BLUE GRIT

EIN: 921730790 501(c)(3) Education

CHEYENNE, WY

Total Revenue
$7,432,954
Total Expenses
$4,459,986
Total Assets
$6,773,573
Net Assets
$2,972,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WY
Principal Officer
TYLER SASSE
Phone
3072845313
Tax Period
2023-01-01 to 2023-12-31

BLUE GRIT, founded in 2022, is a community nonprofit in the Education sector that reported $7.4M in total revenue in fiscal year 2023. The organization ran a surplus of $3.0M, a strong 40% operating margin.

Mission

TO SUPPORT THE WELDING INDUSTRY BY OPERATING A TECHNICAL SCHOOL TO TRAIN FUTURE WELDERS AND BY OFFERING SCHOLARSHIPS AND GRANTS TO INDIVIDUALS SO THAT THEY MAY OBTAIN THE NEEDED EDUCATION TO BEGIN A CAREER IN WELDING.

Program Service Accomplishments

Program 1
Expenses: $3,452,491 Revenue: $6,712,011

OPERATION OF A TECHNICAL SCHOOL TO TRAIN INDIVIDUALS WHO WANT TO BEGIN A CAREER IN WELDING. THIS INCLUDES THE PROVISION OF STUDENT HOUSING WHILE THEY ATTEND SCHOOL. SUPPORT THE WELDING INDUSTRY BY...

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OPERATION OF A TECHNICAL SCHOOL TO TRAIN INDIVIDUALS WHO WANT TO BEGIN A CAREER IN WELDING. THIS INCLUDES THE PROVISION OF STUDENT HOUSING WHILE THEY ATTEND SCHOOL. SUPPORT THE WELDING INDUSTRY BY OFFERINGS SCHOLARSHIPS AND GRANTS TO INDIVIDUALS SO THAT THEY MAY OBTAIN THE NEEDED EDUCATION TO BEGIN A CAREER IN WELDING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $720,943
Program Service Revenue $6,712,011
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,432,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,686,212
Fundraising Expenses $81,783
Program Expenses $3,452,491
Other Expenses $2,773,774
TOTAL EXPENSES $4,459,986

Year-over-Year Comparison

2023 2022 Change
Revenue $7,432,954 N/A N/A
Expenses $4,459,986 N/A N/A
Net Income $2,972,968 $0 N/A
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
66
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
3
$198,290
Total Directors
3
$198,290
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYLER SASSE PRESIDENT, VP, DIRECTOR 40.00
Officer Director
$66,650 $10,256 $76,906
DIRK ANDERSON TREASURER, DIRECTOR 30.00
Officer Director
$51,634 $7,005 $58,639
NATHAN PONDER SECRETARY, DIRECTOR 40.00
Officer Director
$58,121 $4,624 $62,745
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 No data No data No data No data
2023 $7,432,954 $4,459,986 $6,773,573 $2,972,968
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