GRANITE CONSTRUCTION INCORPORATED … - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

GEORGE BRADEN - Comerica Bank

Phone

5126527574

Tax Period

2025-01-01 to 2025-12-31

GRANITE CONSTRUCTION INCORPORATED EMPLOYEE BENEFIT TRUST C/O COAMERICA BANK TTE, founded in 2010, is a community nonprofit in the Mutual Benefit sector that reported $7.4M in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

GRANITE CONSTRUCTION INCORPORATED EMPLOYEE TRUST IS A VOLUNTARY EMPLOYEES' BENEFICIARY TRUST THAT PROVIDES HEALTH AND WELFARE BENEFITS TO CURRENT AND ELIGIBLE FORMER GRANITE CONSTRUCTION EMPLOYEES AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

Expenses: $7,428,500 Revenue: $7,422,874

Providing for the payment of health and welfare benefits to current and eligible former Granite Construction employees and their dependents.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,306,660

Investment Income $116,214

Other Revenue $0

TOTAL REVENUE $7,422,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,428,500

Other Expenses $350,596

TOTAL EXPENSES $7,428,500

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,422,874	$6,205,422	+0.2%
Expenses	$7,428,500	$5,897,249	+0.3%
Net Income	$-5,626	$308,173	-1.0%

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

2132

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Comerica Bank	VP & Trust Officer	0.0		$3,000	$0	$3,000

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	$7,422,874	$7,428,500	$2,951,739	$-5,626
2024	$6,205,422	$5,897,249	$2,589,305	$308,173
2023	$6,270,211	$7,465,801	$2,083,417	$-1,195,590
2022	$6,188,789	$7,061,256	$2,377,130	$-872,467
2021	$7,000,721	$6,572,408	$3,259,056	$428,313
2020	$5,800,298	$6,018,847	$3,342,569	$-218,549
2019	$6,397,417	$5,706,776	$3,036,214	$690,641
2018	$4,203,781	$4,460,507	$2,381,842	$-256,726

GRANITE CONSTRUCTION INCORPORATED EMPLOYEE BENEFIT TRUST C/O COAMERICA BANK TTE