HAWAII ELECTRICIANS VACATION AND HOLIDAY (EIN 996015951) - 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

1969

Legal Domicile

Principal Officer

TRACY HAYASHI AL ITAMOTO

Phone

8088416169

Tax Period

2023-10-01 to 2024-09-30

HAWAII ELECTRICIANS VACATION AND HOLIDAY, founded in 1969, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $14.3M left a modest 15% surplus.

Mission

PROVIDE VACATION AND HOLIDAY BENEFITS TO PARTICIPANTS ACCORDING TO PLAN RULES AND REGULATIONS.

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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 $16,104,535

Investment Income $604,656

Other Revenue $0

TOTAL REVENUE $16,709,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,186,428

Other Expenses $183,702

TOTAL EXPENSES $14,260,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,709,191	$14,967,622	+0.1%
Expenses	$14,260,458	$13,574,673	+0.1%
Net Income	$2,448,733	$1,392,949	+0.8%

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

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
ROBERT HANAMOTO	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
STEVE WATANABE	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
TRACY HAYASHI	UNION TRUSTEE	0.50	Director	$0	$0	$0
MARK PHONGSAVATH	UNION TRUSTEE (ALT)	0.50	Director	$0	$0	$0
DAMIEN TK KIM	UNION TRUSTEE	0.50	Director	$0	$0	$0
AL ITAMOTO	EMPLOYER TRUSTEE (ALT)	0.50	Director	$0	$0	$0
JODY HANAMOTO	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
LEYTON TORDA	UNION TRUSTEE	0.50	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	$16,709,191	$14,260,458	$20,765,369	$2,448,733
2023	$14,967,622	$13,574,673	$18,025,776	$1,392,949
2022	$13,725,304	$15,100,940	$15,837,692	$-1,375,636
2022	$13,725,304	$15,100,940	$15,837,692	$-1,375,636
2021	$15,016,835	$14,399,312	$17,937,748	$617,523
2021	$15,016,835	$14,399,311	$17,937,747	$617,524
2020	$14,102,908	$14,828,415	$17,347,861	$-725,507
2019	$15,037,579	$14,193,248	$18,130,330	$844,331
2018	$14,534,016	$13,275,428	$17,170,308	$1,258,588

HAWAII ELECTRICIANS VACATION AND HOLIDAY