ELBERTON GRANITE ASSOCIATION INC (EIN 580610439) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Principal Officer

CHRIS KUBAS

Phone

7062832551

Tax Period

2024-01-01 to 2024-12-31

ELBERTON GRANITE ASSOCIATION INC, founded in 1951, is a small nonprofit that reported $880K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $2.7M represent 36 months of operating reserves.

Mission

ENCOURAGING THE SALES & USE OF GRANITE MEMORIALS

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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 $0

Program Service Revenue $984,673

Investment Income $-142,236

Other Revenue $37,613

TOTAL REVENUE $880,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,183

Fundraising Expenses $0

Program Expenses $588,162

Other Expenses $416,829

TOTAL EXPENSES $967,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$880,050	$971,434	-0.1%
Expenses	$967,012	$913,729	+0.1%
Net Income	$-86,962	$57,705	-2.5%

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

$104,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BURTON	TRUSTEE	0.00	Director	$0	$0	$0
ROGER WALLACE	TRUSTEE	0.00	Director	$0	$0	$0
MARTY WALKER	TREASURER	0.00	Officer Director	$0	$0	$0
ROSS OGLESBY	PRESIDENT	0.00	Officer Director	$0	$0	$0
WILLIAM BRYANT	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
TONY MILLS	TRUSTEE	0.00	Director	$0	$0	$0
MARK HARPER	TRUSTEE	0.00	Director	$0	$0	$0
RICK ADAMS	TRUSTEE	0.00	Director	$0	$0	$0
GREG RUFF	TRUSTEE	0.00	Director	$0	$0	$0
CHRISTOPHER KUBAS	EXEC. VICE PRESIDENT	40.00	Officer	$104,480	$0	$104,480

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	$880,050	$967,012	$2,686,648	$-86,962
2023	$971,434	$913,729	$2,591,458	$57,705
2022	$1,009,310	$967,238	$2,475,275	$42,072
2021	$998,032	$887,489	$2,599,327	$110,543
2020	$879,554	$912,568	$2,539,880	$-33,014
2019	$911,851	$919,368	$2,586,450	$-7,517
2018	$947,246	$922,243	$2,573,175	$25,003

ELBERTON GRANITE ASSOCIATION INC