Griffiss Local Development Corporation
Griffiss Local Development Corporation maintains stable finances with no reported officer compensation.
EIN: 161471446 · Rome, NY · NTEE: S30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $5.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $18.7M |
| Transparency Score | 80/100 |
Is Griffiss Local Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Griffiss Local Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Griffiss Local Development Corporation
Griffiss Local Development Corporation (EIN: 161471446) is a nonprofit organization based in Rome, NY, classified under NTEE code S30Z. The organization reported total revenue of $5.1M and total assets of $27.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griffiss Local Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Griffiss Local Development Corporation 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 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$770K |
| Total Assets | $29.7M |
| Total Liabilities | $11.0M |
| Net Assets | $18.7M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 62.4 months |
Financial Health Grade: A
In 2023, Griffiss Local Development Corporation reported a surplus of $770K with revenue exceeding expenses, holds 62.4 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Griffiss Local Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | -9.7% | +2.0% |
| 2022 | +37.1% | +31.0% | +0.9% |
| 2021 | -37.0% | -12.3% | +13.4% |
| 2020 | +12.1% | +11.5% | -4.1% |
| 2019 | +67.0% | -3.8% | -3.4% |
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 Griffiss Local Development Corporation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Griffiss Local Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $770K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing assets of nearly $30 million and annual revenues exceeding $6 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within their financial statements, which could impact transparency.
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 Griffiss Local Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further inquiry into executive management structure and compensation practices.
Strengths
The following positive indicators were identified for Griffiss Local Development Corporation:
- Consistent financial stability with revenues generally covering expenses, as seen in the 202312 filing with revenues of $6,476,737 and expenses of $5,706,612.
- Significant asset base of $29,658,889, indicating substantial resources to support its mission.
- Positive net income in the most recent fiscal year (202312), demonstrating sound financial management.
Frequently Asked Questions about Griffiss Local Development Corporation
Is Griffiss Local Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Griffiss Local Development Corporation (EIN: 161471446) some concerns. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.
How does Griffiss Local Development Corporation spend its money?
Griffiss Local Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Griffiss Local Development Corporation tax-deductible?
Griffiss Local Development Corporation is registered as a tax-exempt nonprofit (EIN: 161471446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Griffiss Local Development Corporation CEO make?
Griffiss Local Development Corporation's highest-compensated officer earns $30 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Griffiss Local Development Corporation's spending goes to programs?
Griffiss Local Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Griffiss Local Development Corporation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Griffiss Local Development Corporation is above average for NTEE category S30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Griffiss Local Development Corporation located?
Griffiss Local Development Corporation is headquartered in Rome, New York and files with the IRS under EIN 161471446. It is classified under NTEE code S30Z.
How many years of IRS 990 filings does Griffiss Local Development Corporation have?
Griffiss Local Development Corporation 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 $5.1M in total revenue.
Is Griffiss Local Development Corporation a good charity?
Based on the available IRS 990 data, the organization appears to be financially stable with consistent operations and a positive net income in its most recent filing (202312). The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, assuming executive functions are adequately covered.
How does Griffiss Local Development Corporation manage its executive compensation?
All available IRS 990 filings for Griffiss Local Development Corporation report 0% officer compensation. This is an uncommon practice for an organization of its size and financial activity, suggesting that executive leadership may be volunteer-based or compensated through other means not explicitly detailed as 'officer compensation' on the 990.
What is the trend in Griffiss Local Development Corporation's assets and liabilities?
The organization's assets have fluctuated, decreasing from a high of $40,544,596 in 2014 to $29,658,889 in 2023. Liabilities have also varied, from $17,056,458 in 2014 to $10,974,049 in 2023. This indicates active financial management and investment in its operations.
Filing History
IRS 990 filing history for Griffiss Local Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Griffiss Local Development Corporation's revenue has grown by 24.4%, moving from $5.2M to $6.5M. Total assets decreased by 35.9% over the same period, from $46.3M to $29.7M. Total functional expenses rose by 1%, from $5.7M to $5.7M. In its most recent filing year (2023), Griffiss Local Development Corporation reported a surplus of $770K, with revenue exceeding expenses. The organization holds $11.0M in liabilities against $29.7M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.7M | $29.7M | $11.0M | — | — |
| 2022 | $5.3M | $6.3M | $29.1M | $11.2M | — | View 990 |
| 2021 | $3.9M | $4.8M | $28.8M | $10.1M | — | View 990 |
| 2020 | $6.1M | $5.5M | $25.4M | $5.8M | — | View 990 |
| 2019 | $5.5M | $4.9M | $26.5M | $7.5M | — | View 990 |
| 2018 | $3.3M | $5.1M | $27.4M | $8.9M | — | View 990 |
| 2017 | $7.2M | $5.5M | $27.7M | $7.3M | — | View 990 |
| 2016 | $4.0M | $4.6M | $35.2M | $16.6M | — | View 990 |
| 2015 | $4.6M | $6.3M | $38.0M | $16.2M | — | View 990 |
| 2014 | $5.0M | $7.2M | $40.5M | $17.1M | — | View 990 |
| 2013 | $7.9M | $6.7M | $44.2M | $18.6M | — | View 990 |
| 2012 | $5.0M | $5.5M | $43.3M | $18.9M | — | View 990 |
| 2011 | $5.2M | $5.7M | $46.3M | $21.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.7M, and assets of $29.7M (revenue +22.3% year-over-year).
- 2022: Revenue of $5.3M, expenses of $6.3M, and assets of $29.1M (revenue +37.1% year-over-year).
- 2021: Revenue of $3.9M, expenses of $4.8M, and assets of $28.8M (revenue -37.0% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.5M, and assets of $25.4M (revenue +12.1% year-over-year).
- 2019: Revenue of $5.5M, expenses of $4.9M, and assets of $26.5M (revenue +67.0% year-over-year).
- 2018: Revenue of $3.3M, expenses of $5.1M, and assets of $27.4M (revenue -54.7% year-over-year).
- 2017: Revenue of $7.2M, expenses of $5.5M, and assets of $27.7M (revenue +81.9% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.6M, and assets of $35.2M (revenue -13.3% year-over-year).
- 2015: Revenue of $4.6M, expenses of $6.3M, and assets of $38.0M (revenue -8.8% year-over-year).
- 2014: Revenue of $5.0M, expenses of $7.2M, and assets of $40.5M (revenue -36.5% year-over-year).
- 2013: Revenue of $7.9M, expenses of $6.7M, and assets of $44.2M (revenue +57.3% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.5M, and assets of $43.3M (revenue -3.4% year-over-year).
- 2011: Revenue of $5.2M, expenses of $5.7M, and assets of $46.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Griffiss Local Development Corporation:
Data Sources and Methodology
This transparency report for Griffiss Local Development Corporation 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.