HAWAII INSULATORS VACATION PLAN

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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

Principal Officer

BERNARD ALVAREZ RONALD L

Phone

8084418600

Tax Period

2023-10-01 to 2024-09-30

HAWAII INSULATORS VACATION PLAN, founded in 1975, is a small nonprofit that reported $773K in total revenue in fiscal year 2023. Expenses of $681K left a modest 12% surplus.

Mission

TO PROVIDE VACATION BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH PLAN RULES AND REGULATIONS.

Program Service Accomplishments

Program 1

TO PROVIDE VACATION BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH PLAN RULES AND REGULATIONS.

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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 $750,372

Investment Income $22,370

Other Revenue $0

TOTAL REVENUE $772,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $48,077

TOTAL EXPENSES $680,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$772,742	$752,238	+0.0%
Expenses	$680,890	$685,385	0.0%
Net Income	$91,852	$66,853	+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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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

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
RONALD LABANON JR	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
ROSS INOUYE	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
BRENT PASCUA	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
CHAD MORALES	MANAGEMENT TRUSTEE (ALTERN	0.50	Director	$0	$0	$0
DOUGLAS FULP	LABOR TRUSTEE	0.50	Director	$0	$0	$0
BERNARD ALVAREZ	LABOR TRUSTEE	0.50	Director	$0	$0	$0
RODNEY YOSHIKAWA	LABOR TRUSTEE	0.50	Director	$0	$0	$0
LEROY REFORMINA	LABOR TRUSTEE (ALTERNATE)	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	No data	No data	No data	No data
2024	$772,742	$680,890	$505,091	$91,852
2023	$752,238	$685,385	$378,297	$66,853
2022	$646,810	$656,068	$349,474	$-9,258
2021	$595,123	$642,665	$317,530	$-47,542
2020	$699,313	$739,662	$410,020	$-40,349
2019	$795,090	$823,085	$451,911	$-27,995
2018	$724,058	$759,670	$507,319	$-35,612