Kapiolani Medical Specialists
90% goes to programs $0 to raise $100 Thin reserves Growing revenue
Kapiolani Medical Specialists is a 501(c)(3) organization based in Honolulu, Hawaii, registered in 1996, with $354,430,283 in FY2023 revenue. CharityIndex grades it C+, and it directs about 90% of spending to programs.
55 Merchant St Fl 25, Honolulu, HI, 96813 EIN 99-0322406 Since 1996
Revenue (FY2023)
$354.4M
▲ 6.4% vs prior year
Health median: $840K
Expenses (FY2023)
$486.3M
Net assets
-$8.6M
Employees
1,128
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kapiolani Medical Specialists: 90% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kapiolani Medical Specialists: 0 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kapiolani Medical Specialists: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kapiolani Medical Specialists: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 55 Merchant St Fl 25, Honolulu, HI, 96813
- City
- Honolulu
- State
- Hawaii
- Category
- Health Care
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.7M (FY2013) to $354.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $84.3MNet assets -$8.6M
Operating margin
-37.2%
Spent more than it raised in the latest fiscal year.
Total assets
$75.7M
Total liabilities
$84.3M
Net assets
-$8.6M
Salaries & benefits
$286.2M
59% of expenses
Board members
9
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $354,430,283▲6.4% | $486,278,345▲9.4% | -$8,606,564▼158% | $75,706,584▲12.6% | 990 |
| 2022 | $333,070,854▲1.2% | $444,417,239▲8.6% | -$3,338,320▼125% | $67,223,230▼13.9% | 990 |
| 2021 | $329,136,889▲10.6% | $409,189,187▲5.5% | $13,412,650▲504% | $78,117,233▲17.9% | 990 |
| 2020 | $297,683,089▲104% | $387,676,942▲82.0% | -$3,320,509▲30.1% | $66,271,257▲30.7% | 990 |
| 2019 | $146,245,757▲287% | $213,045,801▲293% | -$4,750,642▼755% | $50,715,377▲487% | 990 |
| 2018 | $37,763,185▼3.0% | $54,233,596▲4.3% | -$555,827▼219% | $8,640,582▲2.5% | 990 |
| 2017 | $38,918,478▲21.9% | $51,980,083▲14.2% | $468,141▲281% | $8,427,319▲26.2% | 990 |
| 2016 | $31,920,464▲3.4% | $45,517,603▲6.6% | -$258,964▲0.8% | $6,678,427▲9.6% | 990 |
| 2015 | $30,885,114▲9.7% | $42,690,143▲18.6% | -$261,045▲31.5% | $6,095,807▲27.4% | 990 |
| 2014 | $28,166,879▼5.3% | $35,995,608▲2.8% | -$381,121▼159% | $4,783,038▼15.3% | 990 |
| 2013 | $29,740,607 | $35,028,183▲6.7% | $642,440▲188% | $5,648,210▲33.8% | 990 |
| 2012 | — | $32,838,742▲15.8% | -$729,311▼183% | $4,220,789▲3.3% | 990 |
| 2011 | — | $28,357,382▲3.6% | $878,277▼1.5% | $4,084,175▼12.0% | 990 |
| 2010 | — | $27,383,200▲5.1% | $891,260▲2.5% | $4,643,083▲13.5% | 990 |
| 2009 | — | $26,065,986 | $869,270 | $4,090,555 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Cass Nakasone Md — $1,531,646 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cass Nakasone Md | Physician | 40 | $1,531,646 |
| Andrew Baldwin | Physician | 40 | $1,264,086 |
| Gregory Chow Md | Physician | 40 | $1,223,069 |
| Timothy Fei Md | Physician | 40 | $1,193,420 |
| Daniel Judd Md | Physician | 40 | $982,569 |
| David Cho Md | Board of Director | 0.2 | $739,000 |
| Patrick O'donnell Md | Board of Director | 40.2 | $635,540 |
| Anne Dempsey Md | Board of Director | 40.2 | $391,560 |
| Kenneth T Nakamura Md | Former Officer | 28 | $205,306 |
| Amanda Woo | Vp | 40 | — |
| Andrew Kawano | Board of Director | 0.2 | — |
| Arthur Gladstone | Evp & Cso | 0 | — |
| Brandon Wong | Former Officer | 0 | — |
| Carrie Ann Tsutsui | Vp & System Controller | 6 | — |
| Charles R Ching | Evp, General Counsel & Secretary | 2.1 | — |
| Chris Eldridge | Board of Director | 0.2 | — |
| David Okabe | Evp, Cfo & Treasurer | 3 | — |
| David Stumbaugh | Vp | 1.5 | — |
| Dawn Dunbar | Svp | 0.1 | — |
| Dean Tateyama | Vp | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Comphealth Inc | Physician Services | $3,416,179 |
| Weatherby Locums Inc | Physician Services | $2,821,363 |
| University of Hawai'i | Physician Services | $1,514,001 |
| Lucile Packard Childrens Hospital | Physician Services | $857,476 |
| Vista Staffing Sols Inc | Physician Services | $580,712 |
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Compare Kapiolani Medical Specialists
Frequently asked questions
- Is Kapiolani Medical Specialists a legitimate nonprofit?
- Yes. Kapiolani Medical Specialists is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 99-0322406, based in Honolulu, Hawaii. Donations are tax-deductible.
- What is Kapiolani Medical Specialists's EIN?
- Kapiolani Medical Specialists's Employer Identification Number (EIN) is 99-0322406.
- How much revenue does Kapiolani Medical Specialists report?
- Kapiolani Medical Specialists reported $354,430,283 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Kapiolani Medical Specialists's spending goes to programs?
- Kapiolani Medical Specialists spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kapiolani Medical Specialists have?
- CharityIndex grades Kapiolani Medical Specialists C+, based on program efficiency and fundraising cost.
- How much does Kapiolani Medical Specialists's highest-paid employee make?
- The highest reported compensation on Kapiolani Medical Specialists's latest Form 990 is $1,531,646, paid to Cass Nakasone Md (Physician).
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Data for Kapiolani Medical Specialists (EIN 99-0322406) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.