EASTERN STATES JOINT BOARD (EIN 462849057) - 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

2013

Legal Domicile

Principal Officer

JOSEPH GIOVINCO

Phone

5168251851

Tax Period

2024-01-01 to 2024-12-31

EASTERN STATES JOINT BOARD, founded in 2013, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $1.2M, a strong 20% operating margin.

Mission

JOINT BOARD OF LOCAL UNIONS THAT ORGANIZE LABOR AND REPRESENT MEMBERS WITH LABOR ISSUES. THE BOARD PAYS THE PAYROLL AND ADMINISTRATIVE EXPENSES AND THEN CHARGES EACH LOCAL THEIR SHARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $803,004

Investment Income $230,284

Other Revenue $4,920,641

TOTAL REVENUE $5,953,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,212,615

Fundraising Expenses $0

Other Expenses $1,551,777

TOTAL EXPENSES $4,764,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,953,929	$6,824,514	-0.1%
Expenses	$4,764,392	$5,945,031	-0.2%
Net Income	$1,189,537	$879,483	+0.4%

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

N/A

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

$725,575

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR LAGRECA	PRESIDENT	0.20	Officer	$144,196	$36,049	$180,245
JOSEPH GIOVINCO	SECRETARY-TREASURER	0.20	Officer	$162,428	$40,607	$203,035
COSMO LUBRANO	EXECUTIVE BOARD	0.20	Officer	$153,950	$38,487	$192,437
NICOLE JEAN-CHARLES	V.P.	0.20	Officer	$53,329	$13,332	$66,661
ANGELA DIGIOVANNI	REC-SECY	0.20	Officer	$66,558	$16,639	$83,197

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
2024	$5,953,929	$4,764,392	$4,166,101	$1,189,537
2023	$6,824,514	$5,945,031	$2,976,564	$879,483
2022	$5,808,430	$5,339,143	$2,097,081	$469,287
2021	$4,267,957	$3,264,116	$2,021,138	$1,003,841
2020	$3,784,277	$3,407,155	$1,017,297	$377,122
2019	$4,305,297	$4,186,333	$685,406	$118,964
2018	$3,545,446	$3,278,545	$566,442	$266,901

EASTERN STATES JOINT BOARD