Hawaii Carpenters Market Recovery … - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

Ronald Taketa

Phone

8088417575

Tax Period

2023-09-01 to 2024-08-31

Hawaii Carpenters Market Recovery Program Fund, founded in 1987, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 69% operating margin.

Mission

To study and explore ways of eliminating potential problems that inhibit the economic development of the carpentry industry in Hawaii.

Program Service Accomplishments

Program 1

The Fund was established to "recover" the construction market lost to non-union labor, and to promote the benefits of unionized construction to developers, government, other contractors, and the...

The Fund was established to "recover" the construction market lost to non-union labor, and to promote the benefits of unionized construction to developers, government, other contractors, and the general community. Market research, investigations, marketing, political action and promotion of high-tech in the state are some of the many means used to achieve this goal.

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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 $8,073,477

Investment Income $869,209

Other Revenue $7,060,186

TOTAL REVENUE $16,002,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,110,811

Fundraising Expenses $0

Other Expenses $3,784,176

TOTAL EXPENSES $4,894,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,002,872	$7,452,618	+1.1%
Expenses	$4,894,987	$5,900,098	-0.2%
Net Income	$11,107,885	$1,552,520	+6.2%

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

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
Dale Sakamoto-Yoneda	Co-Chairperson	1.00	Officer Director	$0	$0	$0
Ronald Taketa	Co-Chairperson	1.00	Officer Director	$0	$0	$0
Kyle Chock	Co-Chairperson (Until 2/2024)	1.00	Officer Director	$0	$0	$0
Sean Newcamp	Secretary	0.10	Officer Director	$0	$0	$0
Nathaniel Kinney	Trustee	0.10	Director	$0	$0	$0
Mitchell Tynanes	Trustee	0.10	Director	$0	$0	$0
Travis Murakami	Trustee	0.10	Director	$0	$0	$0
Juan Padasao Jr	Trustee Alternate	0.10	Director	$0	$0	$0
Alan Shintani	Trustee Alternate	0.10	Director	$0	$0	$0
Ken Kawamoto	Trustee	0.10	Director	$0	$0	$0
Gerry Majkut	Trustee	0.10	Director	$0	$0	$0
Justin Izumi	Trustee	0.10	Director	$0	$0	$0
Lance Wilhelm	Trustee Alternate (Until 2/2024)	0.10	Director	$0	$0	$0
Glen Kaneshige	Trustee (From 2/2024)	0.10	Director	$0	$0	$0
Eric Reiny	Trustee Alternate (From 2/2024)	0.10	Director	$0	$0	$0
Michael Young	Trustee Alternate (From 5/2024)	0.10	Director	$0	$0	$0
Joshua Magno	Director of Programs	40.00	Highest	$122,954	$33,286	$156,240
Christopher Delaunay	Government Relations Manager	40.00	Highest	$101,563	$20,536	$122,099
Jill Baptist	Operations Manager	40.00	Highest	$100,255	$32,618	$132,873

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	$16,002,872	$4,894,987	$30,875,381	$11,107,885
2023	$7,452,618	$5,900,098	$19,620,008	$1,552,520
2022	$5,958,921	$5,599,669	$17,359,810	$359,252
2021	$7,460,867	$5,299,253	$15,443,519	$2,161,614
2020	$7,112,246	$5,432,518	$12,906,905	$1,679,728
2019	$5,677,416	$7,157,885	$12,240,155	$-1,480,469
2018	$3,799,554	$2,241,854	$13,712,115	$1,557,700

Hawaii Carpenters Market Recovery Program Fund