Tri State Joint Fund FY2020 filing

Not tax-deductible

Cheshire, CTMutual-benefit / member-servingSince 1968EIN 06-0850110

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Provide self-insured health and welfare benefits to members covered under collective bargaining agreements negotiated by teamster locals.

$241K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $867K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$241K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.3M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$101.7M
Spent
$100.6M
Net assets
$18.2M
By yearFY2020–FY2024
Revenue
$101.7M
FY2020
Revenue by fiscal year
FY2020$101.7M
FY2021$116.7M
FY2022$121.8M
FY2023$124.3M
FY2024$143.0M
FY2024$149.4M
Expenses
$100.6M
FY2020
Expenses by fiscal year
FY2020$100.6M
FY2021$111.1M
FY2022$121.7M
FY2023$125.3M
FY2024$144.4M
FY2024$149.1M
Net assets
$18.2M
FY2020
Net assets by fiscal year
FY2020$18.2M
FY2021$22.3M
FY2022$20.1M
FY2023$21.1M
FY2024$21.0M
FY2024$22.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

31 people listed on the 990; $241K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$134,991Pt VII · Sec A
IT Director
$105,931Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Employer Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A
Union Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sharon Agnello$193,704$175,695$153,813$145,726$144,244$134,991
Erin Flavin$127,240$117,259$114,248———
Susan Kostek—$115,395$116,089$106,498$111,852$105,931
Dennis McGuire$25,000$24,000$20,000$14,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tri State Joint Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides self-insured health benefit plans for employers.

Provided by the organization

This section is blank until Tri State Joint Fund claims this page.

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1 program service, described in the organization's own filed words · FY2019.
01

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 11,701 members plus their dependents.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$101.7M
Ln 12
Fees for servicesLn 2g$100.8M
Investment incomeLn 3$795K
Other incomeLn 4–11$63K
Money outPt IX
$100.6M
Ln 25
Owns and owesPt X
$18.2M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$27.5M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
31
listed · VII A
PaidVII A2
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$100.8M
Investment incomeLn 3$795K
Other incomeLn 4–11$63K
Gains on assetsLn 7$494K
Total revenueLn 12$101.7M
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$7.1M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$15.0M
Land, buildings, equipmentLn 10c$128K
Other assetsLn 15$5.1M
Total assetsLn 16$27.5M
LiabilitiesLn 26$9.3M
Net assetsLn 32$18.2M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.7M$7.2M
InvestmentsLn 11–13$14.0M$15.0M
Land, buildings, equipmentLn 10c$139K$128K
Total assetsLn 16$25.6M$27.5M
LiabilitiesLn 26$8.7M$9.3M
Net assetsLn 32$16.9M$18.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$97.6M
Other salaries and wagesLn 7$709K
Pension plan contributionsLn 8$242K
Other employee benefitsLn 9$234K
Payroll taxesLn 10$59K
Legal feesLn 11b$322K
Accounting feesLn 11c$176K
Investment management feesLn 11f$59K
Other fees for servicesLn 11g$410K
Office expensesLn 13$260K
Information technologyLn 14$152K
OccupancyLn 16$129K
TravelLn 17$28K
Conferences, conventions and meetingsLn 19$25K
Depreciation, depletion and amortizationLn 22$22K
InsuranceLn 23$50K
Other expenses (24a–d)Ln 24$142K
Total functional expensesLn 25$100.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $143.0M$144.4M−$1.4M$21.0M 990 PDF
FY2023 $124.3M$125.3M−$1.1M$21.1M 990 PDF
FY2022 $121.8M$121.7M$109K$20.1M 990 PDF
FY2021 $116.7M$111.1M$5.6M$22.3M 990 PDF
FY2020 Viewing $101.7M$100.6M$1.1M$18.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $101,677,392 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,819,391$100,819,391
VIII-3 Investment incomeExcluded from tax $300,772$300,772
VIII-7 Net gain or loss on sales of assetsExcluded from tax $494,216$494,216
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $63,013$63,013
VIII-12 Total revenueRelated to mission $100,882,404 · Unrelated business $0 · Excluded from tax $794,988$101,677,392
Part IX · Statement of functional expenses $100,625,539 across 17 lines filed
IX-4 Benefits paid to or for members$97,605,952
IX-7 Other salaries and wages$708,772
IX-8 Pension plan contributions$241,730
IX-9 Other employee benefits$234,067
IX-10 Payroll taxes$59,085
IX-11b Legal fees$321,766
IX-11c Accounting fees$176,280
IX-11f Investment management fees$59,253
IX-11g Other fees for services$410,203
IX-13 Office expenses$260,028
IX-14 Information technology$151,585
IX-16 Occupancy$129,025
IX-17 Travel$28,404
IX-19 Conferences, conventions and meetings$24,993
IX-22 Depreciation, depletion and amortization$22,453
IX-23 Insurance$50,213
IX-24 Other expenses (24a–d)$141,730
IX-25 Total functional expenses$100,625,539
Part X · Balance sheet $27,508,191 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $105,258$101,752
X-2 Savings and temporary cash investmentsStart of year $3,606,676$7,080,257
X-9 Prepaid expenses and deferred chargesStart of year $52,317$77,074
X-10c Land, buildings and equipment, netStart of year $139,064$128,165
X-11 Publicly traded securitiesStart of year $14,011,047$15,014,895
X-15 Other assetsStart of year $7,710,212$5,106,048
X-16 Total assetsStart of year $25,624,574$27,508,191
X-17 Accounts payable and accrued expensesStart of year $1,184,113$1,066,949
X-25 Other liabilitiesStart of year $7,543,739$8,261,557
X-26 Total liabilitiesStart of year $8,727,852$9,328,506
X-32 Total net assets or fund balancesStart of year $16,896,722$18,179,685
X-33 Total liabilities and net assetsStart of year $25,624,574$27,508,191
Part XI · Reconciliation of net assets $18,179,685 net assets at year end
XI-1 Total revenue$101,677,392
XI-2 Total expenses$100,625,539
XI-3 Revenue less expenses$1,051,853
XI-4 Net assets at start of year$16,896,722
XI-5 Net unrealized gains (losses) on investments$231,110
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,179,685

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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