MAUI HEALTH FOUNDATION

EIN: 990330698 501(c)(3) Health Care

WAILUKU, HI

Total Revenue
$9,084,527
Total Expenses
$1,349,930
Total Assets
$20,626,457
Net Assets
$20,341,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
HI
Principal Officer
MELINDA SWEANY
Phone
8082422630
Tax Period
2023-01-01 to 2023-12-31

MAUI HEALTH FOUNDATION, founded in 1996, is a community nonprofit in the Health Care sector that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 85% operating margin.

Mission

OUR MISSION IS TO ENGAGE OUR COMMUNITY AND VISITORS IN SUPPORTING OUR HOSPITALS TO ENSURE MAUI HEALTH DELIVERS THE HIGHEST LEVEL OF PATIENT- CENTERED HEALTHCARE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,543,570
Program Service Revenue $0
Investment Income $365,016
Other Revenue $175,941
TOTAL REVENUE $9,084,527

Expense Breakdown

Grants Paid $475,597
Salaries & Benefits $0
Fundraising Expenses $136,715
Program Expenses $1,154,455
Other Expenses $874,333
TOTAL EXPENSES $1,349,930

Year-over-Year Comparison

2023 2022 Change
Revenue $9,084,527 $3,087,871 +1.9%
Expenses $1,349,930 $1,303,943 +0.0%
Net Income $7,734,597 $1,783,928 +3.3%
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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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
7
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMAR GOODFELLOW PRESIDENT 1.50
Officer Director
$0 $0 $0
VINCE G BAGOYO JR VICE PRESIDE 1.50
Officer Director
$0 $0 $0
KAREN WILLIAMS VICE PRESIDE 1.50
Officer Director
$0 $0 $0
BEVERLY H KUROKAWA TREASURER 1.50
Officer Director
$0 $0 $0
JON A FUJIMOTO ASST. TREASU 1.50
Officer Director
$0 $0 $0
BARD E PETERSON SECRETARY 1.50
Officer Director
$0 $0 $0
VIJAK AYASANONDA MD DIRECTOR 1.50
Director
$0 $0 $0
KAREN CHRISTENSON DIRECTOR 1.50
Director
$0 $0 $0
CHRIS KULIS DIRECTOR 1.50
Director
$0 $0 $0
MAGGIE MARTIN DIRECTOR 1.50
Director
$0 $0 $0
SAEDENE K OTA DIRECTOR 1.50
Director
$0 $0 $0
NANCY LEIS OVERTON DIRECTOR 1.50
Director
$0 $0 $0
CHRIS RABANG DIRECTOR 1.50
Director
$0 $0 $0
BEN SHANK DIRECTOR 1.50
Director
$0 $0 $0
MICHAEL J SHEA MD DIRECTOR 1.50
Director
$0 $0 $0
ROBERT T TAKAMATSU DIRECTOR 1.50
Director
$0 $0 $0
MELINDA SWEANY CHIEF DEV. O 40.00
Officer 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 No data No data No data No data
2023 $9,084,527 $1,349,930 $20,626,457 $7,734,597
2022 $3,087,871 $1,303,943 $12,374,960 $1,783,928
2021 $4,713,568 $1,878,614 $11,300,166 $2,834,954
2020 $3,374,055 $2,870,350 $8,217,292 $503,705
2018 $1,211,610 $522,333 $6,917,823 $689,277
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