GRANITE GIVES BACK INC

EIN: 815148728 501(c)(3) Philanthropy & Grantmaking

QUINCY, MA

Total Revenue
$230,496
Total Expenses
$303,870
Total Assets
$163,122
Net Assets
$159,987
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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
2017
Legal Domicile
MA
Principal Officer
ROBERT M SCHLAKMAN
Phone
6178374332
Tax Period
2019-01-01 to 2019-12-31

GRANITE GIVES BACK INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $230K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year. Expenses of $304K exceeded revenue, resulting in a 32% operating deficit.

Mission

OUR MISSION STATEMENT IS TO POSITIVELY IMPACT THE COMMUNITIES IN WHICH WE WORK AND LIVE. PROVIDING ASSISTANCE AND VOLUNTEERING THE TIME AND EFFORT OF OUR TEAMMATES, FAMILY AND FRIENDS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $229,515
Program Service Revenue $0
Investment Income $0
Other Revenue $981
TOTAL REVENUE $230,496

Expense Breakdown

Grants Paid $219,302
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $288,890
Other Expenses $84,568
TOTAL EXPENSES $303,870

Year-over-Year Comparison

2019 2018 Change
Revenue $230,496 $265,224 -0.1%
Expenses $303,870 $88,778 +2.4%
Net Income $-73,374 $176,446 -1.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT T HALE JR CHAIRMAN 0.10
Officer
$0 $0 $0
ROBERT M SCHLAKMAN TREASURER 0.50
Officer
$0 $0 $0
MICHAEL B GALVIN ESQ SECRETARY 0.10
Officer
$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
2019 $230,496 $303,870 $163,122 $-73,374
2018 $265,224 $88,778 $233,361 $176,446
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