HAWAII CARPENTERS APPRENTICESHIP A… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

RONALD TAKETA

Phone

8088417575

Tax Period

2023-01-01 to 2023-12-31

HAWAII CARPENTERS APPRENTICESHIP AND TRAINING FUND, founded in 1967, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $35.5M represent 86 months of operating reserves.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE TRAINING AND EDUCATIONAL BENEFITS TO EMPLOYEES COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

THE FUND PROVIDED VARIOUS EDUCATION AND TRAINING BENEFITS TO EMPLOYEES WHO SATISFIED THE ELIGIBILITY REQUIREMENTS AS DETERMINED BY THE BOARD OF TRUSTEES OF THE FUND.

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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 $0

Program Service Revenue $4,042,880

Investment Income $578,381

Other Revenue $321,114

TOTAL REVENUE $4,942,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,559,996

Fundraising Expenses $0

Other Expenses $3,778,759

TOTAL EXPENSES $5,338,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,942,375	$4,235,462	+0.2%
Expenses	$5,338,755	$5,077,794	+0.1%
Net Income	$-396,380	$-842,332	-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

Governance

Voting Members

Independent Members

Employees

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

$231,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONRAD MURASHIGE	CO-CHAIRMAN	5.00	Officer Director	$0	$0	$0
RONALD TAKETA	CO-CHAIRMAN	5.00	Officer Director	$0	$0	$0
KYLE CHOCK	SECRETARY	5.00	Officer Director	$0	$0	$0
LANCE WILHELM	TRUSTEE (ALTERNATE)	5.00	Director	$0	$0	$0
PATRICK PALMER	TRUSTEE	5.00	Director	$0	$0	$0
DALE SAKAMOTO-YONEDA	TRUSTEE	5.00	Director	$0	$0	$0
ROY MORIOKA	TRUSTEE	5.00	Director	$0	$0	$0
SEAN NEWCAMP	TRUSTEE	5.00	Director	$0	$0	$0
MITCHELL TYNANES	TRUSTEE	5.00	Director	$0	$0	$0
LITO ALCANTRA	TRUSTEE	5.00	Director	$0	$0	$0
TRAVIS MURAKAMI	TRUSTEE	5.00	Director	$0	$0	$0
BARBARA KONO	TRUSTEE (ALTERNATE)	5.00	Director	$0	$0	$0
DIONE KALAOLA	TRUSTEE (ALTERNATE)	5.00	Director	$0	$0	$0
NATHANIEL KINNEY	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK GILL	TRUSTEE (FROM JULY 2022)	5.00	Director	$0	$0	$0
ALAN HINAHARA	TRUSTEE	5.00	Director	$0	$0	$0
EDMUND ACZON	EXECUTIVE DIRECTOR	40.00	Officer	$173,825	$57,524	$231,349
DARRELL SETO	TRAINING COORDINATOR	40.00	Highest	$111,752	$31,516	$143,268
PAUL TAMAYO	TRAINING COORDINATOR	40.00	Highest	$111,091	$24,250	$135,341
APRIL ACQUAVELLA	TRAINING COORDINATOR	40.00	Highest	$111,225	$42,059	$153,284
ERROL KUSUNOKI	TRAINING COORDINATOR	40.00	Highest	$109,686	$24,110	$133,796
MEREANE HAMATAKE	TRAINING COORDINATOR	40.00	Highest	$109,686	$27,320	$137,006

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	No data	No data	No data	No data
2023	$4,942,375	$5,338,755	$46,530,371	$-396,380
2022	$4,235,462	$5,077,794	$47,424,053	$-842,332
2021	$4,402,884	$3,564,815	$48,670,882	$838,069
2020	$4,154,095	$2,899,889	$41,821,594	$1,254,206
2019	$3,617,394	$3,181,998	$35,017,388	$435,396
2018	$4,159,600	$2,801,526	$34,761,238	$1,358,074

HAWAII CARPENTERS APPRENTICESHIP AND TRAINING FUND