HAWAII CAPTIVE INSURANCE COUNCIL CORP (EIN 990292660) - 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

1993

Legal Domicile

Principal Officer

PAUL SHIMOMOTO

Phone

8085272212

Tax Period

2024-07-01 to 2025-06-30

HAWAII CAPTIVE INSURANCE COUNCIL CORP, founded in 1993, is a small nonprofit that reported $749K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $179K, a strong 24% operating margin.

Mission

TO PROMOTE PUBLIC AWARENESS OF HAWAII AS A CAPTIVE INSURANCE DOMICILE.

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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 $732,376

Investment Income $16,281

Other Revenue $0

TOTAL REVENUE $748,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $570,016

TOTAL EXPENSES $570,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,657	$658,516	+0.1%
Expenses	$570,016	$488,785	+0.2%
Net Income	$178,641	$169,731	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SHIMOMOTO	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENYS KAZAMA	DIRECTOR, VICE PRESIDENT (UNTIL 12/31/2024)	2.00	Officer Director	$0	$0	$0
MATTHEW REECE	CHAIR	2.00	Officer Director	$0	$0	$0
ELAINE ZIEMBA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTINA KAMAKA	DIRECTOR (UNTIL 12/31/2024), SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID BEYER	DIRECTOR (UNTIL 12/31/2024)	1.00	Director	$0	$0	$0
JERELYN SULLIVAN	DIRECTOR (UNTIL 12/31/2024)	1.00	Director	$0	$0	$0
JAMIE ASATO	DIRECTOR (UNTIL 12/31/2024)	1.00	Director	$0	$0	$0
MATT TAKAMINE	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN QUAN	DIRECTOR	1.00	Director	$0	$0	$0
ALAN MATSUI	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARIE TOWLE	DIRECTOR	1.00	Director	$0	$0	$0
YUTA YANACHI	DIRECTOR	1.00	Director	$0	$0	$0
TONY J SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BURCHIEL	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN KING	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TSUKAMOTO	DIRECTOR	1.00	Director	$0	$0	$0
JILL MIURA	TREASURER	2.00	Officer	$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
2025	$748,657	$570,016	$1,516,187	$178,641
2024	$658,516	$488,785	$1,235,336	$169,731
2023	$561,409	$434,933	$949,993	$126,476
2022	$56,188	$108,548	$792,855	$-52,360
2021	$65,187	$102,287	$670,044	$-37,100
2020	$392,612	$389,581	$628,383	$3,031
2019	$348,163	$329,780	$761,132	$18,383
2018	$292,396	$316,927	$605,585	$-24,531

HAWAII CAPTIVE INSURANCE COUNCIL CORP