Tri State Joint Fund
- Assets
- $32.1m
- Revenue
- $116.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Cheshire, CT
- Founding
- 09/1970
- Data as of
- 06/2021
- EIN
- 06-0850110
Organization Overview
Tri State Joint Fund is located in Cheshire, CT. The organization was established in 1970. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2021, Tri State Joint Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri State Joint Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Tri State Joint Fund generated $116.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $111.1m during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SELF-INSURED HEALTH BENEFIT PLAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND OPERATES UNDER A TRUST AGREEMENT FOR THE PURPOSEOF MAKING BENEFIT PAYMENTS TO MEMBERS OF THE TRI-STATETEAMSTERS HEALTH SERVICES & INSURANCE PLAN, THESE BENEFITS COVER HOSPITAL,SURGICAL, PRESCRIPTION DRUG, HOME HEALTH CARE AND DEATH BENEFITS FOR 11,609 MEMBERS PLUS THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Agnello Executive Director | Officer | 40 | $144,244 |
Susan Kostek It Director | 40 | $111,852 | |
Thomas Bayusik Union Trustee | Trustee | 1 | $0 |
Victor Santiago Union Trustee | Trustee | 1 | $0 |
Bevan Sweet Union Trustee | Trustee | 1 | $0 |
Nicholas Reut Employer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert M Cheverie & Assoc Legal | 6/29/21 | $313,975 |
Sm Esposito & Company Pc Accounting/auditing | 6/29/21 | $284,280 |
Change Healthcare Payment Mgmt Printing/mailing | 6/29/21 | $153,166 |
The Segal Company Actuarial | 6/29/21 | $310,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $111,601,111 |
| Investment income | $195,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,940,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,738,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $108,065,249 |
| Compensation of current officers, directors, key employees. | $259,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,154 |
| Pension plan accruals and contributions | $241,528 |
| Other employee benefits | $243,232 |
| Payroll taxes | $60,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,975 |
| Fees for services: Accounting | $176,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,346 |
| Fees for services: Other | $428,364 |
| Advertising and promotion | $0 |
| Office expenses | $253,798 |
| Information technology | $157,008 |
| Royalties | $0 |
| Occupancy | $140,894 |
| Travel | $12,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,885 |
| Insurance | $46,548 |
| All other expenses | $0 |
| Total functional expenses | $111,095,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,369 |
| Savings and temporary cash investments | $6,457,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,800 |
| Net Land, buildings, and equipment | $152,528 |
| Investments—publicly traded securities | $20,175,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500,612 |
| Total assets | $32,141,360 |
| Accounts payable and accrued expenses | $1,189,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,631,047 |
| Total liabilities | $9,820,746 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,320,614 |
| Total liabilities and net assets/fund balances | $32,141,360 |