Tri State Joint Fund
- Assets
- $32.4m
- Revenue
- $121.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Cheshire, CT
- Founding
- 09/1970
- Data as of
- 06/2022
- 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 06/2022, Tri State Joint Fund employed 11 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 06/2022, Tri State Joint Fund generated $121.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $121.7m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
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 11,546 MEMBERS PLUS THEIR DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Mcguire Employer Co-Chairman & Tru | Trustee | 4 | $14,000 |
Thomas Bayusik Union Trustee | Trustee | 1 | $0 |
Salvatore Abate Union Trustee | Trustee | 1 | $0 |
Timothy Casey Employer Trustee | Trustee | 1 | $0 |
Anthony Cappella Employer Trustee | Trustee | 1 | $0 |
Forrest Harvey Employer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Segal Company Actuarial | 6/29/22 | $325,761 |
Sm Esposito & Company Pc Accounting/auditing | 6/29/22 | $290,526 |
Change Healthcare Payment Mgmt Printing/mailing | 6/29/22 | $147,154 |
Robert M Cheverie & Assoc Legal | 6/29/22 | $321,324 |
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 | $121,373,559 |
| Investment income | $382,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,802,398 |
| 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 | $118,264,355 |
| Compensation of current officers, directors, key employees. | $167,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $670,209 |
| Pension plan accruals and contributions | $256,907 |
| Other employee benefits | $268,558 |
| Payroll taxes | $69,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320,820 |
| Fees for services: Accounting | $192,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,158 |
| Fees for services: Other | $447,336 |
| Advertising and promotion | $0 |
| Office expenses | $293,236 |
| Information technology | $180,204 |
| Royalties | $0 |
| Occupancy | $134,773 |
| Travel | $47,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,333 |
| Insurance | $51,410 |
| All other expenses | $0 |
| Total functional expenses | $121,692,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,532 |
| Savings and temporary cash investments | $3,384,101 |
| 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 | $50,784 |
| Net Land, buildings, and equipment | $139,724 |
| Investments—publicly traded securities | $18,146,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,583,176 |
| Total assets | $32,402,096 |
| Accounts payable and accrued expenses | $1,521,288 |
| 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 | $10,762,567 |
| Total liabilities | $12,283,855 |
| 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 | $20,118,241 |
| Total liabilities and net assets/fund balances | $32,402,096 |