HAWAII SHEETMETAL WORKERS HEALTH AND WELFARE TRUST FUND (EIN 996006418) - 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

1964

Legal Domicile

Principal Officer

RYAN LOEFFERS

Phone

8088416106

Tax Period

2024-02-01 to 2025-01-31

HAWAII SHEETMETAL WORKERS HEALTH AND WELFARE TRUST FUND, founded in 1964, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.4M, a strong 40% operating margin.

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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 $0

Program Service Revenue $9,357,102

Investment Income $6,544,733

Other Revenue $9,442

TOTAL REVENUE $15,911,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $958,815

TOTAL EXPENSES $9,545,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,911,277	$26,078,038	-0.4%
Expenses	$9,545,826	$8,782,343	+0.1%
Net Income	$6,365,451	$17,295,695	-0.6%

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

N/A

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

$226,073

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN LOEFFERS	ADMINISTRATOR	7.5	Key Emp	$0	$49,768	$226,073
SKYE MATSUMOTO	ALTERNATE	1.0	Director	$0	$0	$0
SAM FUJIKAWA	TRUSTEE	1.0	Director	$0	$0	$0
ARTHUR TOLENTINO	CO-CHAIR	1.0	Director	$0	$0	$0
RICK PAULINO	TRUSTEE	1.0	Director	$0	$0	$0
JEANINE LUM	TRUSTEE	1.0	Director	$0	$0	$0
ALDON KAOPUIKI	ALTERNATE	1.0	Director	$0	$0	$0
PAUL SAITO	TRUSTEE	1.0	Director	$0	$0	$0
MARK RIFKIND	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN HIRAYAMA	CO-CHAIR	1.0	Director	$0	$0	$0
GLENN SAITO	TRUSTEE - TERM.	1.0	Director	$0	$0	$0
SEE SCHED O FOR COMPENSATION PAID	BY RELATED ORGANIZATIONS	0.0	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
2025	$15,911,277	$9,545,826	$102,612,305	$6,365,451
2024	$26,078,038	$8,782,343	$88,925,146	$17,295,695
2023	$12,070,848	$9,124,941	$82,230,052	$2,945,907
2022	$16,009,820	$11,042,284	$65,063,138	$4,967,536
2021	$12,361,529	$10,602,860	$60,095,602	$1,758,669
2020	$13,582,367	$10,065,638	$65,103,670	$3,516,729

HAWAII SHEETMETAL WORKERS HEALTH AND WELFARE TRUST FUND