Granite City Housing Inc

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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

1997

Legal Domicile

Principal Officer

Brenda Scalabrini

Phone

8024763283

Tax Period

2024-07-01 to 2025-06-30

Granite City Housing Inc, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

To provide residential housing to low and middle income disabled, handicapped and elderly persons around the City of Barre in a home-like environment with compassion and care.

Program Service Accomplishments

Program 1

Expenses: $1,057,300 Revenue: $1,354,714

Lincoln House continues to provide residential housing with compassion and care to low and middle income disabled and elderly individuals.

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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 $8,447

Program Service Revenue $1,345,421

Investment Income $-21,210

Other Revenue $846

TOTAL REVENUE $1,333,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $878,546

Fundraising Expenses $0

Program Expenses $1,057,300

Other Expenses $425,503

TOTAL EXPENSES $1,304,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,333,504	$1,236,918	+0.1%
Expenses	$1,304,049	$1,293,874	+0.0%
Net Income	$29,455	$-56,956	-1.5%

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

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

$106,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Rowan	Ex. Dir.	40.00	Officer	$106,886	$0	$106,886
Dave Oles	Chairman	15.00	Officer Director	$0	$0	$0
Linda Bessette	Director	5.00	Director	$0	$0	$0
Mike Perrigo	Director	5.00	Director	$0	$0	$0
Aimil Parmilee	Director	5.00	Director	$0	$0	$0
Polly Thomas	Director	5.00	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
2025	$1,333,504	$1,304,049	$1,300,287	$29,455
2024	$1,236,918	$1,293,874	$1,301,462	$-56,956
2023	$1,134,669	$1,276,955	$1,372,926	$-142,286
2022	$1,076,932	$1,081,803	$1,558,779	$-4,871
2021	$1,197,393	$1,050,017	$1,633,706	$147,376
2020	$1,149,684	$1,010,665	$1,478,817	$139,019
2019	$938,734	$991,894	$1,362,582	$-53,160