Roofers Union Local 221 Health and Welfare Plan

EIN: 996006907

Honolulu, HI

Total Revenue
$3,389,055
Total Expenses
$3,081,691
Total Assets
$6,422,095
Net Assets
$4,299,842
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
HI
Principal Officer
Vaughn Chong
Phone
8088417575
Tax Period
2024-07-01 to 2025-06-30

Roofers Union Local 221 Health and Welfare Plan, founded in 1965, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 9% surplus.

Mission

The purpose of the Plan is to provide health and welfare benefits to employees covered by the collective bargaining agreement.

Program Service Accomplishments

Program 1

The Plan provided health and welfare benefits to employees covered by the collective bargaining agreement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,090,247
Investment Income $298,808
Other Revenue $0
TOTAL REVENUE $3,389,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $260,710
TOTAL EXPENSES $3,081,691

Year-over-Year Comparison

2024 2023 Change
Revenue $3,389,055 $3,279,338 +0.0%
Expenses $3,081,691 $3,051,584 +0.0%
Net Income $307,364 $227,754 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
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
3
$143,913
Total Directors
7
$143,913
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Ai Trustee/Co-Chairman 1.00
Officer Director
$0 $0 $0
Vaughn Chong Trustee/Co-Chairman 1.00
Officer Director
$0 $0 $0
Enrique Subiono Trustee/Secretary 0.10
Officer Director
$0 $39,337 $143,913
Tim Lyons Trustee 0.10
Director
$0 $0 $0
Fred Kaohe Jr Alternate Trustee 0.10
Director
$0 $0 $0
Hina Chow Trustee 0.10
Director
$0 $0 $0
Jason Clark Alternate Trustee 0.10
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 $3,389,055 $3,081,691 $6,422,095 $307,364
2024 $3,279,338 $3,051,584 $5,952,736 $227,754
2023 $2,596,892 $2,664,483 $5,470,981 $-67,591
2022 $2,662,558 $2,559,336 $4,967,265 $103,222
2021 $2,109,061 $2,780,686 $5,819,307 $-671,625
2020 $2,336,301 $2,851,661 $6,073,964 $-515,360
2019 $2,122,917 $2,924,437 $6,744,194 $-801,520
2018 $2,166,991 $2,394,180 $7,161,392 $-227,189
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