New York Independent System Operator Inc
74% goes to programs Thin reserves Growing revenue
New York Independent System Operator Inc is a 501(c)(3) organization based in Rensselaer, New York, registered in 2000, with $255,290,133 in FY2024 revenue. CharityIndex grades it B, and it directs about 74% of spending to programs.
10 Krey Blvd, Rensselaer, NY, 12144 EIN 14-1815612 Since 2000
Revenue (FY2024)
$255.3M
▲ 10.8% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$255.3M
Net assets
$0
Employees
714
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating74% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New York Independent System Operator Inc: 74% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New York Independent System Operator Inc: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New York Independent System Operator Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New York Independent System Operator Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 10 Krey Blvd, Rensselaer, NY, 12144
- City
- Rensselaer
- State
- New York
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $159.8M (FY2013) to $255.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $0
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$1.0B
Net assets
$0
Salaries & benefits
$130.3M
51% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $255,290,133▲10.8% | $255,290,133▲10.8% | $0 | $1,009,740,034▲37.8% | 990 |
| 2023 | $230,448,968▲7.9% | $230,448,968▲7.9% | $0 | $732,953,039▼16.4% | 990 |
| 2022 | $213,525,939▲9.2% | $213,525,939▲9.2% | $0 | $877,178,997▲39.5% | 990 |
| 2021 | $195,505,613▼1.6% | $195,505,613▼1.6% | $0 | $628,580,444▲9.7% | 990 |
| 2020 | $198,696,118▲9.0% | $198,696,118▲9.0% | $0 | $572,900,275▼13.4% | 990 |
| 2019 | $182,270,329▼0.2% | $182,270,329▼0.2% | $0 | $661,627,277▲17.0% | 990 |
| 2018 | $182,585,237▲1.3% | $182,585,237▲1.3% | $0 | $565,456,202▼4.9% | 990 |
| 2017 | $180,208,333▲2.7% | $180,208,333▲2.7% | $0 | $594,588,097▼3.3% | 990 |
| 2016 | $175,440,149▲0.4% | $175,440,149▲0.4% | $0 | $614,576,242▲5.5% | 990 |
| 2015 | $174,746,679▲0.2% | $174,746,679▲0.2% | $0 | $582,390,117▼16.4% | 990 |
| 2014 | $174,316,941▲9.1% | $174,316,941▲9.1% | $0 | $696,565,125▼23.6% | 990 |
| 2013 | $159,812,354 | $159,812,354▼2.2% | $0 | $911,742,290▲75.1% | 990 |
| 2012 | — | $163,482,970▲5.7% | $0 | $520,553,377▲3.1% | 990 |
| 2011 | — | $154,672,202▲3.6% | $0 | $504,909,926▼7.1% | 990 |
| 2010 | — | $149,352,264 | $0 | $543,334,636 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Richard J Dewey — $1,922,532 (0.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard J Dewey | President & Chief Executive Officer | 59 | $1,922,532 |
| Emilie R N Chrapowitzky | Executive Vice President & Chief Operating Officer | 50 | $997,651 |
| Robert Fernandez | Executive Vice President, General Counsel & Chief Compliance Officer | 46 | $913,784 |
| Douglas Chapman | Senior Vice President, Chief Information Officer | 49 | $748,924 |
| Rana Mukerji | Senior Vice President, Market Structures | 44 | $729,140 |
| Kevin Lanahan | Vice President, External Affairs | 48 | $682,139 |
| Zachary G Smith | Senior Vice President, System & Resource Planning | 52 | $670,716 |
| Cheryl L Hussey | Vice President, Chief Financial Officer | 46 | $654,183 |
| Robert A Pike | Vice President, Market Operations | 52 | $603,943 |
| Karen G Gach | Deputy General Counsel | 46 | $544,369 |
| Aaron D Markham | Vice President, Operations | 52 | $511,247 |
| Deneen Byrne | Vice President, Human Resources | 49 | $495,397 |
| Ricardo T Gonzales | Former Senior Vice President of Operations & Chief Operating Officer | 0 | $439,533 |
| Raymond W Stalter | Director, Regulatory Affairs | 48 | $395,926 |
| Shaun P Johnson | Vice President, Market Structures | 45 | $385,297 |
| Ryan Smith | Director of It Software Technology | 43 | $382,070 |
| Matthew A Anglin | Director of Enterprise Security & Ciso | 51 | $371,198 |
| Patrick Kelly | Controller & Assistant Treasurer | 45 | $334,950 |
| Alex M Schnell | Assistant General Counsel | 43 | $332,466 |
| Diane L Egan | Corp Secretary & Secretary To Board | 52 | $319,881 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Hitachi Energy USA Inc | Consulting Services | $8,211,816 |
| Potomac Economics Ltd | Consulting Services | $6,149,556 |
| Hunton Andrews Kurth LLP | Legal Services | $5,523,565 |
| Analysis Group Inc | Consulting Services | $2,126,979 |
| Cf Power Ltd | Consulting Services | $1,595,880 |
Grants made · $10K in FY2024
1 grant totaling $10K in FY2024. All grants made by New York Independent System Operator Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ieee Foundation Inc | Scholarship | $10,000 |
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Frequently asked questions
- Is New York Independent System Operator Inc a legitimate nonprofit?
- Yes. New York Independent System Operator Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1815612, based in Rensselaer, New York. Donations are tax-deductible.
- What is New York Independent System Operator Inc's EIN?
- New York Independent System Operator Inc's Employer Identification Number (EIN) is 14-1815612.
- How much revenue does New York Independent System Operator Inc report?
- New York Independent System Operator Inc reported $255,290,133 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New York Independent System Operator Inc's spending goes to programs?
- New York Independent System Operator Inc spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New York Independent System Operator Inc have?
- CharityIndex grades New York Independent System Operator Inc B, based on program efficiency and fundraising cost.
- How much does New York Independent System Operator Inc's highest-paid employee make?
- The highest reported compensation on New York Independent System Operator Inc's latest Form 990 is $1,922,532, paid to Richard J Dewey (President & Chief Executive Officer).
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Data for New York Independent System Operator Inc (EIN 14-1815612) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.