HAWAII ELECTRICIANS MARKET ENHANCEMENT PROGRAM FUND (EIN 990283330) - 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

1990

Legal Domicile

Principal Officer

DAMIEN KIM AL ITAMOTO

Phone

8088416169

Tax Period

2023-10-01 to 2024-09-30

HAWAII ELECTRICIANS MARKET ENHANCEMENT PROGRAM FUND, founded in 1990, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $531K, a strong 38% operating margin.

Mission

PROMOTE A MORE COOPERATIVE AND HARMONIOUS RELATIONSHIP BETWEEN THE UNION AND SIGNATORY EMPLOYERS AND TO IMPROVE THE ELECTRICAL CONTRACTING INDUSTRY.

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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 $1,256,641

Investment Income $153,338

Other Revenue $0

TOTAL REVENUE $1,409,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $509,609

Fundraising Expenses $0

Program Expenses $95,316

Other Expenses $369,645

TOTAL EXPENSES $879,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,409,979	$1,267,642	+0.1%
Expenses	$879,254	$851,267	+0.0%
Net Income	$530,725	$416,375	+0.3%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIEN KIM	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT AQUINO	UNION TRUSTEE	1.00	Director	$0	$0	$0
KIMI KOGE	UNION TRUSTEE	1.00	Director	$0	$0	$0
TERRY UYEHARA	UNION TRUSTEE (ALT.)	1.00	Director	$0	$0	$0
DARYL SUEHIRO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MYLES KURIHARA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HANAMOTO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
AL ITAMOTO	EMPLOYER TRUSTEE (ALT.)	1.00	Director	$0	$0	$0
RYAN TAKAHASHI	HEMEP EMPLOYEE	55.00	Highest	$161,138	$40,005	$201,143
TROY SILVA	HEMEP EMPLOYEE	50.00	Highest	$118,516	$39,725	$158,241

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
2024	$1,409,979	$879,254	$4,476,446	$530,725
2023	$1,267,642	$851,267	$3,973,316	$416,375
2022	$1,141,896	$696,819	$2,702,677	$445,077
2022	$1,141,896	$696,819	$2,702,677	$445,077
2021	$507,806	$612,428	$2,250,830	$-104,622
2020	$831,425	$645,388	$2,345,171	$186,037
2019	$947,272	$589,358	$2,152,053	$357,914
2018	$913,789	$723,007	$1,808,335	$190,782

HAWAII ELECTRICIANS MARKET ENHANCEMENT PROGRAM FUND