HAWAII CONSTRUCTION INDUSTRY IMPRO… - 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

1991

Legal Domicile

Principal Officer

KENNETH SPENCE

Phone

8088417575

Tax Period

2024-01-01 to 2024-12-31

HAWAII CONSTRUCTION INDUSTRY IMPROVEMENT PROGRAM FUND, founded in 1991, is a small nonprofit that reported $454K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE AND MANAGE AN IMPROVEMENT FUND FOR THE CONSTRUCTION INDUSTRY IN THE STATE OF HAWAII.

Program Service Accomplishments

Program 1

Expenses: $454,005 Revenue: $454,005

THE FUNDS SHALL BE USED FOR PURPOSES, PROGRAMS, AND STAFFING IN MATTERS AND AREAS WHICH ARE DESIGNED TO IMPROVE THE HAWAII CONSTRUCTION INDUSTRY SUCH AS CONSTRUCTION EDUCATION, MARKET DEVELOPMENT AND...

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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 $0

Program Service Revenue $454,005

Investment Income $0

Other Revenue $0

TOTAL REVENUE $454,005

Expense Breakdown

Grants Paid $400,497

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $454,005

Other Expenses $53,508

TOTAL EXPENSES $454,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$454,005	$276,590	+0.6%
Expenses	$454,005	$276,590	+0.6%
Net Income	$0	N/A	N/A

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

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
THOMAS TOMA	VICE PRES	1.00	Officer Director	$0	$0	$0
KENNETH SPENCE	PRES/TREAS/S	1.00	Officer Director	$0	$0	$0
JUSTIN IZUMI	DIRECTOR	1.00	Director	$0	$0	$0
CONRAD MURASHIGE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WADA	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE ISEMOTO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL WALTHALL	DIRECTOR	1.00	Director	$0	$0	$0

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	$454,005	$454,005	$10,000	No data
2023	$276,590	$276,590	$10,000	No data
2022	$259,068	$259,068	$10,000	No data
2021	$274,788	$274,788	$10,000	No data
2020	$287,171	$287,171	$10,000	No data

HAWAII CONSTRUCTION INDUSTRY IMPROVEMENT PROGRAM FUND