32BJ NORTH HEALTH FUND (EIN 131699839) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

ELAINE POMMELLS

Phone

2125392778

Tax Period

2023-01-01 to 2023-12-31

32BJ NORTH HEALTH FUND, founded in 1948, is a mid-sized nonprofit in the Mutual Benefit sector that reported $52.0M in total revenue in fiscal year 2023. Expenses of $48.0M left a modest 8% surplus.

Mission

ESTABLISHED TO PROVIDE HEALTH AND WELFARE BENEFITS TO COVERED MEMBERS OF LOCAL 32BJ AND THEIR ELIGIBLE DEPENDENTS ESTABLISHED BY A COLLECTIVE-BARGAINING AGREEMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $49,767,484

Investment Income $2,054,756

Other Revenue $217,380

TOTAL REVENUE $52,039,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,772,552

TOTAL EXPENSES $47,977,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,039,620	$50,259,072	+0.0%
Expenses	$47,977,298	$45,194,294	+0.1%
Net Income	$4,062,322	$5,064,778	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$274,131

Total Directors

$494,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirley Aldebol	TRUSTEE/CHAIR	0.5	Officer Director	$0	$66,283	$252,881
Elizabeth Baker	TRUSTEE	0.5	Director	$0	$62,150	$241,627
PETER GOLDBERGER	EXECUTIVE DIRECTOR	0.5	Officer	$9,356	$1,215	$10,571
STEVE JENKINS	DEPUTY EXECUTIVE DIRECTOR	0.62	Officer	$5,087	$751	$5,838
ELAINE POMMELLS	DIRECTOR OF FINANCE	0.31	Officer	$4,186	$655	$4,841
WILLIAM SCHUR	TRUSTEE/SECRETARY	0.5	Officer Director	$0	$0	$0
RICHARD BERGER	TRUSTEE	0.5	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$52,039,620	$47,977,298	$59,854,991	$4,062,322
2022	$50,259,072	$45,194,294	$52,989,187	$5,064,778
2021	$50,215,103	$45,299,024	$54,056,871	$4,916,079
2020	$46,710,968	$43,575,940	$49,144,644	$3,135,028
2019	$47,147,776	$45,361,821	$44,166,455	$1,785,955
2018	$45,094,147	$40,197,903	$39,065,272	$4,896,244

32BJ NORTH HEALTH FUND