GENERAL CONTRACTORS LABOR ASSOCIATION

EIN: 990118431

HONOLULU, HI

Total Revenue
$653,578
Total Expenses
$344,441
Total Assets
$4,514,305
Net Assets
$4,514,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
HI
Principal Officer
CHERYL WALTHALL
Phone
8088331681
Tax Period
2024-01-01 to 2024-12-31

GENERAL CONTRACTORS LABOR ASSOCIATION, founded in 1967, is a small nonprofit that reported $654K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $309K, a strong 47% operating margin.

Mission

THE GENERAL CONTRACTORS LABOR ASSOCIATION WAS ORGANIZED FOR THE PURPOSE OF NEGOTIATING AND ADMINISTERING COLLECTIVE BARGAINING AGREEMENTS ON BEHALF OF ITS MEMBERS.

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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 $562,764
Program Service Revenue $0
Investment Income $90,814
Other Revenue $0
TOTAL REVENUE $653,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $233,454
Other Expenses $344,441
TOTAL EXPENSES $344,441

Year-over-Year Comparison

2024 2023 Change
Revenue $653,578 $561,329 +0.2%
Expenses $344,441 $354,343 0.0%
Net Income $309,137 $206,986 +0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
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
9
$215,365
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL WALTHALL EXECUTIVE DI 4.00
Officer
$0 $0 $215,365
MATT HEAHLKE BOARD DIRECT 1.00
Director
$0 $0 $0
TRAVIS HIGA BOARD DIRECT 1.00
Director
$0 $0 $0
TERI MORITOMO BOARD DIRECT 1.00
Director
$0 $0 $0
ROY SHOI BOARD DIRECT 1.00
Director
$0 $0 $0
AARON YAHIKU BOARD DIRECT 1.00
Director
$0 $0 $0
AARON YAMASAKI BOARD DIRECT 1.00
Director
$0 $0 $0
COLIN YOSHIYAMA BOARD DIRECT 1.00
Director
$0 $0 $0
RICK HELTZEL AGC GOVERNOR 1.00
Officer
$0 $0 $0
MICHAEL INOUYE 2ND VICE PRE 1.00
Officer
$0 $0 $0
RUSSELL INOUYE 1ST VICE PRE 1.00
Officer
$0 $0 $0
LESLIE ISEMOTO AGC GOVERNOR 1.00
Officer
$0 $0 $0
GLEN KANESHIGE AGC GOVERNOR 1.00
Officer
$0 $0 $0
GERRY MAJKUT AGC GOVERNOR 1.00
Officer
$0 $0 $0
MIKE VENEZIA TREASURER 1.00
Officer
$0 $0 $0
MICHAEL YOUNG PRESIDENT 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 $653,578 $344,441 $4,514,305 $309,137
2023 $561,329 $354,343 $3,729,652 $206,986
2022 $487,533 $285,707 $3,085,448 $201,826
2021 $617,263 $277,303 $3,383,024 $339,960
2020 $527,794 $267,174 $2,762,963 $260,620
2019 $555,315 $267,279 $2,293,421 $288,036
2018 $545,875 $273,498 $1,791,865 $272,377
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