The Queens Health Systems
- Assets
- $789.5m
- Revenue
- $200.6m
- Investments
- $46.4m
- Employees
- 927
- Location
- Honolulu, HI
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 99-0238120
Organization Overview
The Queens Health Systems is located in Honolulu, HI. The organization was established in 1985. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Queens Health Systems employed 927 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens Health Systems 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, Queens Health Systems generated $200.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $175.8m during the year ending 06/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, PROMOTE AND MAINTAIN THE AFFILIATE CORPORATIONS OF QUEEN'S HEALTH SYSTEMS AND TO PROMOTE, SUPERVISE AND CONTRIBUTE TO HEALTHCARE RELATED ACTIVITIES.
Describe the Organization's Program Activity:
THE QUEEN'S HEALTH SYSTEMS ('QHS') IS THE PARENT COMPANY OF THE QUEEN'S MEDICAL CENTER ('QMC'), QUEEN EMMA LAND COMPANY ('QEL'), QUEEN'S DEVELOPMENT CORPORATION ('QDC'), MOLOKAI GENERAL HOSPITAL ('MGH'), QUEEN'S NORTH HAWAII COMMUNITY HOSPITAL ('NHCH'), QUEEN'S UNIVERSITY MEDICAL GROUP ('QUMG') AND VARIOUS OTHER HEALTHCARE RELATED ENTITIES (COLLECTIVELY REFERRED TO AS 'QUEEN'S'). SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Hoggard Green President/ceo | OfficerTrustee | 32 | $1,520,980 |
Jason Chang Evp/coo | Officer | 24 | $0 |
Paul Mcdowell Treasurer/cfo | Officer | 15 | $939,261 |
Whitney Limm MD Sr Vice President | Officer | 48 | $888,041 |
Eric Martinson Vp/cio | Officer | 37 | $808,875 |
Kazuma Nakagawa MD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hawaiian Dredging And Construction Construction Svcs | 6/29/22 | $10,738,939 |
Hawaii Residency Programs Medical Services | 6/29/22 | $11,221,888 |
Sodexo Inc And Affiliates Management Services | 6/29/22 | $8,041,325 |
Pacific Anethesia Inc Medical Services | 6/29/22 | $7,240,248 |
Prolink Healthcare Llc Medical Services | 6/29/22 | $20,337,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,398 |
| Investment income | $1,425,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,567,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,556,947 |
| Statement of Expenses | |
|---|---|
| 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. | $5,808,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,448,548 |
| Pension plan accruals and contributions | $5,601,592 |
| Other employee benefits | $10,440,528 |
| Payroll taxes | $5,067,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,044,461 |
| Fees for services: Accounting | $930,315 |
| Fees for services: Lobbying | $89,432 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,074 |
| Fees for services: Other | $24,860,212 |
| Advertising and promotion | $886,071 |
| Office expenses | $1,573,574 |
| Information technology | $19,443,998 |
| Royalties | $0 |
| Occupancy | $3,176,902 |
| Travel | $55,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $348,865 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,971,261 |
| Insurance | $380,751 |
| All other expenses | $0 |
| Total functional expenses | $175,817,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,640,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,174,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,661,387 |
| Prepaid expenses and deferred charges | $6,813,200 |
| Investments—publicly traded securities | $69,117,327 |
| Investments—other securities | $46,426,550 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $478,238,576 |
| Total assets | $789,455,668 |
| Accounts payable and accrued expenses | $95,783,131 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $32,157,675 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,796,927 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $534,933,885 |
| Total liabilities | $665,671,618 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $123,784,050 |
Grants Awarded
Over the last fiscal year, The Queens Health Systems has awarded $537,204 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF HAWAII OFFICE OF RESEARCH SERVICES PURPOSE: General Support | $437,204 |
FIVE MOUNTAINS HAWAII INC | | | $100,000 |