BUILDING SERVICE 32BJ HEALTH FUND (EIN 132928869) - 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

1978

Legal Domicile

Principal Officer

Peter Goldberger

Phone

2125392778

Tax Period

2023-07-01 to 2024-06-30

BUILDING SERVICE 32BJ HEALTH FUND, founded in 1978, is a large national nonprofit in the Employment sector that reported $1.8B in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.6B left a modest 8% surplus.

Mission

To provide health, death, life insurance, accidental death & dismemberment and long-term disability benefits to its eligible participants & dependents under collective bargaining.

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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 $1,745,905,244

Investment Income $37,082,788

Other Revenue $12,945,921

TOTAL REVENUE $1,795,933,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,627,904

Fundraising Expenses $0

Other Expenses $85,417,724

TOTAL EXPENSES $1,643,426,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,795,933,953	$1,910,589,345	-0.1%
Expenses	$1,643,426,374	$1,548,704,181	+0.1%
Net Income	$152,507,579	$361,885,164	-0.6%

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

803

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

$1,589,492

Total Directors

$3,830,135

Key Employees

$299,901

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD I ROTHSCHILD	EMPLOYER TRUSTEE	1.0	Director	$0	$120,000	$1,033,133
ROBERT SCHWARTZ	DEPUTY EMPLOYER TRUSTEE	1.0	Director	$0	$30,000	$441,119
PETER GOLDBERGER	EXECUTIVE DIRECTOR	24.03	Officer	$333,227	$43,530	$376,757
STEVE JENKINS	DIRECTOR OF OPERATIONS	24.05	Officer	$284,230	$41,570	$325,800
RANDI FARBER	DIRECTOR, TECH & OPERATIONS	25.97	Highest	$274,686	$41,188	$315,874
ELAINE POMMELLS	DIR. OF FINANCE & ADMIN	24.75	Officer	$266,856	$42,497	$309,353
THOMAS ORMSBY	DIR. OF BILLING & EMPLOY. SVCS	28.19	Highest	$263,979	$40,760	$304,739
CORA OPSAHL	HEALTH FUND, DIRECTOR	33.89	Key Emp	$259,327	$40,574	$299,901
HARRY WEINBERG	DEPUTY EMPLOYER TRUSTEE	1.0	Director	$0	$23,196	$298,071
EMMANUEL PASTREICH	UNION TRUSTEE - CHAIRMAN	1.0	Officer Director	$0	$69,278	$292,931
FARNAZ TAMARI	DIRECTOR, DENTAL CENTER	35.0	Highest	$249,496	$43,352	$292,848
RICHARD ROBBINS	DIRECTOR, IT INFRASTRUCTURE	35.0	Highest	$247,201	$40,089	$287,290
MALGORZATA GAPINSKA	DIRECOTR, INFO. MANAGEMENT	25.49	Highest	$244,159	$42,047	$286,206
JOHN SANTOS	UNION TRUSTEE - SECY./TREAS.	1.0	Officer Director	$0	$72,218	$284,651
ROB HILL	DEPUTY UNION TRUSTEE	1.0	Director	$0	$67,743	$259,176
KEVIN BROWN	DEPUTY UNION TRUSTEE	1.0	Director	$0	$65,084	$241,293
SHIRLEY ALDEBOL	UNION TRUSTEE	1.0	Director	$0	$65,084	$241,045
ELIZABETH BAKER	DEPUTY UNION TRUSTEE	1.0	Director	$0	$60,790	$239,589
DENIS JOHNSTON	DEPUTY UNION TRUSTEE	1.0	Director	$0	$65,084	$238,631
LENORE FRIEDLAENDER	DEPUTY UNION TRUSTEE	1.0	Director	$0	$65,674	$235,156
LARRY ENGELSTEIN	UNION TRUSTEE	1.0	Director	$0	$0	$25,340
BROOKE JENKINS-LEWIS	EMPLOYER TRUSTEE-EFF 10/11/23	1.0	Director	$0	$0	$0
FRED SURACE	DEPUTY ER TRUSTEE-EFF 10/11/23	1.0	Director	$0	$0	$0
JEFFREY BRODSKY	DEPUTY ER TRUSTEE	1.0	Director	$0	$0	$0
JOHN C SANTORA	EMPLOYER TRUSTEE-THRU 6/25/24	1.0	Director	$0	$0	$0
FRED WARD	EMPLOYER TRUSTEE - THRU 7/4/23	1.0	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
2025	No data	No data	No data	No data
2024	$1,795,933,953	$1,643,426,374	$2,980,252,468	$152,507,579
2023	$1,910,589,345	$1,548,704,181	$2,604,893,288	$361,885,164
2022	$1,675,988,971	$1,523,738,206	$2,157,230,396	$152,250,765
2021	$1,656,759,440	$1,491,859,339	$2,221,592,410	$164,900,101
2020	$1,640,458,496	$1,386,401,099	$1,946,002,872	$254,057,397
2019	$1,548,540,481	$1,370,765,394	$1,582,100,143	$177,775,087
2018	$1,446,332,966	$1,256,198,362	$1,350,753,304	$190,134,604

BUILDING SERVICE 32BJ HEALTH FUND