Liabilities ($954,021 in 2023) are very low relative to assets, suggesting strong financial health.
Clear focus on its core mission as a retirement benefit trust, with expenses primarily directed towards benefits and trust administration.
Spending Breakdown
How Granite State Electric Co Ret Ben Tr For Union Employees allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Granite State Electric Co Ret Ben Tr For Union Employees
Is Granite State Electric Co Ret Ben Tr For Union Employees a legitimate charity?
Based on AI analysis of IRS 990 filings, Granite State Electric Co Ret Ben Tr For Union Employees (EIN: 20460249) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Granite State Electric Co Ret Ben Tr For Union Employees a good charity to donate to?
Granite State Electric Co Ret Ben Tr For Union Employees has a Mission Score of 85/100. Revenue: $13.9M. Assets: $351.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Granite State Electric Co Ret Ben Tr For Union Employees?
The Employer Identification Number (EIN) for Granite State Electric Co Ret Ben Tr For Union Employees is 20460249. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Granite State Electric Co Ret Ben Tr For Union Employees spend its money?
Granite State Electric Co Ret Ben Tr For Union Employees allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Granite State Electric Co Ret Ben Tr For Union Employees's tax-exempt status?
You can verify Granite State Electric Co Ret Ben Tr For Union Employees's tax-exempt status using EIN 20460249 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Granite State Electric Co Ret Ben Tr For Union Employees operates as a retirement benefit trust, which inherently differs from traditional public charities in its financial structure and purpose. Its financial health appears stable with substantial assets totaling $351,584,764 in 2023, significantly outweighing its liabilities of $954,021. However, the organization experienced negative revenue of $-1,480,463 in 2023, following a substantial $46,584,354 in 2022 and $130,825,767 in 2021, indicating high volatility in its income streams, likely due to investment performance or specific trust activities rather than donor contributions.
Spending efficiency is difficult to assess using a typical program/admin/fundraising breakdown, as a retirement trust's 'program' spending is primarily benefit payouts and investment management. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator of cost control at the executive level. Given its nature as a trust, its transparency would primarily involve clear reporting of investment performance, benefit distributions, and administrative costs, which are generally covered in its 990 filings.
The significant fluctuations in revenue, including negative revenue in 2023, warrant closer examination to understand the underlying financial strategies and market dependencies. While assets remain robust, the variability in annual income and expenses suggests that its financial performance is heavily tied to market conditions and the specific mechanics of a retirement benefit trust, rather than predictable operational income. The absence of officer compensation is a notable strength in its operational cost structure.