HAWAII ELECTRICIANS HEALTH AND WELFARE FUND

EIN: 990104618

HONOLULU, HI

Total Revenue
$29,441,928
Total Expenses
$30,807,135
Total Assets
$100,045,464
Net Assets
$99,620,439
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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
1962
Legal Domicile
HI
Principal Officer
TRACY HAYASHI AL ITAMOT
Phone
8088416169
Tax Period
2023-10-01 to 2024-09-30

HAWAII ELECTRICIANS HEALTH AND WELFARE FUND, founded in 1962, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $99.6M represent 41 months of operating reserves.

Mission

ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS ACCORDING TO PLAN RULES AND REGULATIONS.

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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 $0
Program Service Revenue $24,540,617
Investment Income $4,901,311
Other Revenue $0
TOTAL REVENUE $29,441,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,361,245
Other Expenses $2,352,494
TOTAL EXPENSES $30,807,135

Year-over-Year Comparison

2023 2022 Change
Revenue $29,441,928 $24,673,374 +0.2%
Expenses $30,807,135 $23,941,205 +0.3%
Net Income $-1,365,207 $732,169 -2.9%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMIEN KIM UNION TRUSTEE 0.50
Director
$0 $0 $0
LEYTON TORDA UNION TRUSTEE 0.50
Director
$0 $0 $0
TRACY HAYASHI UNION TRUSTEE 0.50
Director
$0 $0 $0
ROBERT AQUINO UNION TRUSTEE (ALT) 0.50
Director
$0 $0 $0
DOUGLAS OKI EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
JODY HANAMOTO EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
DARYL SUEHIRO EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
AL ITAMOTO EMPLOYER TRUSTEE (ALT) 0.50
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 $29,441,928 $30,807,135 $100,045,464 $-1,365,207
2023 $24,673,374 $23,941,205 $92,159,114 $732,169
2022 $25,134,723 $29,559,521 $86,546,798 $-4,424,798
2022 $25,134,723 $29,559,521 $86,546,798 $-4,424,798
2021 $29,741,414 $30,468,768 $100,884,325 $-727,354
2021 $29,741,414 $30,468,768 $100,884,325 $-727,354
2020 $26,801,203 $30,063,756 $98,910,930 $-3,262,553
2019 $27,816,669 $31,314,965 $100,801,324 $-3,498,296
2018 $29,921,009 $30,293,777 $102,456,171 $-372,768
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