HAWAII IRON WORKERS' HEALTH AND WE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

JOSEPH O'DONNELL GAYLORD

Phone

8086718225

Tax Period

2024-08-01 to 2025-07-31

HAWAII IRON WORKERS' HEALTH AND WELFARE PLAN, founded in 1975, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.6M, a strong 36% operating margin.

Mission

ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT PROVIDES HEALTH AND WELFARE BENEFITS TO EMPLOYEES, THEIR FAMILIES, OR DEPENDENTS SATISFYING ELIGIBILITY REQUIREMENTS AS DETERMINED BY THE TRUSTEES.

Program Service Accomplishments

Program 1

Expenses: $8,999,537

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE INSURANCE, AND TEMPORARY DISABILITY BENEFITS FOR ELIGIBLE EMPLOYEES, THEIR FAMILIES, OR DEPENDENTS.

Program 2

Expenses: $653,474

TO PROVIDE SUPPLEMENTARY ASSISTANCE TO RETIREES FOR PREMIUMS DUE.

Program 3

Expenses: $52,539

TO PROVIDE SUPPLEMENTARY ASSISTANCE TO TERMINATED EMPLOYEES FOR PREMIUMS DUE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,578,506

Investment Income $1,070,748

Other Revenue $360

TOTAL REVENUE $15,649,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,705,550

Other Expenses $378,363

TOTAL EXPENSES $10,083,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,649,614	$13,203,748	+0.2%
Expenses	$10,083,913	$8,751,149	+0.2%
Net Income	$5,565,701	$4,452,599	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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
JOSEPH O'DONNELL	LABOR TRUSTEE	0.50	Director	$0	$0	$0
BRONSON PARIS	LABOR TRUSTEE	0.50	Director	$0	$0	$0
SHON MOEA'I	LABOR TRUSTEE	0.50	Director	$0	$0	$0
MELVIN KAHELE	LABOR TRUSTEE	0.50	Director	$0	$0	$0
T KAWIKA CHUN	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
DAVID A MILLER JR	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
HENRY TAKAHASHI	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
GAYLORD LOVELL	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
LINCOLN NAIWI SR	LABOR TRUSTEE	0.50	Director	$0	$0	$0
BRENT HOLCOMB	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
KIM RENSO	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
MICAH PARIS	LABOR TRUSTEE	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
2025	$15,649,614	$10,083,913	$31,842,337	$5,565,701
2024	$13,203,748	$8,751,149	$25,977,564	$4,452,599
2023	$11,291,080	$9,032,597	$20,772,894	$2,258,483
2022	$11,329,723	$10,343,066	$18,534,715	$986,657
2021	$11,424,043	$10,708,039	$18,993,693	$716,004
2020	$10,628,540	$11,034,828	$18,142,914	$-406,288
2019	$10,276,524	$11,954,819	$17,532,590	$-1,678,295
2018	$11,309,875	$10,985,629	$18,924,327	$324,246

HAWAII IRON WORKERS' HEALTH AND WELFARE PLAN