Service Employees 32 Bj North Health Fund
Service Employees 32 Bj North Health Fund consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 131699839 · New York, NY · NTEE: Y43 · Updated: 2026-03-28
Is Service Employees 32 Bj North Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Service Employees 32 Bj North Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Service Employees 32 Bj North Health Fund
Service Employees 32 Bj North Health Fund (EIN: 131699839) is a nonprofit organization based in New York, NY, classified under NTEE code Y43. The organization reported total revenue of $82.8M and total assets of $73.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Service Employees 32 Bj North Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Service Employees 32 Bj North Health Fund is a major nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52.0M |
| Total Expenses | $48.0M |
| Surplus / Deficit | +$4.1M |
| Total Assets | $59.9M |
| Total Liabilities | $1.6M |
| Net Assets | $58.2M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Service Employees 32 Bj North Health Fund reported a surplus of $4.1M with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Service Employees 32 Bj North Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +6.2% | +13.0% |
| 2022 | +0.1% | -0.2% | -2.0% |
| 2021 | +7.5% | +4.0% | +10.0% |
| 2020 | -0.9% | -3.9% | +11.3% |
| 2019 | +4.6% | +12.8% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Service Employees 32 Bj North Health Fund with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Service Employees 32 Bj North Health Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $4.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid by the fund directly or compensated through other means not reported as officer compensation on the 990, which is unusual for an organization of its size with revenues exceeding $50 million annually.
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.
Red Flags
The following concerns were identified during AI analysis of Service Employees 32 Bj North Health Fund's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may obscure how leadership is compensated or if there are related party transactions.
- Lack of detailed program spending breakdown in the provided summary makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Service Employees 32 Bj North Health Fund:
- Consistent financial surpluses, with revenue exceeding expenses in most reported periods.
- Strong asset growth, indicating sound financial management and accumulation of reserves (e.g., assets grew from $26M in 2014 to $59M in 2023).
- Low liabilities relative to assets, demonstrating financial stability and low debt burden.
- Robust filing history with 14 IRS 990 filings, indicating good transparency practices.
- No reported officer compensation, which could be seen as a strength in terms of direct cost efficiency, though it warrants further investigation.
Frequently Asked Questions about Service Employees 32 Bj North Health Fund
Is Service Employees 32 Bj North Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Service Employees 32 Bj North Health Fund (EIN: 131699839) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Service Employees 32 Bj North Health Fund spend its money?
Service Employees 32 Bj North Health Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Service Employees 32 Bj North Health Fund tax-deductible?
Service Employees 32 Bj North Health Fund is registered as a tax-exempt nonprofit (EIN: 131699839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to report 0% officer compensation given its scale?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executives are compensated by an affiliated entity, are volunteers, or their compensation is categorized differently within the expense structure, not as direct officer pay from the fund itself.
What are the primary program services provided by the fund?
Based on its NTEE code (Y43 - Employee Benefit Organizations) and name, the fund likely provides health benefits and related services to employees. A detailed breakdown of these services would require reviewing the full 990 forms.
Is the consistent revenue surplus being used to expand services or build reserves?
The consistent surpluses, such as the $4,062,322 surplus in 2023 ($52,039,620 revenue - $47,977,298 expenses), contribute to the significant growth in assets, which increased from $26,156,916 in 2014 to $59,854,991 in 2023. This suggests a strategy of building reserves and potentially investing for future benefit provision.
Filing History
IRS 990 filing history for Service Employees 32 Bj North Health Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Service Employees 32 Bj North Health Fund's revenue has grown by 60.5%, moving from $32.4M to $52.0M. Total assets increased by 110.8% over the same period, from $28.4M to $59.9M. Total functional expenses rose by 56.2%, from $30.7M to $48.0M. In its most recent filing year (2023), Service Employees 32 Bj North Health Fund reported a surplus of $4.1M, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $59.9M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $58.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52.0M | $48.0M | $59.9M | $1.6M | — | — |
| 2022 | $50.3M | $45.2M | $53.0M | $1.4M | — | View 990 |
| 2021 | $50.2M | $45.3M | $54.1M | $1.3M | — | View 990 |
| 2020 | $46.7M | $43.6M | $49.1M | $221K | — | View 990 |
| 2019 | $47.1M | $45.4M | $44.2M | $519K | — | — |
| 2018 | $45.1M | $40.2M | $39.1M | $136K | — | View 990 |
| 2017 | $42.0M | $39.6M | $36.0M | $163K | — | View 990 |
| 2016 | $42.5M | $39.2M | $32.5M | $304K | — | View 990 |
| 2015 | $39.5M | $36.2M | $28.7M | $580K | — | View 990 |
| 2014 | $37.0M | $38.5M | $26.2M | $660K | — | View 990 |
| 2013 | $36.3M | $38.9M | $27.0M | $190K | — | View 990 |
| 2012 | $33.9M | $33.1M | $30.1M | $4.6M | — | View 990 |
| 2011 | $32.5M | $32.3M | $28.9M | $4.6M | — | View 990 |
| 2010 | $32.4M | $30.7M | $28.4M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52.0M, expenses of $48.0M, and assets of $59.9M (revenue +3.5% year-over-year).
- 2022: Revenue of $50.3M, expenses of $45.2M, and assets of $53.0M (revenue +0.1% year-over-year).
- 2021: Revenue of $50.2M, expenses of $45.3M, and assets of $54.1M (revenue +7.5% year-over-year).
- 2020: Revenue of $46.7M, expenses of $43.6M, and assets of $49.1M (revenue -0.9% year-over-year).
- 2019: Revenue of $47.1M, expenses of $45.4M, and assets of $44.2M (revenue +4.6% year-over-year).
- 2018: Revenue of $45.1M, expenses of $40.2M, and assets of $39.1M (revenue +7.4% year-over-year).
- 2017: Revenue of $42.0M, expenses of $39.6M, and assets of $36.0M (revenue -1.3% year-over-year).
- 2016: Revenue of $42.5M, expenses of $39.2M, and assets of $32.5M (revenue +7.6% year-over-year).
- 2015: Revenue of $39.5M, expenses of $36.2M, and assets of $28.7M (revenue +6.8% year-over-year).
- 2014: Revenue of $37.0M, expenses of $38.5M, and assets of $26.2M (revenue +1.8% year-over-year).
- 2013: Revenue of $36.3M, expenses of $38.9M, and assets of $27.0M (revenue +7.3% year-over-year).
- 2012: Revenue of $33.9M, expenses of $33.1M, and assets of $30.1M (revenue +4.2% year-over-year).
- 2011: Revenue of $32.5M, expenses of $32.3M, and assets of $28.9M (revenue +0.2% year-over-year).
- 2010: Revenue of $32.4M, expenses of $30.7M, and assets of $28.4M.
Data Sources and Methodology
This transparency report for Service Employees 32 Bj North Health Fund 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.