Straub Foundation

EIN: 990109350 501(c)(3) Medical Research

HONOLULU, HI

Total Revenue
$6,804,543
Total Expenses
$2,703,798
Total Assets
$44,169,748
Net Assets
$42,574,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
HI
Phone
8085357434
Tax Period
2024-07-01 to 2025-06-30

Straub Foundation, founded in 1962, is a community nonprofit in the Medical Research sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 60% operating margin.

Mission

THE MISSION OF STRAUB FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I.

Program Service Accomplishments

Program 1
Expenses: $1,716,060 Revenue: $0

THE MISSION OF STRAUB FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I THROUGH SUPPORT OF STRAUB CLINIC & HOSPITAL (DBA STRAUB BENIOFF MEDICAL CENTER). STRAUB CLINIC & HOSPITAL (STRAUB) IS A...

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THE MISSION OF STRAUB FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I THROUGH SUPPORT OF STRAUB CLINIC & HOSPITAL (DBA STRAUB BENIOFF MEDICAL CENTER). STRAUB CLINIC & HOSPITAL (STRAUB) IS A NOT-FOR-PROFIT MEDICAL CENTER LOCATED IN HONOLULU THAT IS DEDICATED TO THE HEALTH AND WELL-BEING OF ALL HAWAI'I RESIDENTS. STRAUB INCLUDES A MEDICAL CENTER IN HONOLULU AND A NETWORK OF NEIGHBORHOOD CLINICS. STRAUB IS A PART OF HAWAI'I PACIFIC HEALTH, ONE OF THE STATE'S LARGEST HEALTH CARE SYSTEMS. AS A NOT-FOR-PROFIT MEDICAL CENTER, STRAUB RELIES ON PHILANTHROPIC SUPPORT FROM THE COMMUNITY TO FULFILL ITS MISSION AND CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. CONTRIBUTIONS, BOTH UNRESTRICTED AND DESIGNATED, HELP THE MEDICAL CENTER PROVIDE EXCEPTIONAL MEDICAL CARE IN HAWAI'I. GENEROUS DONATIONS ASSIST, AND ARE NOT LIMITED TO, THESE AREAS: PATIENT AND SPECIALITY CARE, CAPITAL IMPROVEMENTS, EDUCATION AND RESEARCH, COMMUNITY HEALTH AND UNCOMPENSATED CARE. PATIENT AND SPECIALTY CARE BURN CARE UNIT STRAUB HAS THE PACIFIC REGION'S ONLY MULTIDISCIPLINARY BURN CARE UNIT. FIREFIGHTERS, ELECTRICIANS AND RESIDENTS THROUGHOUT HAWAI'I AND THE PACIFIC BASIN RELY ON THIS HIGHLY SPECIALIZED LIFESAVING CARE. BESIDES THE SPECIALTY CARE THAT THE STRAUB TEAM PROVIDES AT ITS BURN CARE UNIT, PHYSICIANS SERVE PATIENT NEEDS ACROSS THE NEIGHBOR ISLANDS, WHEN NECESSARY, THROUGH VIRTUAL VISITS. RECENT COMMUNITY DONATIONS HAVE SUPPORTED ONGOING SPECIALTY TRAINING FOR CLINICIANS AND FIRST RESPONDERS IN THE COMMUNITY WHO SERVE BURN PATIENTS. FUNDING HAS ALSO BEEN INVESTED IN EQUIPMENT NECESSARY FOR SPECIALIZED PROCEDURES AND ADVANCED WOUND CARE STRAUB. EDUCATION AND RESEARCH SUMMER STUDENT RESEARCH PROGRAM SINCE 1986, THE SUMMER STUDENT RESEARCH PROGRAM (SSRP) HAS EXPOSED STUDENTS TO A CAREER IN MEDICINE WHILE OFFERING AN OPPORTUNITY TO PARTICIPATE IN A CLINICAL RESEARCH STUDY. SSRP PARTICIPANTS ARE ENGAGED IN A STRUCTURED MEDICAL PROGRAM HIGHLIGHTED BY THE "LIFE CYCLE OF RESEARCH" CURRICULUM, "CAREERS IN MEDICINE" TALKS WITH PHYSICIANS, AND VISITS TO MEDICAL FACILITIES AND HOSPITALS. THROUGHOUT THE EIGHT-WEEK PROGRAM, STUDENTS ARE INVITED TO PURSUE OPTIONAL ACTIVITIES, SUCH AS SHADOWING PHYSICIANS AND OBSERVING SURGERIES BASED ON THEIR INDIVIDUAL AREAS OF INTEREST IN MEDICINE. SINCE THE PROGRAM WAS ESTABLISHED, MORE THAN 400 STUDENTS HAVE PARTICIPATED, AND A MAJORITY HAVE GONE ON TO MEDICAL/RESEARCH PROGRAMS AT PRESTIGIOUS INSTITUTIONS NATIONWIDE. TO DATE MORE THAN 130 SSRP ALUM ARE PRACTICING IN HAWAI'I. COMMUNITY HEALTH AND UNCOMPENSATED CARE PATIENT ASSISTANCE FUND: KOKUA FUND THE PURPOSE OF THE PATIENT ASSISTANCE FUND IS TO ASSIST MEDICAL CENTER PATIENTS AND/OR THEIR SUPPORT SYSTEM RECEIVING SERVICES, INCLUDING THE EMERGENCY DEPARTMENT AND OUTPATIENT SERVICES AT THIS FACILITY. THE MANAGEMENT AND DISBURSEMENT OF THE PATIENT ASSISTANCE FUND, OR KOKUA FUND, IS LEFT TO THE DISCRETION OF THIS FACILITY TO MEET SPECIFIC PATIENT CARE NEEDS. THE FUNDS MAY BE USED FOR PATIENTS AND/OR THEIR SUPPORT SYSTEM THAT HAVE FINANCIAL BARRIERS AND NEED CONTINUED MEDICAL OR PSYCHOSOCIAL SUPPORT OR TO FACILITATE DISCHARGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,028,804
Program Service Revenue $0
Investment Income $775,739
Other Revenue $0
TOTAL REVENUE $6,804,543

Expense Breakdown

Grants Paid $1,558,040
Salaries & Benefits $0
Fundraising Expenses $445,556
Program Expenses $1,716,060
Other Expenses $1,145,758
TOTAL EXPENSES $2,703,798

Year-over-Year Comparison

2024 2023 Change
Revenue $6,804,543 $9,259,452 -0.3%
Expenses $2,703,798 $1,979,860 +0.4%
Net Income $4,100,745 $7,279,592 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
8

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
7
$4,340,608
Total Directors
10
$6,426,997
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adelia Chung Board of Director, Vice Chair 0.1
Officer Director
$0 $0 $0
Jon Snook Board of Director, Chair 0.1
Officer Director
$0 $0 $0
Carol Ai-May Board of Director (part year) 0.1
Director
$0 $0 $0
D Matthew Pakkala Board of Director (part year) 0.1
Director
$0 $0 $0
Edward Weldon MD Board of Director 0.1
Director
$0 $38,634 $981,171
Kenji MD Yamazaki Board of Director 0.1
Director
$0 $0 $0
Kenton Eldridge Board of Director 0.1
Director
$0 $0 $0
Peter Dames Board of Director 0.1
Director
$0 $0 $0
Raymond P Vara Jr Board of Director 0.1
Director
$0 $2,402,439 $5,445,826
Sandy Fong Board of Director 0.1
Director
$0 $0 $0
Carrie Ann Tsutsui Assistant Treasurer 0.1
Officer
$0 $88,491 $414,074
Charles R Ching Secretary 0.1
Officer
$0 $397,894 $1,220,638
David Okabe Treasurer 0.1
Officer
$0 $568,803 $1,874,387
Dawn Dunbar President 15.0
Officer
$0 $133,114 $592,692
Jessica Lewis Assistant Secretary 0.5
Officer
$0 $47,962 $238,817
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 $6,804,543 $2,703,798 $44,169,748 $4,100,745
2024 No data No data No data No data
2023 $5,130,216 $2,507,306 $29,971,973 $2,622,910
2022 $14,587,144 $2,163,708 $26,564,863 $12,423,436
2021 $4,202,945 $2,244,763 $15,015,264 $1,958,182
2020 $2,705,317 $2,743,409 $12,029,631 $-38,092
2020 $2,705,317 $2,743,409 $12,029,631 $-38,092
2019 $4,933,170 $1,480,813 $11,324,690 $3,452,357
2018 $1,038,290 $1,730,380 $7,387,955 $-692,090
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