Kapi'olani Health Foundation (EIN 990246364) - 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

1986

Legal Domicile

Phone

8085357100

Tax Period

2024-07-01 to 2025-06-30

Kapi'olani Health Foundation, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $20.6M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.8M, a strong 77% operating margin.

Mission

THE MISSION OF KAPI'OLANI HEALTH FOUNDATION IS TO CREATE A HEALTHIER HAWAI'I.

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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 $16,184,199

Program Service Revenue $0

Investment Income $4,674,118

Other Revenue $-234,932

TOTAL REVENUE $20,623,385

Expense Breakdown

Grants Paid $2,373,398

Salaries & Benefits $0

Fundraising Expenses $597,230

Program Expenses $3,342,875

Other Expenses $2,459,921

TOTAL EXPENSES $4,833,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,623,385	$12,824,633	+0.6%
Expenses	$4,833,319	$14,341,073	-0.7%
Net Income	$15,790,066	$-1,516,440	-11.4%

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

$4,340,608

Total Directors

$5,445,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Nicolai	Board of Director, Vice Chair	0.2	Officer Director	$0	$0	$0
Karen T Polivka	Board of Director, Chair	0.2	Officer Director	$0	$0	$0
Paul Marx	Board of Director, Chair (part year)	0.2	Officer Director	$0	$0	$0
Amber Thibaut	Board of Director (part year)	0.2	Director	$0	$0	$0
Charles Mitsui	Board of Director	0.2	Director	$0	$0	$0
Chynna Stone	Board of Director	0.2	Director	$0	$0	$0
Emalia Pietsch Hogan	Board of Director	0.2	Director	$0	$0	$0
Howard Lee	Board of Director	0.2	Director	$0	$0	$0
Katherine Bennett	Board of Director	0.2	Director	$0	$0	$0
Kathy Carr	Board of Director	0.2	Director	$0	$0	$0
Kelly Sueda	Board of Director	0.2	Director	$0	$0	$0
Linda Woo	Board of Director	0.2	Director	$0	$0	$0
Marilyn Katzman	Board of Director	0.2	Director	$0	$0	$0
Matthew Emerson	Board of Director	0.2	Director	$0	$0	$0
Michelle Bartell	Board of Director (part year)	0.2	Director	$0	$0	$0
Nedra Manson	Board of Director	0.2	Director	$0	$0	$0
Paige Pahlmeyer	Board of Director	0.2	Director	$0	$0	$0
Raymond P Vara Jr	Board of Director	0.2	Director	$0	$2,402,439	$5,445,826
Ruth Mills	Board of Director	0.2	Director	$0	$0	$0
Shelley Cramer	Board of Director	0.2	Director	$0	$0	$0
Shelley Wilson	Board of Director (part year)	0.2	Director	$0	$0	$0
Sherry Niethammer	Board of Director	0.2	Director	$0	$0	$0
Thomas Kosasa MD	Board of Director	0.2	Director	$0	$0	$0
Carrie Ann Tsutsui	Assistant Treasurer	0.3	Officer	$0	$88,491	$414,074
Charles R Ching	Secretary	0.1	Officer	$0	$397,894	$1,220,638
David Okabe	Treasurer	0.2	Officer	$0	$568,803	$1,874,387
Dawn Dunbar	President	10.4	Officer	$0	$133,114	$592,692
Jessica Lewis	Assistant Secretary	0.5	Officer	$0	$47,962	$238,817

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	$20,623,385	$4,833,319	$165,341,129	$15,790,066
2024	$12,824,633	$14,341,073	$146,090,402	$-1,516,440
2023	$12,439,806	$5,095,890	$126,363,496	$7,343,916
2022	$12,070,299	$5,096,605	$111,752,402	$6,973,694
2021	$9,321,860	$4,282,683	$117,427,566	$5,039,177
2020	$6,755,490	$7,388,171	$92,196,378	$-632,681
2020	$6,755,490	$7,388,171	$92,196,378	$-632,681
2019	$8,245,711	$4,973,324	$90,409,866	$3,272,387
2018	$8,596,926	$5,039,318	$84,935,314	$3,557,608

Kapi'olani Health Foundation