Building Service 32bj Health Fund
Only null% goes to programs Strong reserves
Building Service 32bj Health Fund is a 501(c)(5) organization based in New York, New York, registered in 2024, with $1,795,933,953 in FY2023 revenue. CharityIndex grades it A.
25 West 18th Street, New York, NY, 10011 EIN 13-2928869 Since 2024
Revenue (FY2023)
$1.8B
▼ 6.0% vs prior year
Employment median: $367K
Expenses (FY2023)
$1.6B
Net assets
$2.9B
Employees
803
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Building Service 32bj Health Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +8% 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 Building Service 32bj Health Fund: 21 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Building Service 32bj Health Fund: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Building Service 32bj Health Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health, death, life insurance, accidental death & dismemberment and long-term disability benefits to its eligible participants & dependents under collective bargaining.
Contact & location
- Address
- 25 West 18th Street, New York, NY, 10011
- City
- New York
- State
- New York
- Category
- Employment
- Subcategory
- Labor Unions & Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.0B (FY2013) to $1.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $75.5MNet assets $2.9B
Operating margin
8.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.0B
Total liabilities
$75.5M
Net assets
$2.9B
Salaries & benefits
$37.6M
2% of expenses
Board members
8
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,795,933,953▼6.0% | $1,643,426,374▲6.1% | $2,904,706,774▲13.1% | $2,980,252,468▲14.4% | 990 |
| 2022 | $1,910,589,345▲14.0% | $1,548,704,181▲1.6% | $2,567,242,097▲21.2% | $2,604,893,288▲20.8% | 990 |
| 2021 | $1,675,988,971▲1.2% | $1,523,738,206▲2.1% | $2,118,919,735▼3.4% | $2,157,230,396▼2.9% | 990 |
| 2020 | $1,656,759,440▲1.0% | $1,491,859,339▲7.6% | $2,193,371,224▲13.1% | $2,221,592,410▲14.2% | 990 |
| 2019 | $1,640,458,496▲5.9% | $1,386,401,099▲1.1% | $1,940,068,421▲22.9% | $1,946,002,872▲23.0% | 990 |
| 2018 | $1,548,540,481▲7.1% | $1,370,765,394▲9.1% | $1,578,982,224▲17.2% | $1,582,100,143▲17.1% | 990 |
| 2017 | $1,446,332,966▲13.4% | $1,256,198,362▲8.9% | $1,346,892,723▲18.0% | $1,350,753,304▲17.8% | 990 |
| 2016 | $1,275,377,884▲9.1% | $1,153,082,262▲6.1% | $1,141,686,588▲14.9% | $1,146,333,179▲14.2% | 990 |
| 2015 | $1,168,474,059▲5.4% | $1,087,112,049▲7.3% | $993,633,989▲10.4% | $1,004,070,331▲7.0% | 990 |
| 2014 | $1,108,836,381▲5.7% | $1,013,374,173▲3.1% | $900,152,511▲12.2% | $938,092,323▲11.5% | 990 |
| 2013 | $1,048,600,078 | $983,013,875▲1.6% | $802,401,653▲13.1% | $841,540,051▲14.2% | 990 |
| 2012 | — | $967,423,677▲18.1% | $709,573,817▲10.8% | $736,749,453▼3.6% | 990 |
| 2011 | — | $818,998,624▲6.6% | $640,244,718▲19.5% | $763,963,227▲15.7% | 990 |
| 2010 | — | $768,545,170▲13.1% | $535,618,921▲26.9% | $660,249,314▲20.1% | 990 |
| 2009 | — | $679,537,163 | $422,064,243 | $549,708,460 | 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: Peter Goldberger — $333,227 (0.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Peter Goldberger | Executive Director | 24.03 | $333,227 |
| Steve Jenkins | Director of Operations | 24.05 | $284,230 |
| Randi Farber | Director, Tech & Operations | 25.97 | $274,686 |
| Elaine Pommells | Dir. of Finance & Admin | 24.75 | $266,856 |
| Thomas Ormsby | Dir. of Billing & Employ. Svcs | 28.19 | $263,979 |
| Cora Opsahl | Health Fund, Director | 33.89 | $259,327 |
| Farnaz Tamari | Director, Dental Center | 35 | $249,496 |
| Richard Robbins | Director, It Infrastructure | 35 | $247,201 |
| Malgorzata Gapinska | Direcotr, Info. Management | 25.49 | $244,159 |
| Brooke Jenkins-lewis | Employer Trustee-eff 10/11/23 | 1 | — |
| Denis Johnston | Deputy Union Trustee | 1 | — |
| Elizabeth Baker | Deputy Union Trustee | 1 | — |
| Emmanuel Pastreich | Union Trustee - Chairman | 1 | — |
| Fred Surace | Deputy Er Trustee-eff 10/11/23 | 1 | — |
| Fred Ward | Employer Trustee - Thru 7/4/23 | 1 | — |
| Harry Weinberg | Deputy Employer Trustee | 1 | — |
| Howard I Rothschild | Employer Trustee | 1 | — |
| Jeffrey Brodsky | Deputy Er Trustee | 1 | — |
| John C Santora | Employer Trustee-thru 6/25/24 | 1 | — |
| John Santos | Union Trustee - Secy./treas. | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Schultheis Panettieri LLP | Payroll Auditor | $2,449,553 |
| Vitech Systems Group | Computer Consultant | $1,932,133 |
| Hh Graphic Printing Communications | Printing | $1,420,130 |
| Proskauer Rose LLP | Legal Services | $1,416,149 |
| Raab Sturm Ganchrow LLP | Legal Services | $1,104,324 |
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Compare Building Service 32bj Health Fund
Frequently asked questions
- Is Building Service 32bj Health Fund a legitimate nonprofit?
- Yes. Building Service 32bj Health Fund is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 13-2928869, based in New York, New York.
- What is Building Service 32bj Health Fund's EIN?
- Building Service 32bj Health Fund's Employer Identification Number (EIN) is 13-2928869.
- How much revenue does Building Service 32bj Health Fund report?
- Building Service 32bj Health Fund reported $1,795,933,953 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Building Service 32bj Health Fund have?
- CharityIndex grades Building Service 32bj Health Fund A, based on financial health (reserves and operating margin).
- How much does Building Service 32bj Health Fund's highest-paid employee make?
- The highest reported compensation on Building Service 32bj Health Fund's latest Form 990 is $333,227, paid to Peter Goldberger (Executive Director).
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Data for Building Service 32bj Health Fund (EIN 13-2928869) 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.