Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary
Hawaiian Airlines Pilots VEBA maintains strong financial growth with zero reported officer compensation.
EIN: 208014489 · Seattle, WA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $3.0M |
| Program Spending | 95% |
| Net Assets | $46.9M |
| Transparency Score | 90/100 |
Is Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary (EIN: 208014489) is a nonprofit organization based in Seattle, WA, classified under NTEE code Y43. The organization reported total revenue of $5.5M and total assets of $48.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $46.9M |
| Total Liabilities | $2K |
| Net Assets | $46.9M |
| Operating Margin | 38.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.1 months |
Financial Health Grade: A
In 2023, Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary reported a surplus of $1.9M with revenue exceeding expenses, holds 185.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +56.2% | +17.6% |
| 2022 | -7.2% | +31.0% | -10.6% |
| 2021 | -0.2% | -18.8% | +15.3% |
| 2020 | +3.6% | -13.7% | +18.9% |
| 2019 | +10.4% | +23.4% | +23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated through salaries from the organization, which is highly favorable for beneficiaries and suggests efficient management of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary:
- Consistent revenue growth, with latest revenue at $5,517,016.
- Strong asset accumulation, reaching $48,043,744 in the latest period.
- Expenses consistently well below revenue, indicating sound financial management (e.g., 202312 revenue $4,909,614 vs. expenses $3,043,303).
- Zero reported officer compensation across all filings, demonstrating efficient use of funds for its intended purpose.
- Very low liabilities in most periods, indicating strong financial health and minimal debt.
Frequently Asked Questions about Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary
Is Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary a legitimate charity?
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary (EIN: 208014489) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary spend its money?
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary tax-deductible?
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary is registered as a tax-exempt nonprofit (EIN: 208014489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary located?
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary is headquartered in Seattle, Washington and files with the IRS under EIN 208014489. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary have?
Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.5M in total revenue.
What specific benefits does the VEBA provide to Hawaiian Airlines pilots?
As a Voluntary Employee Beneficiary Association (VEBA), this organization is established to provide health and welfare benefits to its members, which in this case are Hawaiian Airlines pilots. The specific types of benefits (e.g., medical, dental, life insurance) would be detailed in the organization's trust documents, not typically in the public 990 filings.
How does the organization manage its significant asset base of over $48 million?
The organization's substantial asset base is likely managed through investments to ensure long-term sustainability and growth for future benefit disbursements. Details on investment strategies and portfolio performance would typically be found in internal financial statements rather than the summary 990 data.
Are there any risks associated with the organization's financial structure or operations?
Given its consistent revenue exceeding expenses and growing asset base, the immediate financial risk appears low. However, like any benefit fund, it could be susceptible to market fluctuations affecting investments or changes in the number of beneficiaries and their benefit claims. The low liabilities across most years suggest good financial control.
Filing History
IRS 990 filing history for Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary's revenue has grown by 151.1%, moving from $2.0M to $4.9M. Total assets increased by 375% over the same period, from $9.9M to $46.9M. Total functional expenses rose by 358.3%, from $664K to $3.0M. In its most recent filing year (2023), Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $2K in liabilities against $46.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $3.0M | $46.9M | $2K | — | — |
| 2022 | $3.8M | $1.9M | $39.9M | $7K | — | View 990 |
| 2021 | $4.1M | $1.5M | $44.6M | $4K | — | View 990 |
| 2020 | $4.1M | $1.8M | $38.7M | $14K | — | — |
| 2019 | $3.9M | $2.1M | $32.5M | $13K | — | View 990 |
| 2018 | $3.6M | $1.7M | $26.4M | $27K | — | View 990 |
| 2017 | $3.2M | $1.3M | $26.1M | $10K | — | View 990 |
| 2016 | $2.9M | $1.2M | $24.8M | $3.1M | — | View 990 |
| 2015 | $2.8M | $1.1M | $21.9M | $2.9M | — | View 990 |
| 2014 | $2.8M | $911K | $17.7M | $1K | — | View 990 |
| 2013 | $2.8M | $835K | $15.1M | $21K | — | View 990 |
| 2012 | $2.4M | $754K | $12.4M | $700 | — | View 990 |
| 2011 | $2.0M | $664K | $9.9M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $3.0M, and assets of $46.9M (revenue +29.8% year-over-year).
- 2022: Revenue of $3.8M, expenses of $1.9M, and assets of $39.9M (revenue -7.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $1.5M, and assets of $44.6M (revenue -0.2% year-over-year).
- 2020: Revenue of $4.1M, expenses of $1.8M, and assets of $38.7M (revenue +3.6% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.1M, and assets of $32.5M (revenue +10.4% year-over-year).
- 2018: Revenue of $3.6M, expenses of $1.7M, and assets of $26.4M (revenue +12.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $1.3M, and assets of $26.1M (revenue +10.9% year-over-year).
- 2016: Revenue of $2.9M, expenses of $1.2M, and assets of $24.8M (revenue +1.6% year-over-year).
- 2015: Revenue of $2.8M, expenses of $1.1M, and assets of $21.9M (revenue +0.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $911K, and assets of $17.7M (revenue +1.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $835K, and assets of $15.1M (revenue +14.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $754K, and assets of $12.4M (revenue +23.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $664K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary:
Data Sources and Methodology
This transparency report for Hawaiian Airlines Inc Pilots Voluntary Employee Beneficiary is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.