Hawaii Carpenters Vacation & Holiday Fund (EIN 996025504) - 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

1972

Legal Domicile

Principal Officer

Juan Padasao Jr

Phone

8088417575

Tax Period

2023-09-01 to 2024-08-31

Hawaii Carpenters Vacation & Holiday Fund, founded in 1972, is a mid-sized nonprofit that reported $27.9M in total revenue in fiscal year 2023. Revenue surged 3937% from the prior year, signaling strong growth momentum. Expenses of $26.1M left a modest 6% surplus.

Mission

To provide vacation and holiday benefits to eligible plan participants or 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 $27,273,210

Investment Income $655,594

Other Revenue $0

TOTAL REVENUE $27,928,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $356,561

TOTAL EXPENSES $26,140,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,928,804	$691,813	+39.4%
Expenses	$26,140,817	$347,376	+74.3%
Net Income	$1,787,987	$344,437	+4.2%

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

$678,528

Total Directors

$1,387,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kyle Chock	Co-Chair (Until 2/2024)	0.10	Officer Director	$0	$42,800	$314,800
Paul Silen	Co-Chair	0.10	Officer Director	$0	$0	$0
Juan Padasao Jr	Co-Chair	0.10	Officer Director	$0	$42,800	$181,864
Paul Sasaki	Secretary (Until 4/2024)	0.10	Officer Director	$0	$0	$0
Sean Newcamp	Secretary	0.10	Officer Director	$0	$42,800	$181,864
Nathaniel Kinney	Trustee	0.10	Director	$0	$42,800	$181,864
Mitchell Tynanes	Trustee	0.10	Director	$0	$42,800	$181,864
Travis Murakami	Trustee	0.10	Director	$0	$42,800	$181,864
Roy Morioka	Trustee	0.10	Director	$0	$0	$0
Tom Broderick	Trustee	0.10	Director	$0	$0	$0
Jay Kadowaki	Trustee	0.10	Director	$0	$0	$0
Roy Shioi	Trustee Alternate	0.10	Director	$0	$0	$0
Fred Kim	Trustee Alternate	0.10	Director	$0	$0	$0
Eric Reiny	Trustee Alternate (As of 4/2024)	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	$27,928,804	$26,140,817	$14,960,161	$1,787,987
2023	$691,813	$347,376	$13,146,690	$344,437
2022	$23,361,541	$23,793,897	$12,322,371	$-432,356
2021	$25,073,214	$24,818,538	$12,976,958	$254,676
2020	$25,119,454	$25,265,743	$12,558,886	$-146,289
2019	$24,093,108	$23,920,851	$12,614,156	$172,257
2018	$24,606,601	$24,403,093	$12,920,433	$203,508

Hawaii Carpenters Vacation & Holiday Fund