Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $52,219

• 1e · Government grants (contributions)

  $13,550,292

• 1f · All other contributions, gifts and grants

  $934,369

• 2a · Program service revenue: Admin/Mgmt Services

  total $213,062,739 · related or exempt $210,183,006 · unrelated business $3,754,830 · excluded -$875,097

• 2b · Program service revenue: HAWAI'I HEALTH PARTNERS

  total $4,242,854 · related or exempt $4,242,854

• 2c · Program service revenue: GRANT AND CLINICAL TRIALS

  total $83,306 · related or exempt $83,306

• 2d · Program service revenue: NET PATIENT REVENUE

  total $538,733 · related or exempt $538,733

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $7,400,792 · unrelated business -$215,083 · excluded $7,615,875

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $41,829,609

• 7b · Less cost or other basis and sales expenses

  securities $34,355,259

• 7c · Gain or loss

  securities $7,474,350 · other assets $0

• 7d · Net gain or loss

  total $7,474,350 · excluded $7,474,350

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $942,500 · program services $942,500

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $15,282,994 · program services $10,698,096 · management and general $4,584,898

• 6 · Compensation of disqualified persons

  total $280,603 · management and general $280,603

• 7 · Other salaries and wages

  total $100,048,675 · program services $44,962,954 · management and general $53,630,765 · fundraising $1,454,956

• 8 · Pension plan contributions

  total $7,950,621 · program services $4,550,492 · management and general $3,351,590 · fundraising $48,539

• 9 · Other employee benefits

  total $11,007,114 · program services $6,120,858 · management and general $4,632,399 · fundraising $253,857

• 10 · Payroll taxes

  total $7,731,824 · program services $4,173,490 · management and general $3,446,512 · fundraising $111,822

• 11b · Fees: legal

  total $2,148,318 · management and general $2,148,318

• 11c · Fees: accounting

  total $115,294 · management and general $115,294

• 11d · Fees: lobbying

  total $58,024 · management and general $58,024

• 11f · Fees: investment management

  total $1,076,855 · management and general $1,076,855

• 11g · Fees: other

  total $15,395,789 · program services $4,665,110 · management and general $10,720,701 · fundraising $9,978

• 12 · Advertising and promotion

  total $3,607,770 · program services $12,643 · management and general $3,595,127

• 13 · Office expenses

  total $199,307 · program services $126,687 · management and general $72,601 · fundraising $19

• 14 · Information technology

  total $23,990,606 · program services $16,639,516 · management and general $7,351,090

• 16 · Occupancy

  total $4,492,998 · program services $2,679,626 · management and general $1,813,372

• 17 · Travel

  total $745,970 · program services $326,699 · management and general $417,801 · fundraising $1,470

• 19 · Conferences, conventions and meetings

  total $98,754 · program services $48,494 · management and general $50,260

• 20 · Interest

  total $2,463,141 · program services $2,381,138 · management and general $82,003

• 22 · Depreciation, depletion and amortization

  total $9,830,722 · program services $9,703,206 · fundraising $127,516

• 23 · Insurance

  total $194,107 · management and general $194,107

• 24a · Other expenses: PROGRAM SERVICE EXPENDITURES

  total $11,879,335 · program services $11,879,335

• 24b · Other expenses: OTHER PURCHASES

  total $3,092,233 · program services $1,142,244 · management and general $1,949,989

• 24c · Other expenses: TAXES & LICENSES

  total $2,083,120 · program services $180,731 · management and general $1,902,389

• 24d · Other expenses: FOOD & MEALS

  total $1,222,548 · program services $217,894 · management and general $1,004,654

• 24e · All other expenses

  total $3,605,183 · program services $962,543 · management and general $2,640,528 · fundraising $2,112

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $211,194,077 · end of year $133,266,051

• 3 · Pledges and grants receivable

  beginning of year $1,744,395 · end of year $2,230,855

• 4 · Accounts receivable

  beginning of year $105,647 · end of year $259,887

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,364,175 · end of year $9,614,796

• 10a · Land, buildings and equipment: cost or other basis

  $171,374,969

• 10b · Land, buildings and equipment: accumulated depreciation

  $114,783,875

• 10c · Land, buildings and equipment, net

  beginning of year $51,905,679 · end of year $56,591,094

• 11 · Investments: publicly traded securities

  beginning of year $156,829,357 · end of year $177,399,300

• 12 · Investments: other securities

  beginning of year $337,075,680 · end of year $555,106,821

• 13 · Investments: program-related

  beginning of year $2,000,000 · end of year $4,800,000

• 15 · Other assets

  beginning of year $228,236,423 · end of year $262,740,358

• 17 · Accounts payable and accrued expenses

  beginning of year $42,347,883 · end of year $48,439,074

• 20 · Tax-exempt bond liabilities

  beginning of year $177,478,804 · end of year $367,554,916

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $98,898,976 · end of year $95,434,245

• 25 · Other liabilities

  beginning of year $172,425,524 · end of year $166,536,283

• 27 · Net assets without donor restrictions

  beginning of year $484,197,365 · end of year $501,359,965

• 28 · Net assets with donor restrictions

  beginning of year $19,106,881 · end of year $22,684,679

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

HOUSING ALLOWANCES WERE PAID FOR ONE OFFICER OF THE ORGANIZATION. ALL AMOUNTS HAVE BEEN INCLUDED IN THE INDIVIDUALS FORM W-2 AS TAXABLE INCOME.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

HEALTH/SOCIAL CLUB DUES WERE PAID FOR EIGHT OFFICERS OF THE ORGANIZATION. ALL AMOUNTS HAVE BEEN INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS, INCLUDED IN PART II, COLUMN (B)(III), DURING THE 2023 CALENDAR YEAR: BRANDON WONG - $133,092

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE RESTORATION PLAN WAS DESIGNED TO RESTORE BENEFITS THAT ARE LOST DUE TO LIMITS IMPOSED BY SECTIONS 401 AND 415 OF THE INTERNAL REVENUE CODE ON COMPENSATION CONSIDERED UNDER SUCH PLANS. AMOUNTS PAID OUT DURING THE YEAR BY THE ORGANIZATION: RAYMOND P. VARA JR. - $307,960 DAVID OKABE - $114,710 LESLIE CHUN - $60,329 CHARLES R. CHING - $77,492 STEVEN ROBERTSON - $94,544 ARTHUR GLADSTONE - $83,383 JENNIE CHAHANOVICH - $53,405 DAVID UNDERRINER - $30,738 ANNUAL INCENTIVE PLAN THE ANNUAL INCENTIVE PLAN IS AFFORDED TO EXECUTIVES BASED ON ANNUAL SYSTEM GOALS THAT ARE NOT BASED ON A PERCENTAGE OF NET EARNINGS. AMOUNTS PAID OUT DURING THE YEAR BY THE ORGANIZATION: RAYMOND P. VARA JR. - $505,774 DAVID OKABE - $176,576 LESLIE CHUN - $181,467 CHARLES R. CHING - $139,662 STEVEN ROBERTSON - $143,887 ARTHUR GLADSTONE - $160,613 JENNIE CHAHANOVICH - $126,291 DAVID UNDERRINER - $184,891 GIDGET RUSCETTA - $ 93,440 TRAVIS CLEGG - $ 85,611 SUNSHINE TOPPING - $84,627 JOHN MCNAMARA - $75,674 DAWN DUNBAR - $74,859 DOUGLAS KWOCK - $73,135 SHILPA PATEL - $72,211 TERENCE YOUNG - $72,078 WARREN CHAIKO - $67,798 GLORIA BROOKS - $ 61,348 MICHAEL ROBINSON - $49,914 JAMES LIN - $49,423 MATTHEW SASAKI - $48,895 PETER LEWIS - $48,447 WILLIAM BURKE - $45,000 DAVID STUMBAUGH - $43,837 CARRIE ANN TSUTSUI - $42,745 LOUISE FUKUMOTO - $40,805 LORRIE-ANN LUKE - $43,449 TROY BRANSTETTER - $42,056 DEAN TATEYAMA - $40,805 RETENTION INCENTIVE PLAN THE RETENTION INCENTIVE PLAN WAS DESIGNED TO ENCOURAGE CONTINUED INTEREST IN THE SUCCESS OF THE ORGANIZATION AND PROVIDE COMPETITIVE RETIREMENT BENEFITS. THE SOLE PLAN PARTICIPANT IS HAWAI'I PACIFIC HEALTH'S CHIEF EXECUTIVE OFFICER, RAYMOND P. VARA JR. THE PLAN DOES NOT REPLACE THE ANNUAL AND LONG-TERM INCENTIVE PLAN NOR THE SERP RESTORATION PLAN. AMOUNTS PAID OUT DURING THE YEAR BY THE ORGANIZATION: RAYMOND P. VARA JR. - $500,000

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HAWAI'I HEALTH PARTNERS

  HEALTHCARE · HI · income $5,623,295 · assets $5,022,744

  Directly controlled by HPH

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Invision LLC

  N/A · MRI Center · HI

  Directly controlled by NA

• Honolulu Surgery Center LP

  N/A · Amb Surg Center · TN

  Directly controlled by NA

• Specialty Surgical Suites LLC

  N/A · Amb Surg Center · HI

  Directly controlled by NA

• Honolulu Imaging Center LLC

  N/A · Diag. Imaging Center · DE

  Directly controlled by NA

• Hawai'i Isotope Technology LLC

  N/A · Pharmaceutical Manufacturing · HI

  Directly controlled by NA

• All Acccess Ortho Oahu LLC

  N/A · Urgent Care Clinics · HI

  Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HAWAI'I PACIFIC HEALTH PARTNERS INC

  C Corporation · HOLDING COMPANY · HI · 100% owned · share of income $4,419,600 · share of assets $141,293,439 · controlled entity

  Directly controlled by NA

• STRAUB PHARMACY INC

  C Corporation · INACTIVE · HI · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by SCH

• HICORD INC

  C Corporation · INVESTMENT · HI · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by HPHPI