TRI-STATE JOINT FUND (EIN 060850110) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

BEVAN SWEET

Phone

2032502601

Tax Period

2023-07-01 to 2024-06-30

TRI-STATE JOINT FUND, founded in 1968, is a major nonprofit that reported $143.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

SELF-INSURED HEALTH BENEFIT PLAN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $142,255,887

Investment Income $638,486

Other Revenue $94,344

TOTAL REVENUE $142,988,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,711,007

Fundraising Expenses $0

Other Expenses $3,259,211

TOTAL EXPENSES $144,382,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,988,717	$124,254,227	+0.2%
Expenses	$144,382,628	$125,327,371	+0.2%
Net Income	$-1,393,911	$-1,073,144	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$228,579

Total Directors

$100,794

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MCGUIRE	EMPLOYER CO-CHAIRMAN & TRU	4.00	Director	$24,000	$0	$26,100
THOMAS BAYUSIK	UNION TRUSTEE	1.00	Director	$0	$0	$0
SALVATORE ABATE	UNION TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY CASEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$13,300
FORREST HARVEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$7,700
EDWIN ROONEY	UNION TRUSTEE	1.00	Director	$0	$0	$9,100
ROBERT DIGIROLAMO	UNION TRUSTEE	1.00	Director	$0	$0	$0
GEORGE WIESENDANGER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FRANK ROSSI	UNION TRUSTEE	1.00	Director	$0	$0	$9,800
BRYAN DONOVAN JR	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SULLIVAN JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$4,900
LAWRENCE KEEFE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$9,800
BEVAN SWEET	UNION CO-CHAIRMAN	1.00	Director	$0	$0	$0
CRAIG MITCHELL	UNION TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS REUT	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$13,300
ROARK LEVINE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BLAIS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY LEPORE	UNION TRUSTEE	1.00	Director	$0	$0	$0
PAUL AYOUB	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GLENN BARKSDALE	UNION TRUSTEE	1.00	Director	$0	$0	$6,794
JAMES STACK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ZIOBROWSKI	UNION TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR BELL	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOE SAMOLIS	(FORMER) EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SHARON AGNELLO	EXECUTIVE DIRECTOR	40.00	Officer	$175,695	$52,884	$228,579
SUSAN KOSTEK	(FORMER) IT DIRECTOR	40.00	Highest	$115,395	$52,884	$168,279
ERIN FLAVIN	CLAIMS ADMINISTRATOR	40.00	Highest	$117,259	$52,884	$170,143

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$142,988,717	$144,382,628	$37,915,677	$-1,393,911
2023	$124,254,227	$125,327,371	$32,248,972	$-1,073,144
2022	$121,802,398	$121,692,929	$32,402,096	$109,469
2021	$116,738,191	$111,095,592	$32,141,360	$5,642,599
2020	$101,677,392	$100,625,539	$27,508,191	$1,051,853
2019	$105,951,135	$104,646,451	$25,624,574	$1,304,684
2018	$94,624,257	$93,225,063	$22,626,447	$1,399,194

TRI-STATE JOINT FUND