GRANITE STATE INDEPENDENT LIVING (EIN 020350170) - 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

1980

Legal Domicile

Principal Officer

DEBORAH RITCEY

Phone

6032289680

Tax Period

2023-10-01 to 2024-09-30

GRANITE STATE INDEPENDENT LIVING, founded in 1980, is a mid-sized nonprofit in the Human Services sector that reported $28.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $26.8M left a modest 5% surplus.

Mission

FOUNDED IN 1980, GRANITE STATE INDEPENDENT LIVING (GSIL) IS A STATEWIDE NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE QUALITY OF LIFE WITH INDEPENDENCE FOR PEOPLE WITH DISABILITIES. GSIL OFFERS A WIDE VARIETY OF TOOLS AND SERVICES, INCLUDING INFORMATION AND REFERRAL, EMPLOYMENT SERVICES, ASL INTERPRETER REFERRAL, PEER SUPPORT, TRANSPORTATION, PERSONAL CARE, ACCESS MODIFICATION, BENEFITS COUNSELING, AND TRANSITION SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,505,194

Program Service Revenue $20,557,138

Investment Income $330,330

Other Revenue $-16,867

TOTAL REVENUE $28,375,795

Expense Breakdown

Grants Paid $668,679

Salaries & Benefits $20,074,572

Fundraising Expenses $215,593

Program Expenses $21,457,197

Other Expenses $6,103,507

TOTAL EXPENSES $26,846,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,375,795	$22,349,610	+0.3%
Expenses	$26,846,758	$20,759,283	+0.3%
Net Income	$1,529,037	$1,590,327	0.0%

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

743

Volunteers

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

$358,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORNA GREER	CHAIR	1.00	Officer Director	$0	$0	$0
LARRY SMUKLER	INTERIM 1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC SCHLEPPHORST	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
GEOFFREY SOUTHER	TREASURER & SECRETARY	1.00	Officer Director	$0	$0	$0
ANNE VALLETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE HIGGINBOTHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE QUALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD MCDONAH	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT VAN DER BEKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS POLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN ENNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISABRITT SOLSKY STEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN TRAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL BILLE	CHIEF FINANCIAL OFFICER	37.50	Officer	$146,817	$10,547	$157,364
DEBORAH RITCEY	CHIEF EXECUTIVE OFFICER	37.50	Officer	$197,856	$2,970	$200,826
MICHAEL GOODWIN	VP OF STRATEGY & BUSINESS DEVELOPMENT	37.50	Highest	$121,056	$28,550	$149,606
MARCIA BAGLEY	CPO	37.50	Highest	$114,886	$1,699	$116,585

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	$28,375,795	$26,846,758	$14,999,183	$1,529,037
2023	$22,349,610	$20,759,283	$15,635,286	$1,590,327
2022	$19,463,798	$17,883,956	$17,721,902	$1,579,842
2021	$18,559,478	$17,652,042	$8,676,118	$907,436
2021	$18,559,478	$17,652,042	$8,676,118	$907,436
2020	$19,431,951	$18,768,878	$8,519,262	$663,073
2019	$18,489,962	$18,762,721	$7,390,000	$-272,759
2018	$20,169,179	$20,388,840	$7,863,304	$-219,661

GRANITE STATE INDEPENDENT LIVING