32BJ LABOR INDUSTRY COOPERATION TRUST FUND

EIN: 882441229 Employment

NEW YORK, NY

Total Revenue
$2,000,000
Total Expenses
$2,519,076
Total Assets
$2,041,372
Net Assets
$1,710,463
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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
2022
Legal Domicile
NY
Principal Officer
EMMANUEL PASTREICH
Phone
2123882135
Tax Period
2024-07-01 to 2025-06-30

32BJ LABOR INDUSTRY COOPERATION TRUST FUND, founded in 2022, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

CONTAINMENT OF HEALTH CARE COSTS, INCLUDING HEALTH CARE PRICING, FOR THE BENEFIT OF THE UNION MEMBERSHIP AND EMPLOYERS IN NEW YORK CITY AND SURROUNDING AREAS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,000,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,000,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,519,076
TOTAL EXPENSES $2,519,076

Year-over-Year Comparison

2024 2023 Change
Revenue $2,000,000 $1,000,000 +1.0%
Expenses $2,519,076 $1,297,756 +0.9%
Net Income $-519,076 $-297,756 +0.7%
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

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Governance

Voting Members
8
Independent Members
1
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
5
$2,945,442
Total Directors
8
$2,847,984
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD I ROTHSCHILD EMPLOYER TRUSTEE - SECRETARY 1.0
Officer Director
$0 $23,892 $1,595,482
ROBERT SCHWARTZ EMPLOYER TRUSTEE 1.0
Director
$0 $23,892 $573,616
PETER GOLDBERGER EXECUTIVE DIRECTOR 1.0
Officer
$0 $41,186 $385,258
FARNAZ TAMARI DIRECTOR, DENTAL CENTER 0.0
Highest
$0 $40,707 $347,218
STEVE JENKINS DIRECTOR OF OPERATIONS 0.0
Officer
$0 $39,457 $340,303
ELAINE POMMELLS DIR. OF FINANCE & ADMIN 1.0
Officer
$0 $40,086 $329,622
RANDI FARBER DIRECTOR, TECH & OPERATIONS 0.0
Highest
$0 $38,838 $324,222
ANTONIO RODRIGUEZ DIRECTOR OF INVESTMENTS 0.0
Highest
$0 $38,831 $324,024
THOMAS ORMSBY DIR. OF BILLING & EMPLOY. SVCS 0.0
Highest
$0 $38,415 $313,223
CORA OPSAHL HEALTH FUND, DIRECTOR 0.0
Highest
$0 $38,139 $306,036
EMMANUEL PASTREICH UNION TRUSTEE - CHAIRMAN 1.0
Officer Director
$0 $66,757 $294,777
CANDIS TALL UNION TRUSTEE 1.0
Director
$0 $55,693 $238,057
DEANDRA KHAN UNION TRUSTEE 1.0
Director
$0 $0 $117,519
LARRY ENGELSTEIN UNION TRUSTEE 1.0
Director
$0 $0 $28,533
MICHAEL BADOWSKI EMPLOYER TRUSTEE 1.0
Director
$0 $0 $0
ANDREW HOFFMAN EMPLOYER TRUSTEE 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 $2,000,000 $2,519,076 $2,041,372 $-519,076
2024 $1,000,000 $1,297,756 $2,514,508 $-297,756
2023 $4,000,000 $1,472,705 $2,804,995 $2,527,295
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