HAWAII LABORERS HEALTH AND WELFARE PLAN (EIN 996014749) - 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

1967

Legal Domicile

Principal Officer

MARK MATSUMOTO

Phone

8084418600

Tax Period

2023-09-01 to 2024-08-31

HAWAII LABORERS HEALTH AND WELFARE PLAN, founded in 1967, is a mid-sized nonprofit that reported $55.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.8M, a strong 25% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES

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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 $49,014,924

Investment Income $6,316,701

Other Revenue $22,014

TOTAL REVENUE $55,353,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,944,589

TOTAL EXPENSES $41,569,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,353,639	$48,257,689	+0.1%
Expenses	$41,569,731	$43,171,366	0.0%
Net Income	$13,783,908	$5,086,323	+1.7%

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

Volunteers

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

$298,448

Total Directors

$781,914

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCCO DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
MARK TAGAMI	TRUSTEE	2.00	Director	$0	$0	$0
PETER GANABAN	TRUSTEE	2.00	Director	$0	$100,640	$333,579
KARL KAMADA	TRUSTEE	2.00	Director	$0	$0	$0
ANACLETO ALCANTRA	TRUSTEE	2.00	Director	$0	$0	$0
MARK MATSUMOTO	CHAIR	2.00	Officer Director	$0	$0	$109,241
RUSSELL NONAKA	CO-CHAIR	2.00	Officer Director	$0	$0	$0
NARSI GANABAN	TRUSTEE	2.00	Director	$0	$63,023	$149,887
CLAUDE MATSUMOTO	TRUSTEE	2.00	Director	$0	$0	$0
TONI FIGUEROA	SECRETARY	2.00	Officer Director	$0	$69,109	$189,207

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	$55,353,639	$41,569,731	$137,882,154	$13,783,908
2023	$48,257,689	$43,171,366	$117,881,128	$5,086,323
2022	$44,146,039	$35,734,551	$108,751,308	$8,411,488
2021	$46,612,013	$44,088,106	$112,765,568	$2,523,907
2020	$43,534,859	$36,257,649	$104,718,400	$7,277,210
2019	$40,689,710	$40,300,084	$96,952,638	$389,626
2018	$40,632,263	$38,655,951	$94,130,844	$1,976,312

HAWAII LABORERS HEALTH AND WELFARE PLAN