HAWAII RESIDENCY PROGRAMS INC

EIN: 990215841 501(c)(3) Diseases & Disorders

HONOLULU, HI

Total Revenue
$23,417,980
Total Expenses
$23,165,718
Total Assets
$9,918,286
Net Assets
$2,597,783
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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
1982
Legal Domicile
HI
Principal Officer
NATALIE TALAMOA
Phone
8085862890
Tax Period
2022-07-01 to 2023-06-30

HAWAII RESIDENCY PROGRAMS INC, founded in 1982, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $23.4M in total revenue in fiscal year 2022.

Mission

PROVIDE RESIDENT DOCTORS WITH THE OPPORTUNITY TO FURTHER THEIR PROFESSIONAL EDUCATION THROUGH SUPERVISED CARE TO PATIENTS IN COMMUNITY HOSPITALS AND OTHER HEALTH CARE FACILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $76,450
Program Service Revenue $23,145,326
Investment Income $194,296
Other Revenue $1,908
TOTAL REVENUE $23,417,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,743,873
Fundraising Expenses $0
Program Expenses $21,428,952
Other Expenses $1,421,845
TOTAL EXPENSES $23,165,718

Year-over-Year Comparison

2022 2021 Change
Revenue $23,417,980 $21,707,888 +0.1%
Expenses $23,165,718 $21,656,251 +0.1%
Net Income $252,262 $51,637 +3.9%
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
5
Independent Members
5
Employees
363
Volunteers
6

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
5
$407,818
Total Directors
6
$0
Key Employees
1
$172,428
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND P VARA JR DIRECTOR, PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL HOGGARD GREEN DIRECTOR, VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GARY K KAJIWARA DIRECTOR, SECRETARY/TREASU 1.00
Officer Director
$0 $0 $0
LEE BUENCONSEJO-LUM DIRECTOR 1.00
Director
$0 $0 $0
SUSAN STEINEMANN DIRECTOR 1.00
Director
$0 $0 $0
JERRIS HEDGES FORMER DIRECTOR 1.00
Director
$0 $0 $0
SEIKO WATANABE FORMER FINANCE DIRECTOR 40.00
Officer
$179,921 $13,786 $193,707
NATALIE TALAMOA EXECUTIVE DIRECTOR 40.00
Officer
$196,593 $17,518 $214,111
MARLENE KEAWE GME OPERATIONS DIRECTOR 40.00
Key Emp
$160,327 $12,101 $172,428
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 No data No data No data No data
2023 $23,417,980 $23,165,718 $9,918,286 $252,262
2022 $21,707,888 $21,656,251 $9,296,011 $51,637
2021 $21,904,446 $21,752,450 $9,051,917 $151,996
2020 $21,443,925 $21,264,707 $8,661,807 $179,218
2019 $20,627,331 $20,485,315 $7,787,627 $142,016
2018 $20,364,334 $20,307,557 $7,023,778 $56,777
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