Granite State Electric Company Post Retirement Benefit Trust For The
Granite State Electric Company Post Retirement Benefit Trust maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 133751306 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $408K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $33.2 |
| Net Assets | $33.3M |
| Transparency Score | 95/100 |
Is Granite State Electric Company Post Retirement Benefit Trust For The Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite State Electric Company Post Retirement Benefit Trust For The directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Electric Company Post Retirement Benefit Trust For The
Granite State Electric Company Post Retirement Benefit Trust For The (EIN: 133751306) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $3.9M and total assets of $33.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Electric Company Post Retirement Benefit Trust For The's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Electric Company Post Retirement Benefit Trust For The is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $408K |
| Surplus / Deficit | +$837K |
| Total Assets | $33.3M |
| Net Assets | $33.3M |
| Operating Margin | 67.2% |
| Months of Reserves | 977.1 months |
Financial Health Grade: A
In 2023, Granite State Electric Company Post Retirement Benefit Trust For The reported a surplus of $837K with revenue exceeding expenses, holds 977.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Granite State Electric Company Post Retirement Benefit Trust For The's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.9% | -82.3% | +2.6% |
| 2022 | +10.1% | +13.3% | +2.3% |
| 2021 | +100.3% | -7.7% | +2.3% |
| 2020 | -36.1% | +3.0% | -2.6% |
| 2019 | -43.1% | +4.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Electric Company Post Retirement Benefit Trust For The with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Granite State Electric Company Post Retirement Benefit Trust For The allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $837K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the trust, which is highly unusual for an organization of this asset size ($33.2 million). This suggests that administrative functions may be handled by an external entity or are entirely volunteer-based, or that the trust's purpose does not involve direct compensation to its fiduciaries.
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.
Strengths
The following positive indicators were identified for Granite State Electric Company Post Retirement Benefit Trust For The:
- Consistent asset growth, reaching $33,258,823 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial stability.
- 0% officer compensation reported, suggesting efficient use of funds for its intended purpose.
- High program spending efficiency, with expenses often significantly lower than revenue.
- Clear and consistent financial reporting over a long period (13 filings).
Frequently Asked Questions about Granite State Electric Company Post Retirement Benefit Trust For The
Is Granite State Electric Company Post Retirement Benefit Trust For The a legitimate charity?
Based on AI analysis of IRS 990 filings, Granite State Electric Company Post Retirement Benefit Trust For The (EIN: 133751306) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Granite State Electric Company Post Retirement Benefit Trust For The spend its money?
Granite State Electric Company Post Retirement Benefit Trust For The directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Granite State Electric Company Post Retirement Benefit Trust For The tax-deductible?
Granite State Electric Company Post Retirement Benefit Trust For The is registered as a tax-exempt nonprofit (EIN: 133751306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Granite State Electric Company Post Retirement Benefit Trust For The CEO make?
Granite State Electric Company Post Retirement Benefit Trust For The's highest-compensated officer earns $33.2 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Granite State Electric Company Post Retirement Benefit Trust For The compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Granite State Electric Company Post Retirement Benefit Trust For The is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite State Electric Company Post Retirement Benefit Trust For The located?
Granite State Electric Company Post Retirement Benefit Trust For The is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 133751306. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Granite State Electric Company Post Retirement Benefit Trust For The have?
Granite State Electric Company Post Retirement Benefit Trust For The has 13 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 $3.9M in total revenue.
What specific post-retirement benefits does this trust administer?
Based on the NTEE code Y43 and the organization's name, it administers pension, retirement, or other employee benefits for the Granite State Electric Company. The filings do not detail the specific types of benefits.
Who manages the trust's assets and operations given 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting that management may be provided by a related corporate entity, a third-party administrator, or through uncompensated fiduciaries. The IRS 990 does not provide further detail on this structure.
How does the trust generate its revenue?
Revenue fluctuates significantly year-to-year (e.g., $8,002,043 in 2014 vs. $1,245,715 in 2023), which is typical for investment-based trusts. It likely comes from investment returns on its substantial asset base and potentially contributions from the sponsoring company.
Filing History
IRS 990 filing history for Granite State Electric Company Post Retirement Benefit Trust For The showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Granite State Electric Company Post Retirement Benefit Trust For The's revenue has grown by 27.6%, moving from $976K to $1.2M. Total assets increased by 166.2% over the same period, from $12.5M to $33.3M. Total functional expenses fell by 64.3%, from $1.1M to $408K. In its most recent filing year (2023), Granite State Electric Company Post Retirement Benefit Trust For The reported a surplus of $837K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $408K | $33.3M | $0 | — | — |
| 2022 | $3.0M | $2.3M | $32.4M | $0 | — | View 990 |
| 2021 | $2.8M | $2.0M | $31.7M | $0 | — | View 990 |
| 2020 | $1.4M | $2.2M | $31.0M | $0 | — | View 990 |
| 2019 | $2.2M | $2.1M | $31.8M | $0 | — | — |
| 2018 | $3.8M | $2.1M | $31.8M | $0 | — | View 990 |
| 2017 | $4.5M | $2.4M | $30.1M | $0 | — | View 990 |
| 2016 | $6.3M | $1.8M | $28.0M | $0 | — | View 990 |
| 2015 | $4.7M | $1.5M | $23.5M | $0 | — | View 990 |
| 2014 | $8.0M | $744K | $20.3M | $0 | — | View 990 |
| 2013 | $2.8M | $1.4M | $13.0M | $0 | — | View 990 |
| 2012 | $307K | $1.2M | $11.6M | $0 | — | View 990 |
| 2011 | $976K | $1.1M | $12.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $408K, and assets of $33.3M (revenue -58.9% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.3M, and assets of $32.4M (revenue +10.1% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.0M, and assets of $31.7M (revenue +100.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $2.2M, and assets of $31.0M (revenue -36.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $31.8M (revenue -43.1% year-over-year).
- 2018: Revenue of $3.8M, expenses of $2.1M, and assets of $31.8M (revenue -15.6% year-over-year).
- 2017: Revenue of $4.5M, expenses of $2.4M, and assets of $30.1M (revenue -29.0% year-over-year).
- 2016: Revenue of $6.3M, expenses of $1.8M, and assets of $28.0M (revenue +35.0% year-over-year).
- 2015: Revenue of $4.7M, expenses of $1.5M, and assets of $23.5M (revenue -41.5% year-over-year).
- 2014: Revenue of $8.0M, expenses of $744K, and assets of $20.3M (revenue +189.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.4M, and assets of $13.0M (revenue +801.3% year-over-year).
- 2012: Revenue of $307K, expenses of $1.2M, and assets of $11.6M (revenue -68.6% year-over-year).
- 2011: Revenue of $976K, expenses of $1.1M, and assets of $12.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Electric Company Post Retirement Benefit Trust For The:
Data Sources and Methodology
This transparency report for Granite State Electric Company Post Retirement Benefit Trust For The 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.