UNIVERSITY CLINICAL EDUCATION & RESEARCH ASSOCIATES (UCERA) (EIN 990307152) - 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

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

TO PROVIDE FUNDING TO BUILD AND SUSTAIN THE INFRASTRUCTURE OF THE JOHN A. BURNS SCHOOL OF MEDICINE AND OTHER HEALTH SCIENCES SCHOOLS AND ORGANIZATIONS AT THE UNIVERSITY OF HAWAII; FUND THE UNIVERSITY'S HEALTH SCIENCES RESEARCH, EDUCATION, AND SCHOLARLY DEVELOPMENT; PROVIDE ADDITIONAL RESOURCES TO RECRUIT, RETAIN, AND DEVELOP QUALIFIED HEALTH SCIENCES FACULTY AT THE UNIVERSITY; PROVIDE CLINICAL TRAINING AND EDUCATION TO THE UNIVERSITY'S HEALTH SCIENCES STUDENTS; AND PROVIDE HEALTH CARE TO THE GENERAL PUBLIC, WITH SPECIAL ATTENTION TO THE POOR AND OTHER UNDERSERVED POPULATIONS OF HAWAII AND THE PACIFIC REGION.

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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)