Granite State Electric Company Post Retirement Benefit Trust For The
Granite State Electric Company Post Retirement Benefit Trust consistently manages over $100M in assets with no officer compensation.
EIN: 133751314 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.4M |
| Total Expenses | $20.3M |
| Program Spending | 90% |
| Net Assets | $113.1M |
| Transparency Score | 85/100 |
Is Granite State Electric Company Post Retirement Benefit Trust For The Legit?
Some Concerns
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 90% 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: 133751314) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $40.4M and total assets of $0 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 large nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $20.3M |
| Surplus / Deficit | $-8,714,641 |
| Total Assets | $113.1M |
| Net Assets | $113.1M |
| Operating Margin | -75.3% |
| Months of Reserves | 66.9 months |
Financial Health Grade: B
In 2022, Granite State Electric Company Post Retirement Benefit Trust For The reported a deficit of $8.7M with expenses exceeding revenue, holds 66.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Granite State Electric Company Post Retirement Benefit Trust For The's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -55.8% | +19.1% | -8.1% |
| 2021 | +94.6% | -20.5% | +5.4% |
| 2020 | -5.1% | +13.7% | -6.5% |
| 2019 | -21.9% | +3.6% | -7.0% |
| 2018 | +15.4% | -1.5% | -0.6% |
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 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 Electric Company Post Retirement Benefit Trust For The 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 $8.7M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for a large organization but typical for a trust where administration might be outsourced or handled by volunteers/other entities.
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 Electric Company Post Retirement Benefit Trust For The's IRS 990 filings:
- Inconsistent revenue streams relative to expenses in some years, suggesting reliance on asset drawdowns or investment performance.
Strengths
The following positive indicators were identified for Granite State Electric Company Post Retirement Benefit Trust For The:
- Consistent reporting of $0 officer compensation.
- Substantial and stable asset base, consistently over $100 million.
- Excellent filing history with 12 IRS 990s, demonstrating transparency.
- Minimal or no reported liabilities in most recent years, indicating financial stability.
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: 133751314) some concerns. Mission Score: 85/100. 1 red flag identified, 4 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 90% 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: 133751314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Granite State Electric Company Post Retirement Benefit Trust For The compare to similar nonprofits?
With a transparency score of 85/100 (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 133751314. 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 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 $40.4M in total revenue.
What is the primary purpose of this organization?
Based on its name and NTEE code (Y43), the organization's primary purpose is to manage post-retirement benefits for the Granite State Electric Company.
Why does the organization report $0 in assets in the latest revenue summary but significant assets in its 990 filings?
The 'Latest Revenue: $40,365,003, Assets: $0' in the prompt appears to be a summary data point that might be incomplete or refer to a specific snapshot. The IRS 990 filings consistently show substantial assets, for example, $113,073,399 in 2022 and $123,104,388 in 2021, which are more reliable indicators of its financial holdings.
How does the organization cover its expenses if revenue is sometimes lower?
As a benefit trust, the organization likely covers expenses and benefit distributions through investment income from its substantial asset base and, when necessary, by drawing down on its principal assets, as seen in periods where expenses exceed revenue (e.g., 2022: Revenue $11.5M, Expenses $20.2M).
Filing History
IRS 990 filing history for Granite State Electric Company Post Retirement Benefit Trust For The showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Granite State Electric Company Post Retirement Benefit Trust For The's revenue has declined by 78.5%, moving from $53.9M to $11.6M. Total assets decreased by 8% over the same period, from $122.8M to $113.1M. Total functional expenses rose by 10.7%, from $18.3M to $20.3M. In its most recent filing year (2022), Granite State Electric Company Post Retirement Benefit Trust For The reported a deficit of $8.7M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $11.6M | $20.3M | $113.1M | $0 | — | View 990 |
| 2021 | $26.2M | $17.0M | $123.1M | $0 | — | View 990 |
| 2020 | $13.5M | $21.4M | $116.8M | $0 | — | View 990 |
| 2019 | $14.2M | $18.9M | $124.9M | $0 | — | View 990 |
| 2018 | $18.2M | $18.2M | $134.3M | $1.1M | — | View 990 |
| 2017 | $15.8M | $18.5M | $135.2M | $0 | — | View 990 |
| 2016 | $17.6M | $24.8M | $142.6M | $0 | — | View 990 |
| 2015 | $20.2M | $25.0M | $152.0M | $1.2M | — | View 990 |
| 2014 | $24.5M | $22.7M | $166.6M | $1.2M | — | View 990 |
| 2013 | $48.4M | $21.2M | $174.7M | $0 | — | View 990 |
| 2012 | $60.4M | $20.5M | $158.8M | $862K | — | View 990 |
| 2011 | $53.9M | $18.3M | $122.8M | $5 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $11.6M, expenses of $20.3M, and assets of $113.1M (revenue -55.8% year-over-year).
- 2021: Revenue of $26.2M, expenses of $17.0M, and assets of $123.1M (revenue +94.6% year-over-year).
- 2020: Revenue of $13.5M, expenses of $21.4M, and assets of $116.8M (revenue -5.1% year-over-year).
- 2019: Revenue of $14.2M, expenses of $18.9M, and assets of $124.9M (revenue -21.9% year-over-year).
- 2018: Revenue of $18.2M, expenses of $18.2M, and assets of $134.3M (revenue +15.4% year-over-year).
- 2017: Revenue of $15.8M, expenses of $18.5M, and assets of $135.2M (revenue -10.4% year-over-year).
- 2016: Revenue of $17.6M, expenses of $24.8M, and assets of $142.6M (revenue -13.1% year-over-year).
- 2015: Revenue of $20.2M, expenses of $25.0M, and assets of $152.0M (revenue -17.3% year-over-year).
- 2014: Revenue of $24.5M, expenses of $22.7M, and assets of $166.6M (revenue -49.5% year-over-year).
- 2013: Revenue of $48.4M, expenses of $21.2M, and assets of $174.7M (revenue -19.8% year-over-year).
- 2012: Revenue of $60.4M, expenses of $20.5M, and assets of $158.8M (revenue +12.0% year-over-year).
- 2011: Revenue of $53.9M, expenses of $18.3M, and assets of $122.8M.
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.