GRANITE MEMORIAL NON-PROFIT CORPORATION

EIN: 364671726 Mutual Benefit

BISHOPVILLE, MD

Total Revenue
$13,276
Total Expenses
$9,515
Total Assets
$838,695
Net Assets
$838,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MD
Principal Officer
RICHARD L WELLS
Phone
4437830385
Tax Period
2024-07-01 to 2025-06-30

GRANITE MEMORIAL NON-PROFIT CORPORATION, founded in 2010, is a micro nonprofit in the Mutual Benefit sector that reported $13K in total revenue in fiscal year 2024. The organization ran a surplus of $4K, a strong 28% operating margin.

Mission

GRANITE MEMORIAL NON-PROFIT CORPORATION WAS FORMED TO OWN AND OPERATE A CEMETARY AND MAUSOLEUM IN BISHOPVILLE, MARYLAND. THE CORPORATION WILL SELL BURIAL SITES, CRYPTS AND NICHES TO PERSONS WHO WISH TO MEMORIALIZE LOVED ONES. THE CORPORATION WILL THEN MAINTAIN THE FACILITY INDEFINETLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250
Program Service Revenue $12,300
Investment Income $726
Other Revenue $0
TOTAL REVENUE $13,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $9,515
TOTAL EXPENSES $9,515

Year-over-Year Comparison

2024 2023 Change
Revenue $13,276 $12,966 +0.0%
Expenses $9,515 $6,608 +0.4%
Net Income $3,761 $6,358 -0.4%
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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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD W TAYLOR DIRECTOR N/A
Director
$0 $0 $0
RITA H TAYLOR DIRECTOR N/A
Director
$0 $0 $0
LOIS H WELLS DIRECTOR 3.00
Director
$0 $0 $0
RICHARD L WELLS DIRECTOR 3.00
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 $13,276 $9,515 $838,695 $3,761
2024 $12,966 $6,608 $834,934 $6,358
2023 $15,173 $13,741 $830,449 $1,432
2022 $1,082 $6,174 $829,017 $-5,092
2021 $3,883 $8,232 $834,109 $-4,349
2020 $4,903 $10,525 $837,885 $-5,622
2019 $5,416 $8,927 $843,507 $-3,511
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