HAWAII ELECTRICIANS TRAINING FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

TRACY HAYASHIAL ITAMOTO

Phone

8088416169

Tax Period

2023-10-01 to 2024-09-30

HAWAII ELECTRICIANS TRAINING FUND, founded in 1962, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATIONAL AND TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH PLAN RULES AND REGULATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,783,409

THE PROGRAM EMPLOYS PERSONNEL AND UTILIZES INDIVIDUAL INSTRUCTORS TO TEACH AT THEIR APPRENTICESHIP TRAINING CLASSES.

Program 2

Expenses: $153,124

THE PLAN PROVIDES TRAINING SUPPLIES, CLASSES, WORKSHOPS, AND EQUIPMENT FOR ITS APPRENTICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,907,492

Investment Income $127,683

Other Revenue $90,888

TOTAL REVENUE $4,126,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,783,409

Fundraising Expenses $0

Program Expenses $1,936,533

Other Expenses $2,228,000

TOTAL EXPENSES $4,011,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,126,063	$3,064,070	+0.3%
Expenses	$4,011,409	$2,898,564	+0.4%
Net Income	$114,654	$165,506	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL SUEHIRO	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
AL ITAMOTO	MANAGEMENT TRUSTEE - ALTER	1.00	Director	$0	$0	$0
DAMIEN KIM	UNION TRUSTEE	1.00	Director	$0	$0	$0
TRACY HAYASHI	UNION TRUSTEE	1.00	Director	$0	$0	$0
KIMI KOGE	UNION TRUSTEE - ALTERNATE	1.00	Director	$0	$0	$0
PHILLIP CHICO LUCERO	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MYLES KURIHARA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
LEYTON TORDA	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT AQUINO	ASST TRAINING DIRECTOR	50.00	Highest	$153,175	$46,672	$199,847
TERRY UYEHARA	TRAINING COORDINATOR	50.00	Highest	$145,057	$47,642	$192,699
MIMI SROAT	TRAINING DIRECTOR	50.00	Highest	$154,811	$47,642	$202,453
ERIC ATANES	TRAINING COORDINATOR	50.00	Highest	$110,218	$47,360	$157,578

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	$4,126,063	$4,011,409	$13,132,124	$114,654
2023	$3,064,070	$2,898,564	$4,648,733	$165,506
2022	$2,488,528	$2,920,739	$3,500,197	$-432,211
2022	$2,488,528	$2,920,739	$3,500,197	$-432,211
2021	$2,043,185	$2,805,215	$4,033,353	$-762,030
2021	$2,043,185	$2,805,215	$4,033,353	$-762,030
2020	$2,699,502	$3,276,198	$4,866,639	$-576,696
2019	$4,054,472	$3,592,466	$5,430,227	$462,006
2018	$3,096,009	$4,067,097	$5,020,231	$-971,088