PUBLIC UTILITY LAW PROJECT OF NEW YORK INC

EIN: 141634870 501(c)(3) Public & Societal Benefit

ALBANY, NY

Total Revenue
$2,079,754
Total Expenses
$1,344,494
Total Assets
$2,305,097
Net Assets
$2,014,402
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
LAURIE WHEELOCK
Phone
5186396120
Tax Period
2024-01-01 to 2024-12-31

PUBLIC UTILITY LAW PROJECT OF NEW YORK INC, founded in 1982, is a community nonprofit in the Public & Societal Benefit sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $735K, a strong 35% operating margin.

Mission

PUBLIC ADVOCACY REGARDING UTILITY SERVICES

Program Service Accomplishments

Program 1
Expenses: $1,143,447

The Public Utility Law Project of New York, Inc. (PULP) is a not-for-profit organization dedicated to promoting, assisting, supporting, and defending the legal rights of low income persons and other...

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The Public Utility Law Project of New York, Inc. (PULP) is a not-for-profit organization dedicated to promoting, assisting, supporting, and defending the legal rights of low income persons and other consumers in their procurement, use, and benefits from services and products supplied by public and private utility organizations. The Organization also performs educational services to the public in many consumer utility areas, including but not limited to universal service, affordability, and consumer protection issues in energy, telecommunications, and other issues.The Organization provides support activities, strategic alliances, and resource development activities to facilitate and promote the sharing of information, expertise, training, and educational materials and other resources among the general public and regulatory agencies.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,079,754
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,079,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,206,751
Fundraising Expenses $0
Program Expenses $1,143,447
Other Expenses $137,743
TOTAL EXPENSES $1,344,494

Year-over-Year Comparison

2024 2023 Change
Revenue $2,079,754 $1,369,571 +0.5%
Expenses $1,344,494 $1,189,933 +0.1%
Net Income $735,260 $179,638 +3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$398,735
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURIE WHEELOCK Executive Dir. 35.00
Officer
$180,000 $55,858 $235,858
WILLIAM YATES DIR. OF RESEARC 35.00
Officer
$147,400 $15,477 $162,877
RICHARD WINSTEN ESQ Director 1.00
Director
$0 $0 $0
STUART APPELBAUM Director 1.00
Director
$0 $0 $0
HALEY KULAKOWSKI ESQ Director 1.00
Director
$0 $0 $0
CHARLES W F BELL Secretary 1.00
Officer Director
$0 $0 $0
PATRICIA BAH Director 1.00
Director
$0 $0 $0
LISA STEGLICH CHAIR 1.00
Officer Director
$0 $0 $0
KIRSTEN KEEFE ESQ Director 1.00
Director
$0 $0 $0
ANNA SOMMER Treasurer 1.00
Officer Director
$0 $0 $0
GERALD NORLANDER ESQ Director 1.00
Director
$0 $0 $0
ALFRED FUENTE ESQ Director 1.00
Director
$0 $0 $0
SAM FADUSKI ESQ Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,079,754 $1,344,494 $2,305,097 $735,260
2023 $1,369,571 $1,189,933 $1,585,743 $179,638
2022 $1,408,124 $1,130,398 $1,357,719 $277,726
2021 $1,270,224 $915,735 $1,214,995 $354,489
2020 $1,089,051 $808,372 $829,496 $280,679
2019 $764,879 $732,111 $637,543 $32,768
2018 $747,075 $632,065 $168,534 $115,010
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