New York Independent System Operator Inc
New York Independent System Operator consistently matches revenue with expenses, showing significant asset growth.
EIN: 141815612 · Rensselaer, NY · NTEE: W800 · Updated: 2026-03-28
Is New York Independent System Operator Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Independent System Operator Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Independent System Operator Inc
New York Independent System Operator Inc (EIN: 141815612) is a nonprofit organization based in Rensselaer, NY, classified under NTEE code W800. The organization reported total revenue of $255.4M and total assets of $1.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Independent System Operator Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Independent System Operator Inc is a major nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230.4M |
| Total Expenses | $230.4M |
| Surplus / Deficit | +$0 |
| Total Assets | $733.0M |
| Total Liabilities | $733.0M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 38.2 months |
Financial Health Grade: B
In 2023, New York Independent System Operator Inc reported a surplus of $0 with revenue exceeding expenses, holds 38.2 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Independent System Operator Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +7.9% | -16.4% |
| 2022 | +9.2% | +9.2% | +39.5% |
| 2021 | -1.6% | -1.6% | +9.7% |
| 2020 | +9.0% | +9.0% | -13.4% |
| 2019 | -0.2% | -0.2% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 New York Independent System Operator Inc with a Mission Score of 70 out of 100 (Good). 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, New York Independent System Operator Inc 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings is highly unusual for an organization with annual revenues exceeding $200 million and over $1 billion in assets. This suggests that executive compensation may be categorized differently within their financial statements or is not reported in the standard 'officer compensation' section of the 990, warranting further scrutiny.
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 New York Independent System Operator Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and revenue, suggesting a lack of transparency in executive pay reporting.
- Lack of detailed expense breakdown in the provided summary, making it difficult to assess true spending efficiency beyond the revenue-equals-expenses model.
Strengths
The following positive indicators were identified for New York Independent System Operator Inc:
- Consistent financial stability with revenues always matching expenses, indicating effective cost management within its operational model.
- Significant and growing asset base, increasing from $572,900,275 in 2020 to over $1 billion currently, suggesting robust infrastructure or capital investment.
- Operates in a critical public service sector (electric grid management), implying a strong societal mission.
Frequently Asked Questions about New York Independent System Operator Inc
Is New York Independent System Operator Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Independent System Operator Inc (EIN: 141815612) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does New York Independent System Operator Inc spend its money?
New York Independent System Operator Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Independent System Operator Inc tax-deductible?
New York Independent System Operator Inc is registered as a tax-exempt nonprofit (EIN: 141815612). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does NYISO manage executive compensation if 0% is reported?
The consistent reporting of 0% officer compensation on the 990s is atypical for an organization of NYISO's size and revenue. It suggests that executive salaries might be included in other expense categories, such as program or administrative expenses, rather than being explicitly listed as officer compensation in Part VII-A of the 990. A deeper dive into their detailed expense schedules would be needed to clarify this.
What is the nature of NYISO's 'program' activities given its NTEE code W800 (Electric Utilities)?
As an Independent System Operator (ISO), NYISO's primary 'program' activities would involve managing the reliable operation of New York's bulk electricity grid, administering wholesale electricity markets, and planning for future grid needs. These are highly technical and capital-intensive operations, which would explain the large asset base and significant operational expenses.
Why do NYISO's revenues consistently equal expenses?
NYISO operates on a cost-recovery basis, meaning it charges fees to market participants (e.g., utilities, power generators) that are designed to cover its operational costs, including grid management, market administration, and infrastructure investments. This model ensures that the organization does not generate a profit or accumulate significant surpluses, which is common for regulated entities like ISOs.
Filing History
IRS 990 filing history for New York Independent System Operator Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Independent System Operator Inc's revenue has grown by 49%, moving from $154.7M to $230.4M. Total assets increased by 45.2% over the same period, from $504.9M to $733.0M. Total functional expenses rose by 49%, from $154.7M to $230.4M. In its most recent filing year (2023), New York Independent System Operator Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $733.0M in liabilities against $733.0M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230.4M | $230.4M | $733.0M | $733.0M | — | View 990 |
| 2022 | $213.5M | $213.5M | $877.2M | $877.2M | — | — |
| 2021 | $195.5M | $195.5M | $628.6M | $628.6M | — | View 990 |
| 2020 | $198.7M | $198.7M | $572.9M | $572.9M | — | View 990 |
| 2019 | $182.3M | $182.3M | $661.6M | $661.6M | — | View 990 |
| 2018 | $182.6M | $182.6M | $565.5M | $565.5M | — | View 990 |
| 2017 | $180.2M | $180.2M | $594.6M | $594.6M | — | View 990 |
| 2016 | $175.4M | $175.4M | $614.6M | $614.6M | — | View 990 |
| 2015 | $174.7M | $174.7M | $582.4M | $582.4M | — | View 990 |
| 2014 | $174.3M | $174.3M | $696.6M | $696.6M | — | View 990 |
| 2013 | $159.8M | $159.8M | $911.7M | $911.7M | — | View 990 |
| 2012 | $163.5M | $163.5M | $520.6M | $520.6M | — | View 990 |
| 2011 | $154.7M | $154.7M | $504.9M | $504.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230.4M, expenses of $230.4M, and assets of $733.0M (revenue +7.9% year-over-year).
- 2022: Revenue of $213.5M, expenses of $213.5M, and assets of $877.2M (revenue +9.2% year-over-year).
- 2021: Revenue of $195.5M, expenses of $195.5M, and assets of $628.6M (revenue -1.6% year-over-year).
- 2020: Revenue of $198.7M, expenses of $198.7M, and assets of $572.9M (revenue +9.0% year-over-year).
- 2019: Revenue of $182.3M, expenses of $182.3M, and assets of $661.6M (revenue -0.2% year-over-year).
- 2018: Revenue of $182.6M, expenses of $182.6M, and assets of $565.5M (revenue +1.3% year-over-year).
- 2017: Revenue of $180.2M, expenses of $180.2M, and assets of $594.6M (revenue +2.7% year-over-year).
- 2016: Revenue of $175.4M, expenses of $175.4M, and assets of $614.6M (revenue +0.4% year-over-year).
- 2015: Revenue of $174.7M, expenses of $174.7M, and assets of $582.4M (revenue +0.2% year-over-year).
- 2014: Revenue of $174.3M, expenses of $174.3M, and assets of $696.6M (revenue +9.1% year-over-year).
- 2013: Revenue of $159.8M, expenses of $159.8M, and assets of $911.7M (revenue -2.2% year-over-year).
- 2012: Revenue of $163.5M, expenses of $163.5M, and assets of $520.6M (revenue +5.7% year-over-year).
- 2011: Revenue of $154.7M, expenses of $154.7M, and assets of $504.9M.
Data Sources and Methodology
This transparency report for New York Independent System Operator Inc 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.