THE QUEEN'S HEALTH SYSTEMS (EIN 990238120) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Phone

8085389011

Tax Period

2024-07-01 to 2025-06-30

THE QUEEN'S HEALTH SYSTEMS, founded in 1985, is a major nonprofit in the Health Care sector that reported $255.4M in total revenue in fiscal year 2024. Expenses of $225.3M left a modest 12% surplus.

Mission

TO SUPPORT, PROMOTE AND MAINTAIN THE AFFILIATE CORPORATIONS OF QUEEN'S HEALTH SYSTEMS AND TO PROMOTE, SUPERVISE AND CONTRIBUTE TO HEALTHCARE RELATED ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $299,246

Program Service Revenue $214,951,746

Investment Income $30,087,281

Other Revenue $10,095,794

TOTAL REVENUE $255,434,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,281,865

Fundraising Expenses $0

Program Expenses $190,420,310

Other Expenses $102,039,236

TOTAL EXPENSES $225,321,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,434,067	$249,845,894	+0.0%
Expenses	$225,321,101	$223,498,421	+0.0%
Net Income	$30,112,966	$26,347,473	+0.1%

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

1008

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

$9,624,171

Total Directors

$4,968,926

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CHANG	PRESIDENT/CEO	31.0	Officer Director	$1,163,577	$199,084	$1,362,661
JENAI WALL	TRUSTEE/CHAIR - PART YEAR	2.0	Officer Director	$0	$0	$0
JILL HOGGARD GREEN	PRESIDENT/CEO - PART YEAR	51.0	Officer Director	$1,720,031	$39,848	$1,759,879
PATRICK CHING	TRUSTEE/CHAIR	4.0	Officer Director	$0	$0	$0
A CATHERINE NGO	TRUSTEE	1.0	Director	$0	$0	$0
BLISS KANESHIRO MD	TRUSTEE	2.0	Director	$0	$26,090	$262,227
CAMERON NEKOTA	TRUSTEE	2.0	Director	$0	$0	$0
DANIEL CHUN	TRUSTEE	1.0	Director	$0	$0	$0
JAN SULLIVAN	TRUSTEE	1.0	Director	$0	$0	$0
JIM YATES	TRUSTEE - PART YEAR	1.0	Director	$0	$0	$0
KAMANI KUALA'AU	TRUSTEE	2.0	Director	$0	$0	$0
KAZUMA NAKAGAWA MD	TRUSTEE	2.0	Director	$0	$63,638	$849,162
KRISTI LEFFORGE	TRUSTEE	2.0	Director	$0	$0	$0
KYLE CHOCK	TRUSTEE	2.0	Director	$0	$0	$0
LYNN BABINGTON PHD	TRUSTEE	1.0	Director	$0	$0	$0
MARY G BOLAND DRPH RN	TRUSTEE	2.0	Director	$0	$0	$0
MEREDITH CHING	TRUSTEE	2.0	Director	$0	$0	$0
MICHAEL BRODERICK	TRUSTEE	2.0	Director	$0	$0	$0
NADINE TENN SALLE MD	TRUSTEE	1.0	Director	$0	$55,768	$734,997
ROBERT DEAN	TRUSTEE	2.0	Director	$0	$0	$0
SCOTT SEU	TRUSTEE	2.0	Director	$0	$0	$0
THOMAS PRISELAC	TRUSTEE	2.0	Director	$0	$0	$0
CLINTON YEE	ASSISTANT TREASURER	10.0	Officer	$233,957	$56,139	$290,096
DARLENA CHADWICK RN	EVP & QHS COO	39.0	Officer	$783,875	$151,686	$935,561
ERIC MARTINSON	VP / CIO	37.0	Officer	$757,487	$165,080	$922,567
Guy Nitta	TREASURER / CFO - PART YEAR	50.0	Officer	$486,675	$76,747	$563,422
JANICE KALANIHUIA	VICE PRESIDENT	1.0	Officer	$403,321	$71,261	$474,582
JOHN NITAO	SECRETARY/GENERAL COUNSEL	51.0	Officer	$626,552	$154,189	$780,741
PAUL MCDOWELL	TREASURER / CFO - PART YEAR	17.0	Officer	$567,396	$140,553	$707,949
STEPHANY VAIOLETI	VICE PRESIDENT	1.0	Officer	$335,643	$52,276	$387,919
TIM PANKS	TREASURER / CFO	17.0	Officer	$300,313	$1,700	$302,013
WHITNEY LIMM MD	SENIOR VICE PRESIDENT	47.0	Officer	$1,080,862	$55,919	$1,136,781
GERARD AKAKA MD	VP - NATIVE HAWAIIAN HEALTH	50.0	Highest	$650,475	$64,910	$715,385
MATTHEW ING MD	VP MEDICAL AFFAIRS & QMC CMO	25.0	Highest	$573,516	$54,615	$628,131
NALEEN ANDRADE	EVP - NATIVE HAWAIIAN HEALTH	50.0	Highest	$655,244	$37,476	$692,720
ROWENA TIMMS	EVP/CAO	50.0	Highest	$718,947	$110,017	$828,964
TODD ALLEN MD	SR VP & CHIEF QUALITY OFFICER	50.0	Highest	$568,153	$109,425	$677,578

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	$255,434,067	$225,321,101	$2,661,961,641	$30,112,966
2024	No data	No data	No data	No data
2023	$257,853,402	$200,511,575	$1,572,596,268	$57,341,827
2022	$276,839,616	$193,407,560	$1,268,219,966	$83,432,056
2021	$200,556,947	$175,817,470	$789,455,668	$24,739,477
2020	$136,048,483	$153,160,377	$737,226,949	$-17,111,894
2019	$147,644,164	$143,881,396	$540,070,000	$3,762,768
2018	$162,807,449	$152,302,346	$384,821,174	$10,505,103

THE QUEEN'S HEALTH SYSTEMS