Kapi'olani Medical Specialists

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Phone

8089838986

Tax Period

2022-07-01 to 2023-06-30

Kapi'olani Medical Specialists, founded in 1995, is a major nonprofit in the Health Care sector that reported $333.1M in total revenue in fiscal year 2022. Expenses of $444.4M exceeded revenue, resulting in a 33% operating deficit.

Mission

KAPI'OLANI MEDICAL SPECIALISTS (DBA HAWAI'I PACIFIC HEALTH MEDICAL GROUP) IS A MULTI-SPECIALTY PROVIDER GROUP DEDICATED TO PROVIDING WORLD-CLASS CARE FOR ADULTS AND CHILDREN ACROSS HAWAI'I AND THE PACIFIC REGION WORKING IN PARTNERSHIP WITH KAPI'OLANI MEDICAL CENTER FOR WOMEN AND CHILDREN (KAPI'OLANI), PALI MOMI MEDICAL CENTER (PALI MOMI), STRAUB CLINIC AND HOSPITAL (STRAUB), AND WILCOX MEMORIAL HOSPITAL (WILCOX). THE GROUP'S MISSION IS TO CREATE A HEALTHIER HAWAI'I.

Program Service Accomplishments

Program 1

Expenses: $421,054,196 Revenue: $332,920,466

IN FISCAL YEAR 2023 KAPI'OLANI MEDICAL SPECIALISTS (DBA HAWAI'I PACIFIC HEALTH MEDICAL GROUP) HAD 266 EMPLOYED FTE PROVIDERS WHO PROVIDED EXPERTISE IN 34 SPECIALTIES. THE PROVIDER GROUP IS ORGANIZED BY THE FOLLOWING SPECIALTIES: PRIMARY CARE, MEDICAL SUBSPECIALTIES, SURGERY, OBSTETRICS AND GYNECOLOGY, HOSPITAL BASED MEDICINE, AND PEDIATRICS. IN FISCAL YEAR 2023, KAPI'OLANI MEDICAL SPECIALISTS HAD 1,637,797 PATIENT ENCOUNTERS. KAPI'OLANI MEDICAL SPECIALISTS ALLIES WITH THE UNIVERSITY OF HAWAI'I JOHN A. BURNS SCHOOL OF MEDICINE, IN ADHERENCE TO ITS CORE VALUES OF WORLD-CLASS HEALTH CARE, PHYSICIAN TRAINING, AND MEDICAL RESEARCH. THIS PARTNERSHIP PROVIDES A UNIQUE ACADEMIC AFFILIATION FOR HAWAI'I PACIFIC HEALTH AND FURTHERS ITS COMMITMENT TO EFFECTIVE HEALTH CARE THROUGH MEDICAL RESEARCH AND BY TRAINING TOMORROW'S HEALTH CARE PROVIDERS. KAPI'OLANI MEDICAL SPECIALISTS HAS DEVELOPED A VARIETY OF WAYS TO IDENTIFY AND MEET THE UNIQUE HEALTH CARE NEEDS OF HAWAI'I. KAPI'OLANI MEDICAL SPECIALISTS RECRUITS PHYSICIANS THROUGHOUT THE NATION WHO DESIRE EMPLOYMENT IN A GROUP PRACTICE SETTING WITH HAWAI'I'S LEADING HEALTH CARE SYSTEM, ESPECIALLY SUB-SPECIALISTS IN SHORT SUPPLY, YET HIGH DEMAND. KAPI'OLANI MEDICAL SPECIALISTS PHYSICIANS PROVIDE ESSENTIAL SERVICES AT OTHER HOSPITALS IN THE STATE OF HAWAI'I, I.E., NEONATAL SERVICES AT THE QUEEN'S MEDICAL CENTER, CLINICS AT TRIPLER ARMY MEDICAL CENTER, AND SPECIALTY SERVICES AT KAISER PEMANENTE LOCATIONS. ADDITIONALLY, THEY PROVIDE PATIENT CARE AT OUTREACH CLINICS AND COMMUNITY HEALTH CENTERS THROUGHOUT HAWAI'I, PROMOTE LESSER-KNOWN SERVICES TO PATIENTS WITH SPECIAL NEEDS, PROVIDE HEALTH EDUCATION ON THE NEIGHBOR ISLANDS AND HEALTH CARE TRAINING TO THE COMMUNITY AND OTHER PROVIDERS, AND SERVE AS MEDICAL DIRECTORS ON VARIOUS COMMUNITY BOARDS. CARING FOR THE UNDERSERVED, A LONG-STANDING TRADITION OF ACADEMIC MEDICAL CENTERS THROUGHOUT THE NATION, CONTINUES TO BE A MAJOR FOCUS OF KAPI'OLANI MEDICAL SPECIALISTS. IN FISCAL YEAR 2023, KAPI'OLANI MEDICAL SPECIALISTS PROVIDED $332,920,466 IN MEDICAL CARE TO PATIENTS IN NEED OF MEDICAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $332,920,466

Investment Income $150,388

Other Revenue $0

TOTAL REVENUE $333,070,854

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $259,410,033

Fundraising Expenses $0

Program Expenses $421,054,196

Other Expenses $185,000,206

TOTAL EXPENSES $444,417,239

Year-over-Year Comparison

	2022	2021	Change
Revenue	$333,070,854	$329,136,889	+0.0%
Expenses	$444,417,239	$409,189,187	+0.1%
Net Income	$-111,346,385	$-80,052,298	+0.4%

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

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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

1039

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

$20,625,303

Total Directors

$5,977,018

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board of Director, Chair	0.2	Officer Director	$0	$0	$0
N/A	BOARD OF DIRECTOR & PRESIDENT	0.2	Officer Director	$0	$1,366,459	$4,234,001
N/A	Board of Director	0.2	Director	$0	$0	$0
N/A	Board of Director	0.2	Director	$323,821	$27,761	$351,582
N/A	Board of Director	0.2	Director	$0	$0	$0
N/A	Board of Director	0.2	Director	$693,033	$34,658	$727,691
N/A	Board of Director	40.0	Director	$628,686	$35,058	$663,744
N/A	Board of Director	0.2	Director	$0	$0	$0
N/A	Board of Director	0.2	Director	$0	$0	$0
N/A	VP	40.0	Officer	$0	$37,648	$295,118
N/A	EVP & CSO	0.0	Officer	$0	$322,168	$1,398,477
N/A	VP - part year	0.0	Officer	$0	$76,115	$317,575
N/A	VP & SYSTEM CONTROLLER	6.0	Officer	$0	$81,513	$380,182
N/A	EVP, General Counsel & Secretary	2.1	Officer	$0	$277,063	$1,241,693
N/A	EVP, CFO & Treasurer	3.0	Officer	$0	$393,579	$1,641,504
N/A	VP	1.5	Officer	$0	$93,255	$385,118
N/A	SVP	0.1	Officer	$0	$120,296	$547,462
N/A	VP	1.0	Officer	$0	$62,276	$360,590
N/A	VP	1.0	Officer	$0	$122,721	$648,050
N/A	VP	2.0	Officer	$0	$99,947	$457,183
N/A	VP	60.0	Officer	$0	$77,088	$356,313
N/A	Assistant Corporate Secretary	2.5	Officer	$0	$44,093	$215,579
N/A	SVP & CMO	2.0	Officer	$0	$60,230	$473,637
N/A	Compliance Officer	5.0	Officer	$0	$32,842	$262,033
N/A	CEO	45.0	Officer	$0	$285,731	$1,291,406
N/A	VP	1.5	Officer	$0	$92,518	$392,617
N/A	VP	4.0	Officer	$0	$63,221	$352,864
N/A	VP	0.1	Officer	$0	$82,470	$440,836
N/A	VP & Chief Information Security Officer	0.1	Officer	$0	$38,115	$367,324
N/A	Privacy Officer	1.2	Officer	$0	$35,491	$166,704
N/A	SVP & CQO	8.5	Officer	$0	$97,543	$502,790
N/A	EVP & CIO	10.0	Officer	$0	$283,183	$1,634,068
N/A	SVP	3.0	Officer	$0	$121,585	$563,532
N/A	VP	38.0	Officer	$0	$61,969	$392,550
N/A	VP	5.0	Officer	$0	$70,074	$367,774
N/A	SVP	10.0	Officer	$0	$122,967	$527,444
N/A	VP	8.0	Officer	$0	$90,629	$410,879
N/A	Physician	40.0	Highest	$928,703	$37,139	$965,842
N/A	Physician	40.0	Highest	$1,528,977	$34,658	$1,563,635
N/A	Physician	40.0	Highest	$976,028	$25,902	$1,001,930
N/A	Physician	40.0	Highest	$1,187,303	$28,511	$1,215,814
N/A	Physician	40.0	Highest	$1,052,227	$38,158	$1,090,385
N/A	Former Officer	3.0		$0	$19,426	$251,515
N/A	Former Officer	28.0		$275,620	$21,773	$297,393
N/A	Former Officer	0.1		$0	$236,150	$1,046,603

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$333,070,854	$444,417,239	$67,223,230	$-111,346,385
2022	$329,136,889	$409,189,187	$78,117,233	$-80,052,298
2021	$297,683,089	$387,676,942	$66,271,257	$-89,993,853
2020	$146,245,757	$213,045,801	$50,715,377	$-66,800,044
2020	$146,245,757	$213,045,801	$50,715,377	$-66,800,044
2019	$37,763,185	$54,233,596	$8,640,582	$-16,470,411
2018	$38,918,478	$51,980,083	$8,427,319	$-13,061,605