Granite Recreation Corp (EIN 540678161) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

Elle L Faye

Phone

8042726989

Tax Period

2024-01-01 to 2024-12-31

Granite Recreation Corp, founded in 1958, is a small nonprofit that reported $190K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 45% operating deficit.

Mission

Provide Recreational Opportunities for Members

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $304,104

Program Service Revenue $57,404

Investment Income $49

Other Revenue $48,224

TOTAL REVENUE $409,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,508

Fundraising Expenses $0

Other Expenses $357,227

TOTAL EXPENSES $383,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$409,781	$436,564	-0.1%
Expenses	$383,735	$426,286	-0.1%
Net Income	$26,046	$10,278	+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

N/A

Volunteers

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
Elle L Faye	President	1.00	Officer Director	$0	$0	$0
Thomas Meadows	Vice President	1.00	Officer Director	$0	$0	$0
Deirdre Hughes	Treasurer	5.00	Officer Director	$0	$0	$0
Emily Lucier	Membership Director	1.00	Director	$0	$0	$0
Karen Gauthier	Membership Director	1.00	Director	$0	$0	$0
Jennifer Grey	Director	1.00	Director	$0	$0	$0
Stewart Clark	Director	1.00	Director	$0	$0	$0
Robert Perrin	Director	1.00	Director	$0	$0	$0
Ankur Patel	Director	1.00	Director	$0	$0	$0
Matthew Bond	Director	1.00	Director	$0	$0	$0
Donald Cash	Membership Director	1.00	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
2024	$409,781	$383,735	$525,876	$26,046
2023	$436,574	$426,286	$499,830	$10,288
2022	$344,826	$408,949	$489,539	$-64,123
2021	$304,395	$306,533	$553,760	$-2,138
2020	$189,796	$275,825	$555,905	$-86,029

Granite Recreation Corp