Grindstone Association (EIN 010202445) - 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

1948

Legal Domicile

Principal Officer

Stephen Myers

Phone

2075652336

Tax Period

2024-01-01 to 2024-12-31

Grindstone Association, founded in 1948, is a small nonprofit that reported $919K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $230K, a strong 25% operating margin.

Mission

Social club

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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 $201,150

Program Service Revenue $517,991

Investment Income $199,778

Other Revenue $0

TOTAL REVENUE $918,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,545

Fundraising Expenses $0

Program Expenses $610,086

Other Expenses $443,533

TOTAL EXPENSES $689,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$918,919	$1,416,740	-0.4%
Expenses	$689,078	$499,086	+0.4%
Net Income	$229,841	$917,654	-0.7%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Ellin Miller	President	Officer Director	$0	$0	$0
Chandler Williams	Vice President	Officer Director	$0	$0	$0
Stephen Myers	Treasurer	Officer Director	$0	$0	$0
Marian Ide	Secretary	Officer Director	$0	$0	$0
Nathaniel Reed	Director	Director	$0	$0	$0
Amanda Nichols	Director	Director	$0	$0	$0
Suzanne Murphy	Director	Director	$0	$0	$0
Robert Hatcher	Director	Director	$0	$0	$0
Christine Dick	Director	Director	$0	$0	$0
Greg Hodges	Director	Director	$0	$0	$0
Jack Swope	Director	Director	$0	$0	$0
Priscilla Lukens	Director	Director	$0	$0	$0
Nicole Kirchoff Sargent	Director	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	$918,919	$689,078	$6,738,121	$229,841
2023	$1,416,740	$499,086	$5,832,293	$917,654
2022	$673,810	$522,456	$4,306,070	$151,354
2021	$677,119	$475,516	$4,949,323	$201,603
2020	$384,294	$400,564	$4,344,194	$-16,270
2019	$480,828	$415,411	$3,795,752	$65,417
2018	$575,423	$403,364	$3,449,735	$172,059

Grindstone Association