GOODWILL INDUSTRIES OF HAWAII INC (EIN 996001264) - 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

1959

Legal Domicile

Principal Officer

KATY CHEN

Phone

8088360313

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF HAWAII INC, founded in 1959, is a mid-sized nonprofit in the Employment sector that reported $30.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO HELP PEOPLE WITH EMPLOYMENT BARRIERS REACH THEIR FULL POTENTIAL AND BECOME SELF SUFFICIENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,060,548

Program Service Revenue $11,245,044

Investment Income $89,921

Other Revenue $16,028,481

TOTAL REVENUE $30,423,994

Expense Breakdown

Grants Paid $540,403

Salaries & Benefits $16,059,692

Fundraising Expenses $71,184

Program Expenses $27,267,700

Other Expenses $13,309,230

TOTAL EXPENSES $29,909,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,423,994	$27,051,924	+0.1%
Expenses	$29,909,325	$27,418,939	+0.1%
Net Income	$514,669	$-367,015	-2.4%

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

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

600

Volunteers

529

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

$482,072

Total Directors

$268,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATY CHEN	PRESIDENT/CEO	40.00	Officer Director	$247,834	$20,500	$268,334
MICHAEL ONOFRIETTI	CHAIR - EFF 7/23; VICE CHAIR - TERM 6/30/23	2.00	Officer Director	$0	$0	$0
BLENN FUJIMOTO	CHAIR - TERM 6/30/23; EXEC. COMM.	2.00	Officer Director	$0	$0	$0
ROBERT FRICKE	VICE CHAIR - EFF 7/23	2.00	Officer Director	$0	$0	$0
KRISTI INKINEN YANAGIHARA	SECRETARY - EFF 7/23	2.00	Officer Director	$0	$0	$0
ROSS SHINYAMA	SECRETARY- TERM 6/30/23; EXEC. COMM.	2.00	Officer Director	$0	$0	$0
ROBERT ISLER	TREASURER - TERM 6/30/23	2.00	Officer Director	$0	$0	$0
KERI NISHIMURA	TREASURER - EFF 7/1/23	2.00	Officer Director	$0	$0	$0
TERRI FUJII	DIRECTOR	2.00	Director	$0	$0	$0
JILL TOKUNAGA	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
KIM YOSHIMOTO	DIRECTOR	2.00	Director	$0	$0	$0
PAUL KAY	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN HO	DIRECTOR; EXEC. COMM.	2.00	Director	$0	$0	$0
DOUG SHIMOKAWA	DIRECTOR; EXEC. COMM.	2.00	Director	$0	$0	$0
REBECCA DAYHUFF- MATSUSHIMA	DIRECTOR	2.00	Director	$0	$0	$0
SANYA LUCAS	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG TAKAMINE	DIRECTOR	2.00	Director	$0	$0	$0
QINWI XIE	DIRECTOR; EXEC. COMM. 7/1/23	2.00	Director	$0	$0	$0
CAROL HIGA	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY MIST	DIRECTOR	2.00	Director	$0	$0	$0
DEAN UYEDA	DIRECTOR	2.00	Director	$0	$0	$0
CANDICE NAITO	DIRECTOR - TERM 6/30/23	2.00	Director	$0	$0	$0
GWEN YAMAMOTO LAU	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JEN-L LYMAN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
KIMO TODD	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
DAVID CIANELLI	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
SUSAN ING	EXECUTIVE COMMITTEE 7/1/23	2.00	Director	$0	$0	$0
GINA HAVERLY	CHIEF OPERATING OFFFICER - EFF 8/29/23	40.00	Officer	$54,579	$0	$54,579
BRENT ARAKAKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$152,058	$7,101	$159,159
WAI YING LAU	VP MISSION SERVICES	40.00	Highest	$124,621	$7,101	$131,722
JAMIE KAHALEPUNA	VP RETAIL/CONTRACTS - TERM 9/2023	40.00	Highest	$111,449	$0	$111,449
YUN-SANG LO	DIRECTOR - IT	40.00	Highest	$107,378	$7,101	$114,479
MIEKO WATANABE	CONTROLLER	40.00	Highest	$109,400	$7,101	$116,501

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	$30,423,994	$29,909,325	$75,339,093	$514,669
2022	$27,051,924	$27,418,939	$67,647,606	$-367,015
2021	$29,052,009	$25,445,608	$62,468,068	$3,606,401
2020	$26,933,901	$23,494,801	$58,993,256	$3,439,100
2020	$26,933,901	$23,494,801	$58,993,256	$3,439,100
2019	$27,361,583	$25,495,701	$48,809,594	$1,865,882
2018	$26,404,357	$25,158,903	$35,938,780	$1,245,454

GOODWILL INDUSTRIES OF HAWAII INC