GRANITE CONSTRUCTION INCORPORATED EMPLOYEE BENEFIT TRUST C/O COAMERICA BANK TTE (EIN 274368826) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

GEORGE BRADEN - Comerica Bank

Phone

5126527574

Tax Period

2024-01-01 to 2024-12-31

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 $6.2M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 5% surplus.

Mission

Voluntary employee beneficiary trust that provides health and welfare benefits to current and eligible former granite construction employees and their dependents.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,087,273

Investment Income $118,149

Other Revenue $0

TOTAL REVENUE $6,205,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,897,249

Other Expenses $288,141

TOTAL EXPENSES $5,897,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,205,422	$6,270,211	0.0%
Expenses	$5,897,249	$7,465,801	-0.2%
Net Income	$308,173	$-1,195,590	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

405

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
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