GRIFFISS UTILITY SERVICES CORPORATION

EIN: 161592039 501(c)(3) Public & Societal Benefit

ROME, NY

Total Revenue
$11,201,136
Total Expenses
$9,587,555
Total Assets
$58,070,884
Net Assets
$56,869,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
JOSEPH L CUNNINGHAM
Phone
3158384872
Tax Period
2023-01-01 to 2023-12-31

GRIFFISS UTILITY SERVICES CORPORATION, founded in 2001, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $9.6M left a modest 14% surplus.

Mission

GUSC WAS ORGANIZED TO ASSIST GRIFFISS LOCAL DEVELOPMENT CORPORATION (GLDC) IN THEIR MISSION TO REDEVELOP GRIFFISS BUSINESS AND TECHNOLOGY PARK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,118,389
Investment Income $1,082,747
Other Revenue $0
TOTAL REVENUE $11,201,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,316,466
Fundraising Expenses $0
Program Expenses $8,412,799
Other Expenses $8,271,089
TOTAL EXPENSES $9,587,555

Year-over-Year Comparison

2023 2022 Change
Revenue $11,201,136 $12,954,951 -0.1%
Expenses $9,587,555 $11,925,013 -0.2%
Net Income $1,613,581 $1,029,938 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
9
Volunteers
7

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
6
$632,969
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SHERIDAN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SANDRA CORNEY TREASURER THROUGH 12/1 1.00
Officer Director
$0 $0 $0
WILLIAM STEVENS MEMBER 1.00
Director
$0 $0 $0
TIMOTHY WOODS MEMBER 1.00
Director
$0 $0 $0
JOHN MCNAMARA MEMBER 1.00
Director
$0 $0 $0
ROBERT SKIBITSKI MEMBER 1.00
Director
$0 $0 $0
JOE CUNNINGHAM CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROBERT KANE TREASURER BEG 12/1 1.00
Director
$0 $0 $0
DANIEL MANEEN PRESIDENT/CEO 37.50
Officer
$269,715 $42,742 $312,457
AARON FALKENMEYER COO 37.50
Officer
$160,245 $38,514 $198,759
TAYLOR SRECA CFO 37.50
Officer
$103,609 $18,144 $121,753
MIKE DAVIS VICE PRESIDENT OPERATIONS 37.50
Highest
$140,532 $15,004 $155,536
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 No data No data No data No data
2023 $11,201,136 $9,587,555 $58,070,884 $1,613,581
2022 $12,954,951 $11,925,013 $56,113,253 $1,029,938
2021 $10,494,870 $10,522,513 $55,633,471 $-27,643
2020 $9,136,696 $9,264,547 $55,485,462 $-127,851
2019 $10,322,922 $9,250,662 $55,525,309 $1,072,260
2018 $11,395,435 $10,398,198 $54,391,666 $997,237
2018 $11,395,435 $10,398,198 $54,391,666 $997,237
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