PAINTING INDUSTRY OF HAWAII HEALTH & WELFARE (EIN 996007611) - 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

RYDEN VALMOJADEAN NAGATO

Phone

8085239411

Tax Period

2023-01-01 to 2023-12-31

PAINTING INDUSTRY OF HAWAII HEALTH & WELFARE, founded in 1964, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 19% operating margin.

Mission

THE ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT PROVIDES HEALTH & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE TERMS SET FORTH IN HE TRUST AGREEMENTS, THE RULES & REGULATIONS OF THE PLAN & 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,219,249

Investment Income $718,817

Other Revenue $0

TOTAL REVENUE $9,938,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $375,328

TOTAL EXPENSES $8,005,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,938,066	$8,553,363	+0.2%
Expenses	$8,005,885	$7,822,712	+0.0%
Net Income	$1,932,181	$730,651	+1.6%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYDEN VALMOJA	UNION TRUSTEE	0.25	Director	$0	$0	$0
LORNA WOO	UNION TRUSTEE	0.25	Director	$0	$0	$0
VICTOR WYMAN	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
DEAN NAGATOSHI	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
ROBIN SCHLITZKUS	UNION TRUSTEE	0.25	Director	$0	$0	$0
SHAWN KURIHARA	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
LARI BLOOM	EMPLOYER TRUSTEE - ALTERNA	0.25	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	$9,938,066	$8,005,885	$25,660,697	$1,932,181
2022	$8,553,363	$7,822,712	$22,972,549	$730,651
2021	$10,776,901	$7,794,846	$24,557,263	$2,982,055
2020	$9,221,046	$7,838,356	$23,186,363	$1,382,690
2019	$8,875,832	$8,190,438	$21,144,491	$685,394
2018	$8,800,202	$7,673,569	$19,198,938	$1,126,633

PAINTING INDUSTRY OF HAWAII HEALTH & WELFARE