NEW YORK INDEPENDENT SYSTEM OPERATOR INC (EIN 141815612) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Phone

5183566000

Tax Period

2024-01-01 to 2024-12-31

NEW YORK INDEPENDENT SYSTEM OPERATOR INC, founded in 1997, is a major nonprofit in the Public & Societal Benefit sector that reported $255.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $249,077,693

Investment Income $5,981,009

Other Revenue $231,431

TOTAL REVENUE $255,290,133

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $130,277,304

Fundraising Expenses $0

Program Expenses $189,390,139

Other Expenses $125,002,829

TOTAL EXPENSES $255,290,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,290,133	$230,448,968	+0.1%
Expenses	$255,290,133	$230,448,968	+0.1%
Net Income	$0	$0	N/A

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

Governance

Voting Members

Independent Members

Employees

714

Volunteers

N/A

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

$15,199,122

Total Directors

$4,853,773

Key Employees

$2,142,488

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J DEWEY	PRESIDENT & CHIEF EXECUTIVE OFFICER	59.0	Officer Director	$1,922,532	$1,089,664	$3,012,196
AVE M BIE	DIRECTOR	18.0	Director	$113,667	$0	$113,667
DANIEL C HILL	DIRECTOR	18.0	Director	$248,451	$0	$248,451
DAVID HILL	DIRECTOR	14.0	Director	$217,750	$0	$217,750
GIZMAN ABBAS	DIRECTOR	12.0	Director	$206,000	$0	$206,000
JOSEPH P OATES	CHAIR, BOARD OF DIRECTORS	22.0	Director	$244,278	$0	$244,278
MARK LYNCH	DIRECTOR	17.0	Director	$208,229	$0	$208,229
MICHAEL A CROWE	DIRECTOR	12.0	Director	$103,000	$0	$103,000
ROGER B KELLEY	DIRECTOR	16.0	Director	$106,667	$0	$106,667
SALLY TALBERG	DIRECTOR	18.0	Director	$196,229	$0	$196,229
TERESA MARRINAN	DIRECTOR	14.0	Director	$197,306	$0	$197,306
AARON D MARKHAM	VICE PRESIDENT, OPERATIONS	52.0	Officer	$511,247	$337,992	$849,239
CHERYL L HUSSEY	VICE PRESIDENT, CHIEF FINANCIAL OFFICER	46.0	Officer	$654,183	$363,059	$1,017,242
DENEEN BYRNE	VICE PRESIDENT, HUMAN RESOURCES	49.0	Officer	$495,397	$302,365	$797,762
DIANE L EGAN	CORP SECRETARY & SECRETARY TO BOARD	52.0	Officer	$319,881	$156,230	$476,111
DOUGLAS CHAPMAN	SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER	49.0	Officer	$748,924	$440,317	$1,189,241
EMILIE R N CHRAPOWITZKY	EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER	50.0	Officer	$997,651	$572,167	$1,569,818
KEVIN LANAHAN	VICE PRESIDENT, EXTERNAL AFFAIRS	48.0	Officer	$682,139	$381,360	$1,063,499
RANA MUKERJI	SENIOR VICE PRESIDENT, MARKET STRUCTURES	44.0	Officer	$729,140	$395,950	$1,125,090
ROBERT A PIKE	VICE PRESIDENT, MARKET OPERATIONS	52.0	Officer	$603,943	$371,349	$975,292
ROBERT FERNANDEZ	EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER	46.0	Officer	$913,784	$539,518	$1,453,302
SHAUN P JOHNSON	VICE PRESIDENT, MARKET STRUCTURES	45.0	Officer	$385,297	$204,950	$590,247
ZACHARY G SMITH	SENIOR VICE PRESIDENT, SYSTEM & RESOURCE PLANNING	52.0	Officer	$670,716	$409,367	$1,080,083
ERIC ADAMS	MANAGER, FACILITIES	42.0	Key Emp	$211,425	$49,160	$260,585
JON D SAWYER	DIRECTOR OF OPERATIONS	54.0	Key Emp	$309,342	$175,658	$485,000
JULIANN MADERA	DIRECTOR OF INTERNAL AUDIT	41.0	Key Emp	$278,393	$176,696	$455,089
MICHAEL STAHL	SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS	45.0	Key Emp	$288,899	$70,640	$359,539
RYAN SMITH	DIRECTOR OF IT SOFTWARE TECHNOLOGY	43.0	Key Emp	$382,070	$200,205	$582,275
ALEX M SCHNELL	ASSISTANT GENERAL COUNSEL	43.0	Highest	$332,466	$64,620	$397,086
KAREN G GACH	DEPUTY GENERAL COUNSEL	46.0	Highest	$544,369	$293,111	$837,480
MATTHEW A ANGLIN	DIRECTOR OF ENTERPRISE SECURITY & CISO	51.0	Highest	$371,198	$178,552	$549,750
PATRICK KELLY	CONTROLLER & ASSISTANT TREASURER	45.0	Highest	$334,950	$150,838	$485,788
RAYMOND W STALTER	DIRECTOR, REGULATORY AFFAIRS	48.0	Highest	$395,926	$174,669	$570,595
KEVIN PYTEL	SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT	46.0		$315,498	$123,843	$439,341
RICARDO T GONZALES	FORMER SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER	0.0		$439,533	$59,474	$499,007
TODD P ROMANSKY	MANAGER, IT OPERATIONS & SERVICE MGMT	46.0		$226,609	$61,209	$287,818

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	$255,290,133	$255,290,133	$1,009,740,034	No data
2023	$230,448,968	$230,448,968	$732,953,039	No data
2022	$213,525,939	$213,525,939	$877,178,997	No data
2021	$195,505,613	$195,505,613	$628,580,444	No data
2020	$198,696,118	$198,696,118	$572,900,275	No data
2019	$182,270,329	$182,270,329	$661,627,277	No data
2018	$182,585,237	$182,585,237	$565,456,202	No data

NEW YORK INDEPENDENT SYSTEM OPERATOR INC