Charity Search / GRIFFISS UTILITY SERVICES CORPORATION
Public & Societal Benefit (W80) 990 on File

GRIFFISS UTILITY SERVICES CORPORATION

EIN: 16-1592039 · ROME, NY 13441-4910 · United States · FY 2023 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 85/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$11.2M
Total Revenue
$9.6M
Total Expenses
$56.9M
Net Assets
9
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.8%
Fundraising Efficiency N/A
Operating Reserve 71.18x
Liability-to-Asset 2.1%
Revenue Diversification 90.3%
Executive Compensation $633K
Compared with Peers
FY 2023
Compared with 699 similar organizations (United States, Public & Societal Benefit, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.8% 83.3%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
12.3% 12.0%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 1.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
71.2 mo 9.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
2.1% 13.4%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
90.3% 95.5%
P10P90
Above median
Revenue growth
Year over year revenue growth
-13.5% 8.0%
P10P90
Expense growth
Year over year expense growth
-19.6% 12.3%
P10P90
Surplus margin
Surplus as a share of revenue
14.4% 2.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $11.2M $9.6M $56.9M 87.8% 9
2022 $13.0M $11.9M $54.8M 90.8% 9
2021 $10.5M $10.5M N/A 9
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Organization Details
EIN
16-1592039
State
NY
City
ROME
ZIP
13441-4910
Classification
W80
Category
Public & Societal Benefit
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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