Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $65,859

• 1e · Government grants (contributions)

  $11,903,593

• 1f · All other contributions, gifts and grants

  $402,475

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

  total $216,668,057 · related or exempt $214,640,411 · unrelated business $2,027,646

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

  total $3,677,686 · related or exempt $3,677,686

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

  total $73,459 · related or exempt $73,459

• 2d · Program service revenue: NET PATIENT REVENUE

  total $380,870 · related or exempt $380,870

• 2f · All other program service revenue

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

• 3 · Investment income

  total $6,092,815 · unrelated business $5,486,450 · excluded $606,365

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $85,165,590

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

  securities $74,906,537

• 7c · Gain or loss

  securities $10,259,053 · other assets $0

• 7d · Net gain or loss

  total $10,259,053 · excluded $10,259,053

• 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 $698,612 · program services $698,612

• 5 · Compensation of officers, directors and key employees

  total $16,549,059 · program services $11,584,341 · management and general $4,964,718

• 6 · Compensation of disqualified persons

  total $192,351 · management and general $192,351

• 7 · Other salaries and wages

  total $109,653,618 · program services $49,114,280 · management and general $58,998,920 · fundraising $1,540,418

• 8 · Pension plan contributions

  total $8,144,624 · program services $5,105,197 · management and general $2,982,096 · fundraising $57,331

• 9 · Other employee benefits

  total $12,168,478 · program services $7,444,173 · management and general $4,449,719 · fundraising $274,586

• 10 · Payroll taxes

  total $8,299,869 · program services $4,555,255 · management and general $3,625,236 · fundraising $119,378

• 11b · Fees: legal

  total $4,223,582 · program services $374 · management and general $4,223,208

• 11c · Fees: accounting

  total $309,124 · management and general $309,124

• 11d · Fees: lobbying

  total $57,600 · program services $0 · management and general $57,600

• 11f · Fees: investment management

  total $1,211,154 · management and general $1,211,154

• 11g · Fees: other

  total $17,223,348 · program services $4,587,778 · management and general $12,634,243 · fundraising $1,327

• 12 · Advertising and promotion

  total $3,789,048 · program services $20,707 · management and general $3,768,341

• 13 · Office expenses

  total $255,407 · program services $135,612 · management and general $119,795

• 14 · Information technology

  total $26,424,508 · program services $17,183,205 · management and general $9,241,303

• 16 · Occupancy

  total $4,561,798 · program services $2,742,640 · management and general $1,819,158

• 17 · Travel

  total $790,933 · program services $334,929 · management and general $454,098 · fundraising $1,906

• 19 · Conferences, conventions and meetings

  total $92,062 · program services $35,384 · management and general $56,678

• 20 · Interest

  total $2,769,670 · program services $2,712,633 · management and general $57,037

• 22 · Depreciation, depletion and amortization

  total $10,043,840 · program services $9,917,663 · fundraising $126,177

• 23 · Insurance

  total $219,446 · management and general $219,446

• 24a · Other expenses: PROGRAM SERVICE EXPENDITURES

  total $12,438,189 · program services $12,438,189

• 24b · Other expenses: OTHER PURCHASES

  total $1,520,350 · program services $538,874 · management and general $981,476

• 24c · Other expenses: BANK SERVICE FEES

  total $1,507,922 · program services $648,048 · management and general $859,874

• 24d · Other expenses: UBI TAXES

  total $586,464 · program services $0 · management and general $586,464

• 24e · All other expenses

  total $5,513,133 · program services $1,411,943 · management and general $4,099,661 · fundraising $1,529

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $133,266,051 · end of year $131,548,564

• 3 · Pledges and grants receivable

  beginning of year $2,230,855 · end of year $1,363,476

• 4 · Accounts receivable

  beginning of year $259,887 · end of year $240,669

• 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 $9,614,796 · end of year $11,488,288

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

  $174,033,722

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

  $116,516,409

• 10c · Land, buildings and equipment, net

  beginning of year $56,591,094 · end of year $57,517,313

• 11 · Investments: publicly traded securities

  beginning of year $177,399,300 · end of year $153,029,294

• 12 · Investments: other securities

  beginning of year $555,106,821 · end of year $569,562,849

• 13 · Investments: program-related

  beginning of year $4,800,000 · end of year $7,500,000

• 15 · Other assets

  beginning of year $262,740,358 · end of year $272,471,310

• 17 · Accounts payable and accrued expenses

  beginning of year $48,439,074 · end of year $62,187,440

• 20 · Tax-exempt bond liabilities

  beginning of year $367,554,916 · end of year $358,605,572

• 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 $95,434,245 · end of year $91,805,290

• 25 · Other liabilities

  beginning of year $166,536,283 · end of year $186,756,082

• 27 · Net assets without donor restrictions

  beginning of year $501,359,965 · end of year $481,876,564

• 28 · Net assets with donor restrictions

  beginning of year $22,684,679 · end of year $23,490,815

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 INDIVIDUAL'S 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 NINE OFFICERS OF THE ORGANIZATION. ALL AMOUNTS HAVE BEEN INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME.

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. - $236,450 DAVID OKABE - $89,681 STEVEN ROBERTSON - $61,201 ARTHUR GLADSTONE - $56,841 CHARLES R. CHING - $52,702 LESLIE CHUN, M.D. - $49,140 JENNIE CHAHANOVICH - $28,518 DAVID UNDERRINER - $63,232 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. - $763,646 DAVID UNDERRINER - $219,868 LESLIE CHUN - $205,459 DAVID OKABE - $209,979 ARTHUR GLADSTONE - $190,996 STEVEN ROBERTSON - $171,107 CHARLES R. CHING - $166,083 JENNIE CHAHANOVICH - $144,613 GIDGET RUSCETTA - $69,305 TRAVIS CLEGG - $75,952 SUNSHINE TOPPING - $89,906 JOHN MCNAMARA - $89,126 DAWN DUNBAR - $88,166 DOUGLAS KWOCK - $86,133 SHILPA PATEL - $91,598 TERENCE YOUNG - $74,084 WARREN CHAIKO - $79,850 GLORIA BROOKS - $62,107 MICHAEL ROBINSON - $59,356 JAMES LIN - $58,207 MATTHEW SASAKI - $58,144 PETER LEWIS - $57,057 WILLIAM BURKE - $52,998 DAVID STUMBAUGH - $53,633 LORRIE-ANN LUKE - $51,171 CARRIE ANN TSUTSUI - $50,341 TROY BRANSTETTER - $52,896 DEAN TATEYAMA - $48,057 LOUISE FUKUMOTO - $48,057 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 PLAN DOES NOT REPLACE THE ANNUAL AND LONG-TERM INCENTIVE PLAN NOR THE SERP RESTORATION PLAN.

Disregarded entities

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

• HAWAI'I HEALTH PARTNERS

  HEALTHCARE · HI · income $5,395,551 · assets $6,474,228

  Directly controlled by HPH

Related partnerships

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

• 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 $4,506,697 · share of assets $167,087,762 · 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