GRANITE UNITED WAY (EIN 026006033) - 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

1927

Legal Domicile

Principal Officer

JOSEPH BATOR

Phone

6032242595

Tax Period

2024-07-01 to 2025-06-30

GRANITE UNITED WAY, founded in 1927, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2024.

Mission

UNITED WAY ADVANCES THE COMMON GOOD BY ENGAGING THE CARING POWER OF OUR COMMUNITY. OUR FOCUS IS ON EDUCATION, INCOME AND HEALTH - THE BUILDING BLOCKS FOR A GOOD QUALITY OF LIFE. UNITED WAY ENGAGES PEOPLE AND ORGANIZATIONS WHO BRING THE PASSION, EXPERTISE AND RESOURCES NEEDED TO GET THINGS DONE.

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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 $12,876,420

Program Service Revenue $0

Investment Income $164,124

Other Revenue $150,371

TOTAL REVENUE $13,190,915

Expense Breakdown

Grants Paid $2,344,247

Salaries & Benefits $5,831,769

Fundraising Expenses $392,117

Program Expenses $12,507,929

Other Expenses $5,374,061

TOTAL EXPENSES $13,550,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,190,915	$12,533,396	+0.1%
Expenses	$13,550,077	$14,296,701	-0.1%
Net Income	$-359,162	$-1,763,305	-0.8%

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

Volunteers

6200

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

$289,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS DELARA JR	TREASURER	2.00	Officer Director	$0	$0	$0
KATHLEEN BIZARRO-THUNBERG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KEENA	SECRETARY	2.00	Officer Director	$0	$0	$0
TIMOTHY SOUCY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BATOR	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS EMOND	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA HOFLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
STACIA ANN MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COATES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPHINE MORAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HERSCHEL NACHLIS	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY TALBOT	DIRECTOR	1.00	Director	$0	$0	$0
DAISY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
SARMAD SAMAN	DIRECTOR	1.00	Director	$0	$0	$0
NICK TOUMPAS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DEBASSIO	DIRECTOR	1.00	Director	$0	$0	$0
DIANA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BARRY	DIRECTOR	1.00	Director	$0	$0	$0
COLBY GAMESTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA LACHANCE	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SLATTERY	DIRECTOR	1.00	Director	$0	$0	$0
KELLI RIGGS	DIRECTOR	1.00	Director	$0	$0	$0
MAURA PALMER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
BETSEY RHYNHART	DIRECTOR	1.00	Director	$0	$0	$0
CINDY READ	CFO	40.00	Officer	$123,874	$25,357	$149,231
NICHOLE MARTIN REIMER	PRESIDENT & CEO (AS OF 12/24)	40.00	Officer	$132,538	$8,069	$140,607
SHANNON SWETT	CIO	40.00	Highest	$116,258	$23,534	$139,792
KIMBERLY WELCH	SVP	40.00	Highest	$105,025	$22,549	$127,574
PATRICK TUFTS	PRIOR PRESIDENT&CEO (THROUGH 12/24)	40.00		$263,347	$17,531	$280,878

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
2025	$13,190,915	$13,550,077	$8,446,964	$-359,162
2024	$12,533,396	$14,296,701	$9,356,207	$-1,763,305
2023	$13,820,335	$15,213,744	$9,848,632	$-1,393,409
2022	$19,030,593	$15,717,373	$10,904,464	$3,313,220
2021	$13,169,428	$12,546,320	$7,959,568	$623,108
2020	$9,981,054	$8,677,846	$7,314,698	$1,303,208
2019	$9,400,149	$9,027,386	$7,710,165	$372,763

GRANITE UNITED WAY