Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $837,371

• 1f · All other contributions, gifts and grants

  $1,048,693

• 1g · Noncash contributions included above

  $56,058

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $89,778,680 · related or exempt $89,778,680

• 2b · Program service revenue: STATE OF HI SUSTAINABILITY

  total $4,049,268 · related or exempt $4,049,268

• 2c · Program service revenue: COVID TESTING

  total $258,376 · related or exempt $258,376

• 2d · Program service revenue: INTERCOMPANY INCOME

  total $196,351 · related or exempt $196,351

• 3 · Investment income

  total $524,240 · unrelated business $39,539 · excluded $484,701

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $330,974

• 6c · Rental income or loss

  real property $330,974 · personal property $0

• 6d · Net rental income or loss

  total $330,974 · excluded $330,974

• 7a · Gross sales of assets other than inventory

  securities $264 · other assets $2,000

• 7c · Gain or loss

  securities $264 · other assets $2,000

• 7d · Net gain or loss

  total $2,264 · excluded $2,264

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: VENDING MACHINE/CAFETERIA

  total $253,000 · excluded $253,000

• 11b · Other revenue: HMSA PAYMENT - RELOCATION

  total $67,500 · related or exempt $67,500

• 11c · Other revenue: ASSETS RELEASED FROM RESTRICTION

  total $1,923,961 · related or exempt $1,923,961

• 11d · All other revenue

  total $248,572 · related or exempt $248,572

• 11e · Other revenue, total

  $2,493,033

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $72,434 · management and general $72,434

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $37,510,065 · program services $31,491,794 · management and general $5,944,732 · fundraising $73,539

• 8 · Pension plan contributions

  total $927,062 · program services $823,547 · management and general $101,174 · fundraising $2,341

• 9 · Other employee benefits

  total $3,792,774 · program services $2,587,494 · management and general $1,192,364 · fundraising $12,916

• 10 · Payroll taxes

  total $2,093,624 · program services $1,646,474 · management and general $441,768 · fundraising $5,382

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $238,824 · management and general $238,824

• 11c · Fees: accounting

  total $44,586 · management and general $44,586

• 11d · Fees: lobbying

  total $8,864 · management and general $8,864

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $755 · management and general $755

• 11g · Fees: other

  total $11,167,266 · program services $9,436,816 · management and general $1,721,023 · fundraising $9,427

• 12 · Advertising and promotion

  total $46,388 · program services $1,083 · management and general $45,305

• 13 · Office expenses

  total $1,600,937 · program services $1,324,212 · management and general $275,973 · fundraising $752

• 14 · Information technology

  total $296,778 · program services $27,274 · management and general $269,475 · fundraising $29

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $3,511,783 · program services $613,121 · management and general $2,898,662

• 17 · Travel

  total $174,608 · program services $140,695 · management and general $33,913

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $126,508 · program services $49,601 · management and general $76,907

• 20 · Interest

  total $694,389 · management and general $694,389

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $6,300,997 · program services $5,541,091 · management and general $759,906

• 23 · Insurance

  total $1,116,533 · management and general $1,116,533

• 24a · Other expenses: SUPPLIES

  total $14,326,255 · program services $14,145,571 · management and general $180,684

• 24b · Other expenses: PROVIDER TAX

  total $1,520,040 · program services $1,520,040

• 24c · Other expenses: INTERCOMPANY PAYMENTS

  total $7,009,797 · management and general $7,009,797

• 24d · Other expenses: UBI TAX

  total $12,291 · program services $12,291

• 24e · All other expenses

  total $2,304,211 · program services $1,263,841 · management and general $1,039,513 · fundraising $857

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,985,370 · end of year $8,284,869

• 2 · Savings and temporary cash investments

  beginning of year $7,295,491 · end of year $3,327,339

• 3 · Pledges and grants receivable

  beginning of year $2,918,160 · end of year $1,943,824

• 4 · Accounts receivable

  beginning of year $9,448,056 · end of year $13,389,281

• 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

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,719,536 · end of year $2,087,665

• 9 · Prepaid expenses and deferred charges

  beginning of year $518,823 · end of year $685,026

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

  $126,817,715

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

  $56,024,638

• 10c · Land, buildings and equipment, net

  beginning of year $70,047,768 · end of year $70,793,077

• 11 · Investments: publicly traded securities

  beginning of year $710,621 · end of year $709,164

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $135,571,417 · end of year $127,963,342

• 17 · Accounts payable and accrued expenses

  beginning of year $10,738,307 · end of year $8,476,152

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $4,403,294 · end of year $4,150,399

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $51,416,440 · end of year $51,474,840

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $60,867,971 · end of year $52,528,536

• 27 · Net assets without donor restrictions

  beginning of year -$18,876,069 · end of year -$13,310,230

• 28 · Net assets with donor restrictions

  beginning of year $133,665,299 · end of year $125,863,890

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE ORGANIZATION RELIED ON THE QUEEN'S HEALTH SYSTEMS ("QHS", PARENT COMPANY) TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. QHS USED A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY AND STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

SCHEDULE J, PART I, LINE 4A

THE TERMS OF THE SEVERANCE AGREEMENT ARE SUBJECT TO A NON-DISCLOSURE AGREEMENT.

SCHEDULE J, PART I, LINE 7

OTHER NON-FIXED PAYMENTS RECOGNITION AWARDS WERE PAID TO EMPLOYEES BASED ON ACCOMPLISHMENTS OF PREDETERMINED GOALS SET FORTH IN THE INCENTIVE AND STRATEGIC PLANS AND DEFINED ELIGIBILITY OF THE EMPLOYEE. RECOGNITION AWARDS ARE DISCRETIONARY AND CONSIDER QUALITY THRESHOLDS WHICH INCLUDE ANNUAL ACCREDITATION AND MINIMUM OPERATING INCOME LEVEL CRITERIA. IN ADDITION, EXECUTIVE AWARDS ARE WEIGHTED BASED ON INDIVIDUAL GOALS ESTABLISHED FOR EACH EXECUTIVE.

SCHEDULE J, PART II & FORM 990, PART VII

COMPENSATION PAID FOR SERVICES JILL HOGGARD GREEN MS. HOGGARD GREEN SERVES AS A TRUSTEE FOR THE QUEEN'S HEALTH SYSTEMS AND SEVERAL OTHER QUEEN'S RELATED AFFILIATES. MS. HOGGARD GREEN ALSO SERVES AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE QUEEN'S HEALTH SYSTEMS ("QHS", PARENT COMPANY) AND CHAIR OF QUMG, MGH, QEL AND NHCH. SHE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR HER VARIOUS SERVICES. CYNTHIA KAMIKAWA MS. KAMIKAWA SERVES AS VP OF QHS AND AS PRESIDENT AND TRUSTEE OF QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL ("NHCH"). SHE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR ALL SERVICES. JASON CHANG MR. CHANG SERVES AS EVP, INNOVATION & STRATEGY FOR THE QUEEN'S HEALTH SYSTEMS AND PRESIDENT OF QUEEN'S INNOVATION INSTITUTE, TRUSTEE OF QEL, MGH AND NHCH. HE ALSO SERVED AS COO OF QHS, PRESIDENT/TRUSTEE OF QMC AND QUMG THROUGH JANUARY 2023. HE IS A VOLUNTEER TRUSTEE AND IS NOT SEPARATELY COMPENSATED FOR THESE SERVICES. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES. SHARLENE TSUDA MS. TSUDA SERVED AS SECRETARY FOR QHS, QMC AND NHCH AND VP OF COMMUNITY DEVELOPMENT OF QHS THROUGH NOVEMBER 2020. THE COMPENSATION LISTED IS HER TOTAL COMPENSATION FOR ALL SERVICES. MONEY ATWAL MR. ATWAL SERVES DIRECTOR OF FINANCE AND INFORMATION TECHNOLOGY FOR MOLOKAI GENERAL HOSPITAL ("MGH") AND NHCH AND TREASURER OF NHCH. THE COMPENSATION LISTED IS HIS TOTAL COMPENSATION FOR ALL SERVICES.

Related partnerships

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

• HAMAMATSUQUEEN'S PET IMAGING CENTER LL

  PET IMAGING · HI

  Directly controlled by NA

• PRIMARY CARE PHYSICIAN ENTERPRISE LLC

  MEDICAL SERVICES · HI

  Directly controlled by NA

Related corporations and trusts

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

• THE QUEEN'S DEVELOPMENT CORPORATION

  C Corp · DEVELOPMENT · HI · controlled entity

  Directly controlled by NA

• QUEEN'S INSURANCE EXCHANGE

  C Corp · INSURANCE · HI · controlled entity

  Directly controlled by NA

• DIAGNOSTIC LABORATORY SERVICES INC

  C Corp · MEDICAL LAB SVCS · HI · controlled entity

  Directly controlled by NA