NASSAU COUNTY SCHOOLS COOPERATIVE WORKERS COMPENSATION SELF-INSURED TRUST (EIN 112937849) - 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

1987

Legal Domicile

Principal Officer

MR ANTHONY CEDRONE

Tax Period

2023-07-01 to 2024-06-30

NASSAU COUNTY SCHOOLS COOPERATIVE WORKERS COMPENSATION SELF-INSURED TRUST, founded in 1987, is a community nonprofit in the Mutual Benefit sector that reported $8.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE WORKERS' COMPENSATION COVERAGE FOR LONG ISLAND PUBLIC SCHOOL DISTRICTS THROUGH A PLAN OF SELF INSURANCE.

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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 $7,078,500

Investment Income $1,553,497

Other Revenue $3,332

TOTAL REVENUE $8,635,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,297

Fundraising Expenses $0

Program Expenses $7,849,393

Other Expenses $8,627,921

TOTAL EXPENSES $8,669,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,635,329	$8,487,435	+0.0%
Expenses	$8,669,218	$6,681,239	+0.3%
Net Income	$-33,889	$1,806,196	-1.0%

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

N/A

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

$41,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOSEPH DRAGONE	Treasurer	4.00	Officer	$41,297	$0	$41,297
MR MICHAEL VAN WART	Trustee	1.00	Director	$0	$0	$0
MS JOANNA DEMARTINO	Trustee	1.00	Director	$0	$0	$0
MS LINDA MACIAS	Trustee	1.00	Director	$0	$0	$0
MS SHARON DONNELLY	Trustee	1.00	Director	$0	$0	$0
MR SALVATORE CARAMBIA	Trustee	1.00	Director	$0	$0	$0
MS SUSAN UNNOLD	Trustee	1.00	Director	$0	$0	$0
MR VICTOR MANUEL	Vice President	1.00	Officer Director	$0	$0	$0
MR CHRIS CAPUTO	Trustee	1.00	Director	$0	$0	$0
MR RYAN BUTLER	Trustee	1.00	Director	$0	$0	$0
MR MICHAEL FRANK	Trustee	1.00	Director	$0	$0	$0
MS JACQUELINE REHAK	Trustee	1.00	Director	$0	$0	$0
MR ZACHARY NYBERG	Trustee	1.00	Director	$0	$0	$0
DR CHRIS DILLON	Trustee	1.00	Director	$0	$0	$0
MR ROBERT BARTELS	Trustee	1.00	Director	$0	$0	$0
MR GERARD ANTOINE	Trustee	1.00	Director	$0	$0	$0
MR JACK MITCHELL	Secretary	1.00	Officer Director	$0	$0	$0
MS MARCELA MORAN	Trustee	1.00	Director	$0	$0	$0
DR SAM GERGIS	Trustee	1.00	Director	$0	$0	$0
MR ANTHONY CEDRONE	President	1.00	Officer Director	$0	$0	$0
MS LORRAINE DUNKEL	Trustee	1.00	Director	$0	$0	$0
MS DANA DICAPUA	Trustee	1.00	Director	$0	$0	$0
MS MARIE DONNELLY	Trustee	1.00	Director	$0	$0	$0
MR SCOTT HARRINGTON	Trustee	1.00	Director	$0	$0	$0
MR MICHAEL GOLDBERG	Trustee	1.00	Director	$0	$0	$0
MS MARCY TANENBAUM	Trustee	1.00	Director	$0	$0	$0
MS SUSAN WARREN	Trustee	1.00	Director	$0	$0	$0

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	$8,635,329	$8,669,218	$29,737,411	$-33,889
2023	$8,487,435	$6,681,239	$27,127,639	$1,806,196
2022	$7,313,533	$7,056,123	$24,862,044	$257,410
2021	$6,879,614	$6,006,418	$23,419,850	$873,196
2020	$6,970,812	$5,277,954	$21,748,137	$1,692,858
2019	$6,718,601	$5,672,115	$20,662,638	$1,046,486

NASSAU COUNTY SCHOOLS COOPERATIVE WORKERS COMPENSATION SELF-INSURED TRUST