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New York Municipal Power Agency
East Syracuse, NY · EIN 161539068 · Form 990 · FY2025 · NTEE Y22 · Mutual & Membership Benefit · Very Large (>$50M) · nympa.org
revenue
$83.5M
expenses
$87.8M
net assets
$18.6M
employees
0
program ratio
100%
mission · from form 990

MISSIONENSURING SAFE, INEXPENSIVE, AND RELIABLE ENERGY TO OUR MEMBER MUNICIPALITIES THROUGHOUT NEW YORK STATE

profile · synthesized from sources

The New York Municipal Power Agency (NYMPA) is a joint action agency formed in 1996 to supply safe, reliable, and low-cost electricity to 34 municipal members across New York State. It operates under state law to enable municipalities to collectively meet energy needs, leveraging their public authority and financial stability. NYMPA supports member utilities that have operated for over a century.

named programs · 1 · from sources

What they call their work

Electricity Supply Program
Provides centralized procurement and supply of electricity to 34 municipal electric systems across New York State, ensuring reliability and cost efficiency.
activities · 1 group

What they do

  • Electric Grid Operations & Reliability 1 activity
    • Supplying safe, inexpensive, and reliable energy to member municipalities
      Provides electricity to member municipalities across New York State, with operations beginning in May 1998. Focuses on delivering cost-effective and dependable power services.
financials · form 990 · fy2025
revenue
Total revenue$83.53M
Contributions & grants$00%
Program service revenue$82.61M99%
Investment income$919K1%
Other revenue$0
expenses
Total expenses$87.79M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$161K
Grants paid out$0
Largest expense lineOther
balance sheet
Total assets$33.22M
Cash$14.59M
Investments$1.71M
Liabilities$14.60M
Net assets$18.62M
Liquid reserves2.2 mo
6 years on record · 2020–2025 · YoY revenue +31.3%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
James Stokes General Manager 20 $104K
board members · 5
  • Erin Bonacci — Secretary
  • Health Gordon — 2nd Vice President
  • Matt Hegarty — President
  • Melissa Gerhardt — 1st Vice President
  • Stacy Stanton — Treasurer
relationships · 1

Who they work with

  • 34 New York State municipal members Network — Joint action agency composed of 34 municipal electric utilities collaborating to supply power.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Centralized Municipal Power Aggregation
    methodology: centralized_municipal_power_aggregation
    By aggregating power procurement and supply across member municipalities, the agency ensures greater energy affordability and reliability, because collective buying power reduces costs and enhances grid stability.