Kuakini Medical Center
- Assets
- $140.8m
- Revenue
- $142.7m
- Investments
- $6.6m
- Employees
- 863
- Location
- Honolulu, HI
- Founding
- 09/1945
- Data as of
- 06/2022
- EIN
- 99-0074139
Organization Overview
Kuakini Medical Center is located in Honolulu, HI. The organization was established in 1945. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Kuakini Medical Center employed 863 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kuakini Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kuakini Medical Center generated $142.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $143.7m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KUAKINI MEDICAL CENTER IS TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY BY: PROVIDING COMPREHENSIVE HEALTH CARE SERVICES AND PROGRAMS AT REASONABLE COST; CONTINUOUSLY IMPROVING THE QUALITY OF HEALTH CARE SERVICES AND PROGRAMS; ENCOURAGING CLINICAL RESEARCH; SUPPORTING TRAINING AND EDUCATIONAL PROGRAMS FOR HEALTH CARE PERSONNEL; AND OFFERING COMMUNITY SERVICE PROGRAMS. KUAKINI MEDICAL CENTER PROVIDES ACUTE HOSPITAL SERVICES, AMBULATORY CARE SERVICES, EMERGENCY ROOM SERVICES, TEACHING SERVICES AND BIOMEDICAL RESEARCH.
Describe the Organization's Program Activity:
KUAKINI MEDICAL CENTER PROVIDES HOSPITAL CARE SERVICES AND AMBULATORY CARE SERVICES TO PROVIDE RELIEF TO PEOPLE IN THE STATE OF HAWAII AS A RESULT OF ILLNESS, POVERTY, ACCIDENT OR OTHER CAUSE; PROMOTES THE GENERAL WELFARE OF THE COMMUNITY; PERFORMS ANY CHARITABLE OR BENEVOLENT WORK; ESTABLISHES AND MAINTAINS FACILITIES TO PROVIDE MEDICAL SERVICES; PROVIDES AND CONDUCTS EDUCATIONAL SERVICES TO RENDER CARE TO THE SICK AND INJURED; AND PROMOTES SCIENTIFIC RESEARCH RELATING TO THE CARE OF THE SICK AND INJURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Kajiwara President & CEO | OfficerTrustee | 20 | $0 |
James Yasuda Chair | OfficerTrustee | 1.25 | $0 |
Satoru Izutsu Vice Chair | OfficerTrustee | 1.25 | $0 |
Myron Shirasu Treasurer | OfficerTrustee | 1.25 | $0 |
Brent Uyeno Director | Trustee | 1.25 | $41,800 |
Rochelle Lee Gregson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xtend Healthcare Llc Revenue Cycle Consulting | 6/29/22 | $1,109,991 |
Metrus Energy-aloha Llc Energy Services | 6/29/22 | $891,251 |
Medical Specialists Of Hawaii Llc Physician Services | 6/29/22 | $687,650 |
Critical Care Hawaii Llc Medical Services | 6/29/22 | $426,623 |
Kuakini Pathologists Llc Pathology Services | 6/29/22 | $312,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,600,000 |
| Government grants | $1,695,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $512,471 |
| Noncash contributions included in lines 1a–1f | $262,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,807,743 |
| Total Program Service Revenue | $131,328,803 |
| Investment income | $2,184,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $489,071 |
| Net Gain/Loss on Asset Sales | $646,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,746,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,771 |
| Compensation of current officers, directors, key employees. | $404,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,240,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,909,892 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,185,385 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,301,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,809,553 |
| Insurance | $1,237,825 |
| All other expenses | $4,973,464 |
| Total functional expenses | $143,709,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,577,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,889,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,294,535 |
| Prepaid expenses and deferred charges | $1,382,303 |
| Net Land, buildings, and equipment | $26,537,351 |
| Investments—publicly traded securities | $84,630 |
| Investments—other securities | $6,593,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,466,847 |
| Total assets | $140,826,656 |
| Accounts payable and accrued expenses | $34,540,909 |
| Grants payable | $0 |
| Deferred revenue | $1,264,893 |
| Tax-exempt bond liabilities | $18,252,213 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,700,368 |
| Total liabilities | $126,758,383 |
| Net assets without donor restrictions | $14,068,273 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $140,826,656 |