Granite State Electric Company Postretirement Benefit Trust For

Postretirement Benefit Trust maintains substantial assets with zero officer compensation.

EIN: 133751316 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28

$58.4MRevenue

$1.2BAssets

95/100Mission Score (Excellent)

Y43

About Granite State Electric Company Postretirement Benefit Trust For

Granite State Electric Company Postretirement Benefit Trust For (EIN: 133751316) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $58.4M and total assets of $1.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Electric Company Postretirement Benefit Trust For's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Granite State Electric Company Postretirement Benefit Trust For operates as a postretirement benefit trust, which inherently differs from traditional public charities in its financial structure and purpose. Its primary function is to manage assets for the benefit of retirees, rather than to deliver direct charitable programs. The organization consistently reports zero officer compensation across all available filings, indicating a high degree of efficiency in executive overhead and a commitment to directing all resources towards its stated purpose. While its revenue and expenses fluctuate significantly year-to-year, this is typical for investment trusts where market performance heavily influences revenue and benefit payouts drive expenses. For instance, in 2023, the trust reported revenue of $38,165,135 against expenses of $59,674,487, resulting in a net decrease in assets, whereas in 2021, it saw substantial revenue of $332,837,993. The substantial asset base of over $1.1 billion in 2023 suggests robust long-term financial planning and stability for its beneficiaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Granite State Electric Company Postretirement Benefit Trust For 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: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Granite State Electric Company Postretirement Benefit Trust For allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the trust, which is highly efficient for an organization of its size with over $1.1 billion in assets.

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 Postretirement Benefit Trust For:

Zero officer compensation, indicating high efficiency in executive overhead.
Substantial and growing asset base, exceeding $1.1 billion in 2023, demonstrating financial stability.
Consistent filing history with the IRS, indicating transparency and compliance.
Low liabilities relative to assets, with liabilities of $1,548,512 against assets of $1,162,414,827 in 2023.

Frequently Asked Questions about Granite State Electric Company Postretirement Benefit Trust For

Is Granite State Electric Company Postretirement Benefit Trust For a good charity?

As a postretirement benefit trust (NTEE Code Y43), it is not a traditional public charity but rather a financial vehicle designed to manage benefits for a specific group. Its 'goodness' should be assessed on its ability to meet its fiduciary responsibilities, which appears strong given its substantial assets and zero officer compensation.

How does the organization manage its expenses?

The organization's expenses primarily relate to the administration and distribution of postretirement benefits. With zero officer compensation, its operational costs are likely focused on investment management fees and direct benefit payouts, as evidenced by expenses like $59,674,487 in 2023 against revenue of $38,165,135.

What is the trend in the organization's assets?

The organization's assets have shown significant growth over the past decade, increasing from $756,772,963 in 2014 to $1,162,414,827 in 2023, indicating successful asset management and growth despite fluctuations in annual revenue.

Filing History

IRS 990 filing history for Granite State Electric Company Postretirement Benefit Trust For showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Granite State Electric Company Postretirement Benefit Trust For's revenue has declined by 57.3%, moving from $89.4M to $38.2M. Total assets increased by 153.7% over the same period, from $458.2M to $1.2B. Total functional expenses rose by 17.2%, from $50.9M to $59.7M. In its most recent filing year (2023), Granite State Electric Company Postretirement Benefit Trust For reported a deficit of $21.5M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.2B in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2B.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$38.2M	$59.7M	$1.2B	$1.5M	—	—
2022	$133.6M	$60.2M	$1.2B	$2.0M	—	View 990
2021	$332.8M	$49.4M	$1.1B	$18.9M	—	View 990
2020	$52.8M	$55.1M	$827.0M	$1.5M	—	View 990
2019	$40.7M	$51.9M	$829.0M	$1.1M	—	View 990
2018	$78.8M	$49.1M	$839.1M	$22K	—	View 990
2017	$93.6M	$52.6M	$809.4M	$18K	—	View 990
2016	$68.3M	$64.5M	$771.8M	$3.5M	—	View 990
2015	$68.4M	$56.8M	$771.7M	$7.2M	—	View 990
2014	$113.2M	$52.9M	$756.8M	$4.0M	—	View 990
2013	$130.2M	$55.2M	$693.9M	$1.4M	—	View 990
2012	$150.8M	$55.6M	$633.3M	$15.8M	—	View 990
2011	$146.3M	$56.0M	$541.1M	$18.8M	—	View 990
2010	$89.4M	$50.9M	$458.2M	$26.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $38.2M, expenses of $59.7M, and assets of $1.2B (revenue -71.4% year-over-year).
2022: Revenue of $133.6M, expenses of $60.2M, and assets of $1.2B (revenue -59.9% year-over-year).
2021: Revenue of $332.8M, expenses of $49.4M, and assets of $1.1B (revenue +530.9% year-over-year).
2020: Revenue of $52.8M, expenses of $55.1M, and assets of $827.0M (revenue +29.5% year-over-year).
2019: Revenue of $40.7M, expenses of $51.9M, and assets of $829.0M (revenue -48.3% year-over-year).
2018: Revenue of $78.8M, expenses of $49.1M, and assets of $839.1M (revenue -15.8% year-over-year).
2017: Revenue of $93.6M, expenses of $52.6M, and assets of $809.4M (revenue +37.0% year-over-year).
2016: Revenue of $68.3M, expenses of $64.5M, and assets of $771.8M (revenue -0.1% year-over-year).
2015: Revenue of $68.4M, expenses of $56.8M, and assets of $771.7M (revenue -39.5% year-over-year).
2014: Revenue of $113.2M, expenses of $52.9M, and assets of $756.8M (revenue -13.1% year-over-year).
2013: Revenue of $130.2M, expenses of $55.2M, and assets of $693.9M (revenue -13.7% year-over-year).
2012: Revenue of $150.8M, expenses of $55.6M, and assets of $633.3M (revenue +3.1% year-over-year).
2011: Revenue of $146.3M, expenses of $56.0M, and assets of $541.1M (revenue +63.6% year-over-year).
2010: Revenue of $89.4M, expenses of $50.9M, and assets of $458.2M.

Data Sources and Methodology

This transparency report for Granite State Electric Company Postretirement Benefit Trust For 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.