HAWAII IRON WORKERS' HEALTH AND WELFARE PLAN

EIN: 990166475

WAIPAHU, HI

Total Revenue
$13,203,748
Total Expenses
$8,751,149
Total Assets
$25,977,564
Net Assets
$25,977,564
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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
1975
Legal Domicile
HI
Principal Officer
JOSEPH O'DONNELL GAYLORD
Phone
8086718225
Tax Period
2023-08-01 to 2024-07-31

HAWAII IRON WORKERS' HEALTH AND WELFARE PLAN, founded in 1975, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.5M, a strong 34% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES, THEIR FAMILIES OR DEPENDENTS SATISFYING ELIGIBILITY REQUIREMENTS AS DETERMINED BY THE TRUSTEES

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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 $12,475,717
Investment Income $722,018
Other Revenue $6,013
TOTAL REVENUE $13,203,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,462,844
Other Expenses $390,695
TOTAL EXPENSES $8,751,149

Year-over-Year Comparison

2023 2022 Change
Revenue $13,203,748 $11,291,080 +0.2%
Expenses $8,751,149 $9,032,597 0.0%
Net Income $4,452,599 $2,258,483 +1.0%
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
11
Independent Members
N/A
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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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 TGP MOEA'I LABOR TRUSTEE 0.50
Director
$0 $0 $0
MELVIN KAHELE LABOR TRUSTEE 0.50
Director
$0 $0 $0
LINCOLN NAIWI JR LABOR TRUSTEE (UNTIL 3/24) 0.50
Director
$0 $0 $0
EDSON HOO MANAGEMENT TRUSTEE (UNTIL 6/24) 0.50
Director
$0 $0 $0
DOUGLAS EWART MANAGEMENT TRUSTEE (UNTIL 3/24) 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
TIMOTHY HAN LABOR TRUSTEE (UNTIL 3/24) 0.50
Director
$0 $0 $0
BRENT HOLCOMB MANAGEMENT TRUSTEE 0.50
Director
$0 $0 $0
KIM RENSO MANAGEMENT TRUSTEE (FROM 3/24) 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 $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
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