Hawaii Carpenters Health & Welfare Fund (EIN 996014752) - 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

Travis Murakami

Phone

8088417575

Tax Period

2023-09-01 to 2024-08-31

Hawaii Carpenters Health & Welfare Fund, founded in 1967, is a mid-sized nonprofit that reported $75.8M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.1M, a strong 36% operating margin.

Mission

To operate health and welfare employee benefit plans.

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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 $52,763,393

Investment Income $23,073,331

Other Revenue $0

TOTAL REVENUE $75,836,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,298,892

TOTAL EXPENSES $48,718,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,836,724	$58,274,819	+0.3%
Expenses	$48,718,062	$49,134,029	0.0%
Net Income	$27,118,662	$9,140,790	+2.0%

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

$363,728

Total Directors

$1,607,256

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Hashizume	Co-Chair	1.00	Officer Director	$0	$0	$0
Travis Murakami	Co-Chair	1.00	Officer Director	$0	$42,800	$181,864
Dione Kalaola	Secretary	0.10	Officer Director	$0	$42,800	$181,864
Kyle Chock Until 22024	Trustee	0.10	Director	$0	$42,800	$314,800
Nathaniel Kinney	Trustee	0.10	Director	$0	$42,800	$181,864
Juan Padasao Jr	Trustee	0.10	Director	$0	$42,800	$181,864
Erik Nakamura	Trustee Alternate	0.10	Director	$0	$0	$0
Conrad C Verdugo Jr	Trustee	1.00	Director	$0	$0	$0
Blake Inouye	Trustee	0.10	Director	$0	$0	$0
Glen Kaneshige	Trustee	0.10	Director	$0	$0	$0
Michael Young	Trustee	0.10	Director	$0	$0	$0
Ronald Taketa	Trustee	0.10	Director	$0	$42,800	$401,960
Hunter Hill As of 82024	Trustee Alternate	0.10	Director	$0	$0	$0
Eric Reiny As of 22024	Trustee Alternate	0.10	Director	$0	$42,800	$163,040

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	$75,836,724	$48,718,062	$395,372,324	$27,118,662
2023	$58,274,819	$49,134,029	$322,353,153	$9,140,790
2022	$58,137,063	$46,837,334	$313,210,585	$11,299,729
2021	$68,342,021	$46,637,901	$342,620,336	$21,704,120
2020	$57,158,973	$43,254,471	$298,792,996	$13,904,502
2019	$63,622,957	$44,270,623	$271,553,972	$19,352,334
2018	$54,343,177	$52,050,805	$256,465,311	$2,292,372

Hawaii Carpenters Health & Welfare Fund