GRANITE EDUCATION ASSOCIATION

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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

1973

Legal Domicile

Principal Officer

JESSICA DUNN

Phone

8012664411

Tax Period

2024-09-01 to 2025-08-31

GRANITE EDUCATION ASSOCIATION, founded in 1973, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $445K exceeded revenue, resulting in a 77% operating deficit.

Mission

REPRESENTATION OF TEACHERS WHO ARE MEMBERS OF THE GRANTIE EDUCATION ASSOCIATION.

Program Service Accomplishments

Program 1

THE COLLECTION OF DUES IS NECESSARY TO SUPPORT THE ASSOCIATION IN REPRESENTING ITS MEMBERS DURING LABOR NEGOTIATIONS WITH THE SCHOOL DISTRICT. THERE ARE APPROXIMATELY 2300 MEMBERS WHO BENEFITED FROM...

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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 $24,857

Program Service Revenue $154,820

Investment Income $70,763

Other Revenue $500

TOTAL REVENUE $250,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $445,035

TOTAL EXPENSES $445,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,940	$206,719	+0.2%
Expenses	$445,035	$158,452	+1.8%
Net Income	$-194,095	$48,267	-5.0%

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

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
KERRY BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
CAREN BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY COLLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDRYN DAMRON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANTELLE DIAZ	VICE PRESIDE	1.00	Director	$0	$0	$0
HEIDI JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
HALEY KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULINA LABRA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PAGE	BOARD MEMBER	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
2025	$250,940	$445,035	$814,906	$-194,095
2024	$206,719	$158,452	$988,606	$48,267
2023	$195,751	$142,926	$1,073,389	$52,825
2022	$217,250	$123,153	$975,631	$94,097
2021	$160,991	$91,915	$1,009,399	$69,076