23,238,676

Other Revenue $0

TOTAL REVENUE $23,388,644

Expense Breakdown

Grants Paid $26,293,490

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,367,419

Other Expenses $219,596

TOTAL EXPENSES $26,513,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,388,644	$96,881	+240.4%
Expenses	$26,513,086	$244,716	+107.3%
Net Income	$-3,124,442	$-147,835	+20.1%

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

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
DAVID SEEHOLZER	PRIOR CHAIRMAN	0.26	Officer Director	$0	$0	$0
JOHN KAMPFER	DIRECTOR	0.20	Director	$0	$0	$0
NORBERTO BAYSA MD	DIRECTOR	0.17	Director	$0	$0	$0
R KALANI FRONDA	VICE CHAIR	0.26	Officer Director	$0	$0	$0
BISHOP MICHAEL HENDERSON	TREASURER	0.29	Officer Director	$0	$0	$0
JEFFREY ALAMEIDA	DIRECTOR	0.26	Director	$0	$0	$0
CRAIG THOMAS MD	DIRECTOR	0.29	Director	$0	$0	$0
ROBERT BUNDA	DIRECTOR	0.32	Director	$0	$0	$0
STACIE SASAGAWA	SECRETARY	0.35	Officer Director	$0	$0	$0
GORDON KANEMARU DDS	DIRECTOR	0.35	Director	$0	$0	$0
JOSEPH FRANCHER	DIRECTOR	0.32	Director	$0	$0	$0
MARCUS OSHIRO	CHAIRMAN	0.26	Officer Director	$0	$0	$0
GARRETT KAM	DIRECTOR	0.38	Director	$0	$0	$0
DARIN UESUGI	DIRECTOR	0.29	Director	$0	$0	$0
LEI LEARMONT	DIRECTOR	0.38	Director	$0	$0	$0
RICHARD NONAKA	DIRECTOR	0.26	Director	$0	$0	$0
BRANDON TOMITA	VICE CHAIR	0.20	Officer Director	$0	$0	$0
BRIAN CUNNINGHAM	CEO	1.00	Officer	$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	$23,388,644	$26,513,086	$371,416	$-3,124,442
2023	$96,881	$244,716	$3,602,785	$-147,835
2022	$101,140	$127,533	$3,657,866	$-26,393
2021	$1,612,789	$91,232	$2,731,618	$1,521,557
2020	$83,970	$118,353	$1,819,244	$-34,383
2019	$57,593	$160,559	$2,033,952	$-102,966
2018	$107,232	$128,973	$2,109,231	$-21,741

WAHIAWA HOSPITAL ASSOCIATION INC