Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain
Post-retirement benefit trust shows fluctuating financial performance with no officer compensation.
EIN: 20460247 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.8M |
| Total Expenses | $56.6M |
| Program Spending | 90% |
| Net Assets | $146.3M |
| Transparency Score | 85/100 |
Is Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain (EIN: 20460247) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $44.8M and total assets of $162.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain is a large nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.4M |
| Total Expenses | $56.6M |
| Surplus / Deficit | $-36,207,806 |
| Total Assets | $146.8M |
| Total Liabilities | $429K |
| Net Assets | $146.3M |
| Operating Margin | -177.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 31.1 months |
Financial Health Grade: B
In 2022, Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain reported a deficit of $36.2M with expenses exceeding revenue, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -16.4% | +132.3% | -36.4% |
| 2021 | +81.7% | +14.8% | +2.7% |
| 2020 | +4.9% | -5.7% | +0.2% |
| 2019 | -30.3% | -7.0% | +7.2% |
| 2018 | -9.5% | +10.1% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated directly by the trust, which is a strong positive for financial stewardship.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain's IRS 990 filings:
- Significant deficit in 2022, with expenses ($56,625,578) more than double the revenue ($20,417,772).
Strengths
The following positive indicators were identified for Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain:
- Consistent 0% officer compensation across all reported periods, indicating strong financial stewardship.
- Long history of consistent IRS 990 filings (12 filings), demonstrating transparency.
- Generally low liabilities relative to assets, suggesting financial stability.
Frequently Asked Questions about Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain
Is Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain a legitimate charity?
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain (EIN: 20460247) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $44.8M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain spend its money?
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain tax-deductible?
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain is registered as a tax-exempt nonprofit (EIN: 20460247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain located?
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 20460247.
How many years of IRS 990 filings does Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain have?
Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $44.8M in total revenue.
What specific benefits does this trust provide to employees?
The IRS 990 data indicates it's a 'Post Ret Ben Tr For Emp Sub To Collect Bargain,' meaning it provides post-retirement benefits to employees subject to collective bargaining. The specific types of benefits (e.g., healthcare, pension) are not detailed in the provided summary data.
Why did expenses significantly exceed revenue in 2022 ($56,625,578 expenses vs. $20,417,772 revenue)?
The provided data does not offer a detailed explanation for the substantial deficit in 2022. This could be due to a large payout of benefits, investment losses, or other operational costs that year.
How are the trust's assets managed and invested?
The summary data does not provide details on asset management or investment strategies. Given the significant asset base (e.g., $162,628,204 latest assets), understanding investment performance would be crucial for long-term sustainability.
Filing History
IRS 990 filing history for Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain's revenue has grown by 10.2%, moving from $18.5M to $20.4M. Total assets decreased by 14.3% over the same period, from $171.3M to $146.8M. Total functional expenses rose by 205.1%, from $18.6M to $56.6M. In its most recent filing year (2022), Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain reported a deficit of $36.2M, with expenses exceeding revenue. The organization holds $429K in liabilities against $146.8M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $146.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $20.4M | $56.6M | $146.8M | $429K | — | View 990 |
| 2021 | $24.4M | $24.4M | $230.7M | $30K | — | View 990 |
| 2020 | $13.4M | $21.2M | $224.5M | $13K | — | View 990 |
| 2019 | $12.8M | $22.5M | $224.0M | $10K | — | — |
| 2018 | $18.4M | $24.2M | $209.0M | $703K | — | View 990 |
| 2017 | $20.3M | $22.0M | $239.5M | $7K | — | View 990 |
| 2016 | $20.9M | $21.2M | $221.0M | $8K | — | View 990 |
| 2015 | $17.9M | $23.6M | $218.0M | $11K | — | View 990 |
| 2014 | $26.5M | $22.1M | $238.7M | $545K | — | View 990 |
| 2013 | $41.2M | $23.9M | $240.0M | $0 | — | View 990 |
| 2012 | $31.9M | $20.1M | $199.1M | $58K | — | View 990 |
| 2011 | $18.5M | $18.6M | $171.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $20.4M, expenses of $56.6M, and assets of $146.8M (revenue -16.4% year-over-year).
- 2021: Revenue of $24.4M, expenses of $24.4M, and assets of $230.7M (revenue +81.7% year-over-year).
- 2020: Revenue of $13.4M, expenses of $21.2M, and assets of $224.5M (revenue +4.9% year-over-year).
- 2019: Revenue of $12.8M, expenses of $22.5M, and assets of $224.0M (revenue -30.3% year-over-year).
- 2018: Revenue of $18.4M, expenses of $24.2M, and assets of $209.0M (revenue -9.5% year-over-year).
- 2017: Revenue of $20.3M, expenses of $22.0M, and assets of $239.5M (revenue -2.7% year-over-year).
- 2016: Revenue of $20.9M, expenses of $21.2M, and assets of $221.0M (revenue +16.7% year-over-year).
- 2015: Revenue of $17.9M, expenses of $23.6M, and assets of $218.0M (revenue -32.4% year-over-year).
- 2014: Revenue of $26.5M, expenses of $22.1M, and assets of $238.7M (revenue -35.7% year-over-year).
- 2013: Revenue of $41.2M, expenses of $23.9M, and assets of $240.0M (revenue +29.2% year-over-year).
- 2012: Revenue of $31.9M, expenses of $20.1M, and assets of $199.1M (revenue +72.1% year-over-year).
- 2011: Revenue of $18.5M, expenses of $18.6M, and assets of $171.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain:
Data Sources and Methodology
This transparency report for Granite State Elec Co Post Ret Ben Tr For Emp Sub To Collect Bargain is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.