Griffiss Utility Services Corporation
Griffiss Utility Services Corporation consistently maintains strong assets and zero officer compensation.
EIN: 161592039 · Rome, NY · NTEE: W80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.2M |
| Total Expenses | $9.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $58 |
| Net Assets | $56.9M |
| Transparency Score | 95/100 |
Is Griffiss Utility Services Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Griffiss Utility Services Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Griffiss Utility Services Corporation
Griffiss Utility Services Corporation (EIN: 161592039) is a nonprofit organization based in Rome, NY, classified under NTEE code W80. The organization reported total revenue of $24.2M and total assets of $58.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griffiss Utility Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Griffiss Utility Services Corporation is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $9.6M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $58.1M |
| Total Liabilities | $1.2M |
| Net Assets | $56.9M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 72.7 months |
Financial Health Grade: A
In 2023, Griffiss Utility Services Corporation reported a surplus of $1.6M with revenue exceeding expenses, holds 72.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Griffiss Utility Services Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | -19.6% | +3.5% |
| 2022 | +23.4% | +13.3% | +0.9% |
| 2021 | +14.9% | +13.6% | +0.3% |
| 2020 | -11.5% | +0.2% | -0.1% |
| 2019 | -9.4% | -11.0% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Utility Services Corporation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Griffiss Utility Services Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of this size with assets exceeding $58 million and annual revenues over $11 million, suggesting a strong commitment to directing funds towards operations rather than executive salaries.
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 Griffiss Utility Services Corporation:
- Consistent revenue exceeding expenses, indicating sound financial management (e.g., 2023: $11,201,136 revenue vs. $9,587,555 expenses).
- Zero officer compensation reported across all filings, suggesting high efficiency and dedication to mission.
- Steady growth in assets over time, from $50,782,440 in 2014 to $58,070,884 in 2023.
- Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
- Consistent filing of IRS 990s over 13 periods, demonstrating transparency.
Frequently Asked Questions about Griffiss Utility Services Corporation
Is Griffiss Utility Services Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Griffiss Utility Services Corporation (EIN: 161592039) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Griffiss Utility Services Corporation spend its money?
Griffiss Utility Services Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Griffiss Utility Services Corporation tax-deductible?
Griffiss Utility Services Corporation is registered as a tax-exempt nonprofit (EIN: 161592039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Griffiss Utility Services Corporation CEO make?
Griffiss Utility Services Corporation's highest-compensated officer earns $58 annually. The organization reported $24.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Griffiss Utility Services Corporation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Griffiss Utility Services Corporation is above average for NTEE category W80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Griffiss Utility Services Corporation located?
Griffiss Utility Services Corporation is headquartered in Rome, New York and files with the IRS under EIN 161592039. It is classified under NTEE code W80.
How many years of IRS 990 filings does Griffiss Utility Services Corporation have?
Griffiss Utility Services 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 $24.2M in total revenue.
Is Griffiss Utility Services Corporation financially stable?
Yes, the organization demonstrates strong financial stability with assets consistently growing, reaching $58,070,884 in 2023, and revenues consistently exceeding expenses, such as $11,201,136 in revenue against $9,587,555 in expenses in 2023.
How does Griffiss Utility Services Corporation manage executive compensation?
The organization reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to its officers.
What is the trend in the organization's assets?
Assets have shown a consistent upward trend, increasing from $50,782,440 in 2014 to $58,070,884 in 2023, reflecting healthy financial growth.
Are the organization's liabilities a concern?
No, liabilities are very low relative to assets, for example, $1,201,839 in liabilities against $58,070,884 in assets in 2023, indicating a strong financial position with minimal debt.
Filing History
IRS 990 filing history for Griffiss Utility Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Griffiss Utility Services Corporation's revenue has declined by 3.8%, moving from $11.6M to $11.2M. Total assets increased by 19.2% over the same period, from $48.7M to $58.1M. Total functional expenses fell by 13.4%, from $11.1M to $9.6M. In its most recent filing year (2023), Griffiss Utility Services Corporation reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $58.1M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $56.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.2M | $9.6M | $58.1M | $1.2M | — | — |
| 2022 | $13.0M | $11.9M | $56.1M | $1.3M | — | — |
| 2021 | $10.5M | $10.5M | $55.6M | $1.2M | — | View 990 |
| 2020 | $9.1M | $9.3M | $55.5M | $845K | — | — |
| 2019 | $10.3M | $9.3M | $55.5M | $799K | — | View 990 |
| 2018 | $11.4M | $10.4M | $54.4M | $815K | — | View 990 |
| 2017 | $10.7M | $9.7M | $53.2M | $757K | — | View 990 |
| 2016 | $10.7M | $9.8M | $51.8M | $700K | — | View 990 |
| 2015 | $10.9M | $10.5M | $50.9M | $572K | — | View 990 |
| 2014 | $12.2M | $11.9M | $50.8M | $900K | — | View 990 |
| 2013 | $10.8M | $10.6M | $50.4M | $877K | — | View 990 |
| 2012 | $10.7M | $9.4M | $50.1M | $793K | — | View 990 |
| 2011 | $11.6M | $11.1M | $48.7M | $644K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.2M, expenses of $9.6M, and assets of $58.1M (revenue -13.5% year-over-year).
- 2022: Revenue of $13.0M, expenses of $11.9M, and assets of $56.1M (revenue +23.4% year-over-year).
- 2021: Revenue of $10.5M, expenses of $10.5M, and assets of $55.6M (revenue +14.9% year-over-year).
- 2020: Revenue of $9.1M, expenses of $9.3M, and assets of $55.5M (revenue -11.5% year-over-year).
- 2019: Revenue of $10.3M, expenses of $9.3M, and assets of $55.5M (revenue -9.4% year-over-year).
- 2018: Revenue of $11.4M, expenses of $10.4M, and assets of $54.4M (revenue +6.9% year-over-year).
- 2017: Revenue of $10.7M, expenses of $9.7M, and assets of $53.2M (revenue -0.1% year-over-year).
- 2016: Revenue of $10.7M, expenses of $9.8M, and assets of $51.8M (revenue -2.4% year-over-year).
- 2015: Revenue of $10.9M, expenses of $10.5M, and assets of $50.9M (revenue -10.5% year-over-year).
- 2014: Revenue of $12.2M, expenses of $11.9M, and assets of $50.8M (revenue +12.8% year-over-year).
- 2013: Revenue of $10.8M, expenses of $10.6M, and assets of $50.4M (revenue +1.7% year-over-year).
- 2012: Revenue of $10.7M, expenses of $9.4M, and assets of $50.1M (revenue -8.5% year-over-year).
- 2011: Revenue of $11.6M, expenses of $11.1M, and assets of $48.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Griffiss Utility Services Corporation:
Data Sources and Methodology
This transparency report for Griffiss Utility Services 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.