UNIVERSITY CLINICAL EDUCATION & RE… - 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

1993

Legal Domicile

Principal Officer

DEREK WONG

Phone

8084694961

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY CLINICAL EDUCATION & RESEARCH ASSOCIATES (UCERA), founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $27.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

UCERA IS A NON-PROFIT ORGANIZATION ESTABLISHED TO FURTHER THE MISSIONSAND VISIONS OF THE JOHN A. BURNS SCHOOL OF MEDICINE (JABSOM) AND OTHER HEALTH SCIENCES SCHOOLS OF THE UNIVERSITY OF HAWAII (UH). IT CONTRIBUTES TO THEIR GOAL OF IMPROVING THE HEALTH CARE STATUS OF THE CITIZENS OF HAWAII AND THE PACIFIC BY SUPPORTING THE EDUCATION, RESEARCH AND CLINICAL ACTIVITIES OF THE SCHOOLS. IT SUPPORTS FINANCIAL DIVERSIFICATION OF THE SCHOOL BY DEVELOPING REVENUE GENERATING INITIATIVES IN COLLABORATION WITH HOSPITALS, GOVERNMENT AGENCIES AND OTHER ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $15,327,883 Revenue: $19,661,477

CLINICAL AND PROFESSIONAL SERVICES - 1) PROVIDE HEALTH CARE TO THE GENERAL PUBLIC, WITH SPECIAL ATTENTION TO THE POOR AND OTHER UNDERSERVED POPULATIONS OF HAWAII AND THE PACIFIC REGION. 2) SPECIALTY CLINICS: MULTI-SPECIALTY FACULTY PRACTICE AND STAFF LOCATED AT VARIOUS SITES INCLUDING: 677 ALA MOANA BLVD, HONOLULU, HI 96813; 1319 PUNAHOU STREET, SUITE 640, 801, 904, 990; PHYSICIAN'S OFFICE BUILDINGS AT QUEEN'S; PALI MOMI MEDICAL CENTER; 347 NORTH KUAKINI STREET; AT HAWAII DEPARTMENT OF EDUCATION SCHOOL LOCATIONS ACROSS THE STATE OF HAWAII. PROVIDE PHYSICIANS ON THE UNIVERSITY OF HAWAII FACULTY WITH A BASE OF OB/GYN, GERIATRIC, SURGICAL, AND PSYCHIATRIC PATIENTS FROM WHICH THEY CAN EDUCATE MEDICAL STUDENTS AND RESIDENTS. 3) QUEEN'S MEDICAL CENTERS AND HAWAII PACIFIC HEALTH/KAPIOLANI MEDICAL CENTERS - PROVIDE FACULTY MEMBERS TO TREAT PATIENTS AND TO PROVIDE SPECIALTY CLINICAL SERVICES TO MEDICAL CENTERS. 4) PROVIDE HEALTHCARE TO THE DEPARTMENT OF EDUCATION STUDENTS ACROSS THE HAWAIIAN ISLANDS THROUGH THE HAWAII KEIKI PROGRAM.

Program 2

Expenses: $6,894,280

MEDICAL SCHOOL AND FACULTY SUPPORT - IN GENERAL, PROVIDES FUNDING TO BUILD AND SUSTAIN THE INFRASTRUCTURE OF THE JOHN A. BURNS SCHOOL OF MEDICINE AND ITS DEPARTMENTS AND THOSE OF THE OTHER HEALTH...

MEDICAL SCHOOL AND FACULTY SUPPORT - IN GENERAL, PROVIDES FUNDING TO BUILD AND SUSTAIN THE INFRASTRUCTURE OF THE JOHN A. BURNS SCHOOL OF MEDICINE AND ITS DEPARTMENTS AND THOSE OF THE OTHER HEALTH SCIENCES SCHOOLS OF THE UNIVERSITY OF HAWAII. PROVIDE ADDITIONAL RESOURCES TO RECRUIT, RETAIN, AND DEVELOP QUALIFIED FACULTY AT JABSOM AND THE OTHER UH HEALTH SCIENCES SCHOOLS.

Program 3

Expenses: $1,172,551

EDUCATIONAL SUPPORT - 1) IN GENERAL, PROVIDE EDUCATION AND CLINICAL TRAINING FOR THE UNIVERSITY OF HAWAII HEALTH SCIENCES SCHOOLS' STUDENTS. 2) INTERNATIONAL TRAINING PROGRAM (INL) - PROVIDE...

EDUCATIONAL SUPPORT - 1) IN GENERAL, PROVIDE EDUCATION AND CLINICAL TRAINING FOR THE UNIVERSITY OF HAWAII HEALTH SCIENCES SCHOOLS' STUDENTS. 2) INTERNATIONAL TRAINING PROGRAM (INL) - PROVIDE INTERNATIONAL MEDICAL STUDENTS AND RESIDENTS WITH U.S. TRAINING EXPERIENCES AT THE UNIVERSITY OF HAWAII JOHN A. BURNS SCHOOL OF MEDICINE. 3) OFFICE OF MEDICAL EDUCATION (OME-ME) - PROVIDE SIMULATED PATIENTS FOR CLINICAL SKILLS TRAINING AND EXAMINATIONS FOR SCHOOL OF MEDICINE STUDENTS AND RESIDENTS. UCERA SUPPORTS THE HAWAI'I JOURNAL OF MEDICINE & PUBLIC HEALTH, WHICH IS A PEER-REVIEWED MEDICAL JOURNAL WHICH PROVIDES NEW SCIENTIFIC INFORMATION IN A SCHOLARLY FORMAT WITH A FOCUS ON THE UNIQUE, MULTICULTURE AND ENVIROMENTAL ASPECTS OF THE HAWAIIAN ISLANDS AND PACIFIC RIM REGIONS.

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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 $7,268,490

Program Service Revenue $19,656,804

Investment Income $868,337

Other Revenue $10,893

TOTAL REVENUE $27,804,524

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $17,315,212

Fundraising Expenses $0

Program Expenses $23,415,837

Other Expenses $10,909,626

TOTAL EXPENSES $28,724,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,804,524	$25,206,230	+0.1%
Expenses	$28,724,838	$29,732,524	0.0%
Net Income	$-920,314	$-4,526,294	-0.8%

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

341

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

$1,572,615

Total Directors

$2,191,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL SHOMAKER	CHAIR	10.00	Officer Director	$0	$0	$266,245
CLEMENTINA CERIA-ULEP	TREASURER	1.00	Officer Director	$0	$0	$275,808
WILLIAM HANING	DIRECTOR	1.00	Director	$0	$0	$0
DANNY TAKANISHI	DIRECTOR	10.00	Director	$45,500	$0	$288,500
ALLEN HIXON	DIRECTOR	2.00	Director	$0	$0	$270,207
KAMAL MASAKI	DIRECTOR/EMPLOYEE	4.00	Director	$11,552	$0	$282,178
JOSEPH KEAWE KAHOLOKULA	ASST. TREASURER	2.00	Officer Director	$0	$0	$217,903
IVICA ZALUD	VICE CHAIR	2.00	Officer Director	$0	$0	$257,902
ANTHONY GUERRERO	DIRECTOR/ON-CALL EMPLOYEE	2.00	Director	$0	$0	$238,669
KYLE YONESHIGE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MELCHOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE BRAY	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS MIRKAY	DIRECTOR	1.00	Director	$0	$0	$0
PAULINE MASHIMA	SECRETARY UNTIL OCT '24	1.00	Officer Director	$94,194	$0	$94,194
DEREK WONG	INTERIM CEO	40.00	Officer	$222,438	$16,569	$239,007
HENRY J ELLIS JR	CFO	40.00	Officer	$198,106	$23,450	$221,556
JAMI FUKUI	PHYSICIAN	40.00	Highest	$229,504	$6,885	$236,389
NAOTO UENO	CANCER CENTER DIRECTOR	40.00	Highest	$209,375	$6,281	$215,656
ELMER TAM	CHIEF INFORMATION OFFICER	40.00	Highest	$186,072	$17,206	$203,278
SUSAN STEINEMANN	PHYSICIAN	40.00	Highest	$168,809	$5,000	$173,809
TYLER WORKMAN	CTO CLINIC DIRECTOR & MANAGER	40.00	Highest	$160,382	$13,766	$174,148

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	$27,804,524	$28,724,838	$31,210,426	$-920,314
2024	$25,206,230	$29,732,524	$29,563,261	$-4,526,294
2023	$27,567,934	$30,115,799	$34,284,712	$-2,547,865
2022	$37,130,359	$35,832,694	$41,256,390	$1,297,665
2021	$53,046,336	$51,372,139	$34,376,733	$1,674,197
2020	$56,570,165	$51,515,489	$29,525,528	$5,054,676
2019	$47,815,012	$49,524,797	$25,486,382	$-1,709,785

UNIVERSITY CLINICAL EDUCATION & RESEARCH ASSOCIATES (UCERA)