HAWAII INSULATORS HEALTH AND WELFA… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

DOUGLAS FULP ROSS INOUY

Phone

8084418600

Tax Period

2024-04-01 to 2025-03-31

HAWAII INSULATORS HEALTH AND WELFARE PLAN, founded in 1968, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF EMPLOYERS SIGNATORY TO THE COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,058,265

TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS BY PAYING INSURANCE PREMIUMS AND SELF-INSURED CLAIMS. (MEDICAL - $1,055,307; SELF-INSURED VISION CLAIMS - $2,958)

Program 2

Expenses: $85,315

TO PROVIDE DENTAL BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS BY PAYING INSURANCE PREMIUMS.

Program 3

Expenses: $49,330

TO PROVIDE LIFE AND LONG-TERM CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS BY PAYING INSURANCE PREMIUMS. (TDI - $26,955; LONG TERM CARE - $12,339 LIFE - $9,221; MEDICARE PART D - $815)

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,348,542

Investment Income $123,481

Other Revenue $0

TOTAL REVENUE $1,472,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,192,910

Other Expenses $184,811

TOTAL EXPENSES $1,377,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,472,023	$1,302,230	+0.1%
Expenses	$1,377,721	$1,539,767	-0.1%
Net Income	$94,302	$-237,537	-1.4%

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
CHAD MORALES	MANAGEMENT TRUSTEE - ALT	0.50	Director	$0	$0	$0
GARY SILVA	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
ROSS INOUYE	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
RONALD LABANON JR	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
BRENT PASCUA	MANAGEMENT TRUSTEE - ALT	0.50	Director	$0	$0	$0
DOUGLAS FULP	LABOR TRUSTEE	0.50	Director	$0	$0	$0
TROY EBALAROZA	LABOR TRUSTEE - ALT	0.50	Director	$0	$0	$0
JUAN MORALES	LABOR TRUSTEE	0.50	Director	$0	$0	$0
KALE ALVAREZ	LABOR TRUSTEE	0.50	Director	$0	$0	$0
RONALD LABANON III	MANAGEMENT TRUSTEE - ALT	0.50	Director	$0	$0	$0
CHRIS MONTPAS	MANAGEMENT TRUSTEE - ALT	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
2025	$1,472,023	$1,377,721	$5,730,246	$94,302
2024	$1,302,230	$1,539,767	$5,458,220	$-237,537
2023	$1,474,171	$1,601,891	$5,599,042	$-127,720
2022	$1,312,230	$1,662,996	$5,675,672	$-350,766
2022	$1,312,230	$1,662,996	$5,675,672	$-350,766
2021	$1,556,741	$1,759,337	$6,426,961	$-202,596
2020	$1,530,214	$1,642,726	$6,572,133	$-112,512
2019	$1,755,739	$1,503,596	$6,684,094	$252,143

HAWAII INSULATORS HEALTH AND WELFARE PLAN