Kuakini Medical Center
- Assets
- $155.1m
- Revenue
- $149.6m
- Investments
- $7.8m
- Employees
- 861
- Location
- Honolulu, HI
- Founding
- 09/1945
- Data as of
- 06/2021
- 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 06/2021, Kuakini Medical Center employed 861 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 06/2021, Kuakini Medical Center generated $149.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $149.0m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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
2021
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 |
|---|---|---|---|
Bonafe Lao Rn | 80 | $194,662 | |
Janette Sebastian Rn | 40 | $190,106 | |
Virginia Walker VP Nurs Svcs & Cno | Officer | 50 | $172,855 |
Sally Retuta Rn | 70 | $165,992 | |
Nobuyuki Miki VP Med Svcs & Cmo | Officer | 32 | $165,594 |
Ruby Anderson Rn | 75 | $161,933 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xtend Healthcare Llc Revenue Cycle Consulting | 6/29/21 | $1,420,895 |
Metrus Energy-aloha Llc Energy Services | 6/29/21 | $1,102,626 |
Medical Specialists Of Hawaii Llc Physician Services | 6/29/21 | $764,650 |
Critical Care Hawaii Llc Medical Services | 6/29/21 | $433,908 |
Kuakini Pathologists Llc Pathology Services | 6/29/21 | $290,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,047,996 |
| Government grants | $7,034,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,200,547 |
| Total Program Service Revenue | $125,494,109 |
| Investment income | $1,480,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $968,550 |
| Net Gain/Loss on Asset Sales | $328,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,602,900 |
| 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. | $401,498 |
| Compensation of current officers, directors, key employees. | $401,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,031,141 |
| Pension plan accruals and contributions | $848,215 |
| Other employee benefits | $15,624,173 |
| 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 | $17,309,783 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,441,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,899,608 |
| Insurance | $1,089,986 |
| All other expenses | $5,161,775 |
| Total functional expenses | $148,960,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,618,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,287,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,184,114 |
| Prepaid expenses and deferred charges | $1,417,467 |
| Net Land, buildings, and equipment | $27,651,403 |
| Investments—publicly traded securities | $4,077,593 |
| Investments—other securities | $7,775,213 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,122,576 |
| Total assets | $155,134,658 |
| Accounts payable and accrued expenses | $31,856,029 |
| Grants payable | $0 |
| Deferred revenue | $8,896,400 |
| Tax-exempt bond liabilities | $19,788,181 |
| 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 | $83,320,565 |
| Total liabilities | $143,861,175 |
| Net assets without donor restrictions | $11,273,483 |
| 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 | $155,134,658 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kuakini Medical Center has recieved totaling $251,934.
| Awarding Organization | Amount |
|---|---|
Central Pacific Bank Foundation Honolulu, HI PURPOSE: MAJOR MEDICAL EQUIPMENT AND ENHANCED PATIENT CARE | $250,000 |
Unoyo Kojima Trust Honolulu, HI PURPOSE: MEDICAL RESEARCH | $1,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |
Community Hospital Of The Monterey Peninsula Monterey, CA | $822,315,974 | $689,582,224 |
Sharp Chula Vista Medical Center San Diego, CA | $735,073,801 | $567,968,668 |
Community Memorial Health System Ventura, CA | $944,703,940 | $526,614,238 |
Rideout Memorial Hospital Marysville, CA | $442,983,359 | $453,739,870 |