HOTEL & RESTAURANT INDUSTRY EMPLOYMENT AND TRAINING TRUST

EIN: 996009966

HONOLULU, HI

Total Revenue
$2,443,859
Total Expenses
$1,412,840
Total Assets
$3,134,970
Net Assets
$3,134,970
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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
1965
Legal Domicile
HI
Principal Officer
ERIC GILLCARLA THOMAS
Phone
8085230199
Tax Period
2023-01-01 to 2023-12-31

HOTEL & RESTAURANT INDUSTRY EMPLOYMENT AND TRAINING TRUST, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 42% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $1,280,689

TO PROVIDE TRAINING FOR ELIGIBLE INDIVIDUALS IN THE AREA OF HOTEL AND RESTAURANT SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,331,200
Investment Income $112,659
Other Revenue $0
TOTAL REVENUE $2,443,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,280,689
Other Expenses $1,412,840
TOTAL EXPENSES $1,412,840

Year-over-Year Comparison

2023 2022 Change
Revenue $2,443,859 $2,017,378 +0.2%
Expenses $1,412,840 $871,679 +0.6%
Net Income $1,031,019 $1,145,699 -0.1%
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

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Governance

Voting Members
6
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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE WALKER MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
CARLA THOMAS MANAGEMENT TRUSTEE 1.00
Director
$0 $0 $0
ERIC GILL UNION TRUSTEE 1.00
Director
$0 $0 $0
ROSARIO ROSS BANIAGA UNION TRUSTEE 1.00
Director
$0 $0 $0
DORYNE DJ JARDINE UNION TRUSTEE - ALT (UNTIL 1.00
Director
$0 $0 $0
MORGAN EVANS UNION TRUSTEE 1.00
Director
$0 $0 $0
MORRISON LUKA UNION TRUSTEE - ALT 1.00
Director
$0 $0 $0
GEMMA WEINSTEIN UNION TRUSTEE - ALT 1.00
Director
$0 $0 $0
TREVOR BRACHER MANAGEMENT TRUSTEE - ALT 1.00
Director
$0 $0 $0
EILEEN CALDWELL MANAGEMENT TRUSTEE - ALT 1.00
Director
$0 $0 $0
JULIE NAKAYAMA MANAGEMENT TRUSTEE 1.00
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 $2,443,859 $1,412,840 $3,134,970 $1,031,019
2022 $2,017,378 $871,679 $2,051,901 $1,145,699
2021 $1,244,524 $684,906 $1,006,822 $559,618
2020 $616,214 $993,285 $425,634 $-377,071
2019 $1,159,309 $1,123,275 $765,384 $36,034
2018 $1,112,095 $1,020,235 $700,470 $91,860
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